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GIII

G-III Apparel

$26.88

-0.28 (-1.03%)

16:22
12/01/16
12/01
16:22
12/01/16
16:22

G-III Apparel cuts FY17 adjusted EPS view to $1.86-$1.96 from $2.16-$2.26

Consensus $2.11. Cuts FY17 revenue view to about $2.43B from $2.48B, consensus $2.46B. The Company is now projecting adjusted EBITDA for fiscal 2017 of between approximately $163 million and $171 million compared to adjusted EBITDA of $210.1 million in fiscal 2016 and to its previous forecast of adjusted EBITDA of between approximately $199 million and $206 million. The current projection includes estimated operating losses of $14 million from the acquisition, but excludes professional fees associated with the acquisition of Donna Karan.

  • 09

    Jan

GIII G-III Apparel
$26.88

-0.28 (-1.03%)

08/31/16
08/31/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Under Armour (UA) downgraded to Hold from Buy at Argus by John Staszak, based on his belief that the company will have to make significant investments to expand its business going forward. 2. First Solar (FSLR) downgraded to Hold from Buy at Argus by analysts Stephen Biggar and Jasper Hellweg, citing what they see as the company's lack of earnings visibility. The analysts say that the company's backlog is falling, while it is encountering "intense price competition." 3. Palo Alto Networks (PANW) downgraded to Outperform from Strong Buy at Raymond James by analyst Michael Turits, citing the company's weaker than expected guidance for FY17. Palo guided product growth to 12%-13%, nearly halfway below the consensus estimate of 22%, said Turits, who lowered his price target for the shares to $165 from $180. 4. G-III Apparel (GIII) downgraded to Sell from Hold at Stifel. Despite the recent decline in the stock, its risk/reward ratio is unfavorable given the multiple risks faced by the company, according to Stifel analyst Jim Duffy. 5. Quest Diagnostics (DGX) downgraded to Neutral from Buy at Mizuho. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/28/16
LYON
09/28/16
INITIATION
LYON
Outperform
G-III Apparel initiated with an Outperform at CLSA
CLSA analyst Rick Patel initiated G-III Apparel with an Outperform rating and a $34 price target.
10/04/16
STPT
10/04/16
UPGRADE
STPT
Buy
G-III Apparel upgraded to Buy from Hold at Standpoint Research
11/08/16
STFL
11/08/16
UPGRADE
STFL
Hold
G-III Apparel upgraded to Hold from Sell at Stifel
Stifel analyst Jim Duffy upgraded G-III to Hold citing balanced risk/reward.

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