III Apparel Group Ltd.

G-III's relaunch of Donna Karan mid-year is expected to have a positive impact
G-III's relaunch of Donna Karan mid-year is expected to have a positive impact
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29 March, 2017

The Company stated GAAP net income for the fiscal year ended January 31, 2017 of $51.9 million, or $1.10 per diluted share, contrast to $114.3 million, or $2.46 per diluted share, in the prior year. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. The stock has a 50 day moving average of $24.90 and a 200-day moving average of $27.76. On average, analysts forecast that G-III Apparel Group will post $1.43 earnings per share for the current fiscal year.

Several other equities analysts also recently issued reports on GIII.

According to consensus agreement of Analysts, the mean estimate of short term price target for the GIII's stock is marked at $30.14. A total of 8.5 million shares exchanged at hands and its average trading volume is standing at 0.68 million shares. The company reported operating loss of $21.9 million.

On an adjusted basis, non-GAAP net loss was 0.16 dollar per share compared to non-GAAP net income per diluted share of 0.17 dollar in the fourth quarter a year ago. The company has an average rating of "Hold" and an average price target of $27.71. The company reported sales for the fourth quarter ended January 31 of $603 million, up almost 15% year over year but still below expectations.

Kate Spade & Company, with an impressive long-term earnings growth rate of 28.3% jumped 33.3%, in the past six months.

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G-III Apparel Group has inked an exclusive licensing agreement with Macy's for its recently acquired DKNY brand, in a move that will see the retailer serve as the sole United States department store for sales of DKNY women's apparel and accessories. Analysts are forecasting earnings of $-0.09 on a per share basis this quarter.

Presently G-III Apparel Group, Ltd. (NASDAQ:GIII) stock have an ABR of 1.86. An RSI reading above 80 indicates that a stock is overbought while anything below 20 is oversold. Cowen and Company cut their price objective on shares of G-III Apparel Group to $22.00 in a research report on Tuesday.

Large investors have recently added to or reduced their stakes in the stock.

14-day Williams %R for G-III Apparel Group, Ltd. (NASDAQ:GIII) moved to around 90.69. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and global copyright and trademark law. The number of shares now owned by investors are 48.73 mln. TimesSquare Capital Management LLC raised its position in shares of G-III Apparel Group by 18.1% in the third quarter. Aberdeen Asset Management PLC UK increased its stake in G-III Apparel Group by 41.9% in the fourth quarter. Nationwide Fund Advisors raised its position in G-III Apparel Group by 5.9% in the third quarter. Finally, New Jersey Better Educational Savings Trust purchased a new position in G-III Apparel Group during the third quarter valued at approximately $496,000. The stock has dropped to a new low for the year. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up.

Macy's and G-III will work closely on brand extensions and exclusive products that build upon the brand's founding principles, while the agreement also plans for "increased and enhanced" DKNY shop-in-shops in Macy's stores. G-III also operates retail stores under the DKNY, Wilsons Leather, Bass, Vilebrequin and Calvin Klein Performance names.


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