G-III Apparel Group, Ltd. Announces First Quarter Fiscal 2020 Results

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G-III Apparel (GIII) PT Lowered to $47 at Needham & Company

June 6, 2019 7:17 AM EDT

Needham & Company analyst Rick Patel lowered the price target on G-III Apparel (NASDAQ: GIII) to $47.00 (from $55.00) while maintaining a Buy rating following the stocks recent pullback. Patel attributes GIIIs pullback to softer than expected sales in 1Q. Despite softer revenue than was modeled, GIII... More

G-III Apparel Group (GIII) Tops Q1 EPS by 3c, Revenues Miss; Affirms FY20 EPS Mid-Point Guidance Above Consensus, FY20 Revenue Views In-Line

June 5, 2019 7:03 AM EDT

G-III Apparel Group (NASDAQ: GIII) reported Q1 EPS of $0.25, $0.03 better than the analyst estimate of $0.22. Revenue for the quarter came in at $634 million versus the consensus estimate of $650.45 million.

Morris Goldfarb, G-IIIs Chairman and Chief Executive Officer, said, We are pleased to... More