CEO Talks: G-III's Morris Goldfarb on DKNY, Donna Karan

On an adjusted basis, non-GAAP net income per diluted share for the full fiscal 2017 year decreased to 1.42 dollars from 2.44 dollars in the prior fiscal year. It has been assigned a low target price of $22 and a high target price of $45. Now the P/E of G-III Apparel Group, Ltd. (GIII) stands at 11.55. G-III Apparel Group, Ltd. was covered by a number of analysts recently, 1 rated the stock as Strong Buy, 2 rated Buy, 4 rated Hold, 0 rated sell and 0 gave an Underperform. The stock has a 50 day moving average price of $25.05 and a 200-day moving average price of $27.88. Their remarkable global recognition combined with our expansive footprint make Macy's and DKNY a flawless partnership.' 'We believe that Macy's is the ideal partner as we implement our strategy for DKNY to be the premier brand in the world for women's apparel and accessories, ' said Morris Goldfarb, chairman and chief executive officer of G-III.

The volume of the particular stock is the shares bought and sold in a single trading day. The total market capitalization remained at $956.05 million.

G-III Apparel Group Ltd. reported net sales for the fiscal year ended January 31, 2017 were up 1.8 percent to $2.39 billion from $2.34 billion in the prior year. A significant increase in trading volume means that more than double the average amount of stocks are moving.

Now the shares of G-III Apparel Group, Ltd. (GIII) has the trading volume of 8.5 Million shares with the average trading volume of 2.16 Million shares. While the actual EPS the company reported in the same quarter previous year was 0.17/share. The firm earned $603.30 million during the quarter, compared to analyst estimates of $622.76 million. G-III is a leading manufacturer and distributor of apparel and accessories under licensed brands, owned brands and private label brands. "Statements concerning G-III's business outlook or future economic performance, anticipated revenues, expenses or other financial items; product introductions and plans and objectives related thereto; and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters are 'forward-looking statements" as that term is defined under the Federal Securities laws. Tracking most recent quarter period, Price to book (P/B) ration is at 0.93 and Price to cash per share ration is at 21.32. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market. G-III Apparel Group, LTD. (NASDAQ:GIII) has fallen 24.1% over the past 6 months and is downtrending. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of USA & global copyright & trademark laws.

G-III Apparel Group, Ltd. (GIII) topped its 52-week high price target of 51.81 on Jul 18, 2016. FMR LLC boosted its position in shares of G-III Apparel Group by 7.8% in the fourth quarter. Genesee Valley Trust Co. bought a new position in G-III Apparel Group during the third quarter worth $210,000. Similar statistics are true for the second largest owner, Blackrock Fund Advisors, which owns 3,509,871 shares of the stock are valued at $80.45 million.

The stock as of last trading session moved -7.56% down from its 52 week low and was -62.00% behind its 52 week high. Finally, WS Management Lllp boosted its position in shares of G-III Apparel Group by 198.7% in the fourth quarter. Macy's and G-III will work closely on brand extensions and exclusive products that build upon the founding principles of the iconic New York-based brand.

  • Joey Payne