UPDATE: G-III Apparel Group (GIII) Tops Q1 EPS by 9c, Offers Q2 & FY Guidance

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Go back to UPDATE: G-III Apparel Group (GIII) Tops Q1 EPS by 9c, Offers Q2 & FY Guidance

Piper Jaffray Raised the Price Target on G-III Apparel Group (GIII) Following Q1 EPS Beat

June 3, 2015 8:12 AM EDT

Piper Jaffray reiterates an Overweight rating on G-III Apparel (NASDAQ: GIII), and raised the price target to $74.00 (from $67.00), following Q1. EPS of $0.15 was more than 2x Piper Jaffray's $0.07 estimate. FY16 EPS was guided up from $2.53-$2.63 to $2.66-$2.76.

Analyst Erin Murphy commented, "We... More