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GIII

G-III Apparel

$20.52

-0.01 (-0.05%)

08:42
09/03/19
09/03
08:42
09/03/19
08:42

G-III Apparel price target lowered to $34 from $47 at Needham

Needham analyst Rick Patel lowered his price target on G-III Apparel to $34 ahead of its Q2 earnings this week, saying the 21% decline in its stock price over the past month reflects investors' expectations of a guidance cut. The analyst cites the negative impact of List 4 tariffs, read-throughs from the department stores, and a worsening of outlet traffic, also lowering his FY20 and FY21 EPS forecasts by 18c and $1.05 to $3.12 and $2.55 respectively. Patel keeps his Buy rating on G-III Apparel longer term, stating that the company can generate sales growth through its "power brands," but warns that margin compression is likely due to its significant exposure to sourcing in China.

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GIII G-III Apparel
$20.52

-0.01 (-0.05%)

08/07/19
STFL
08/07/19
NO CHANGE
STFL
G-III, Yeti have higher than average risk from List 4 tariffs, says Stifel
Stifel analyst Jim Duffy said the direct, unmitigated impact of a proposed 10% tariff on "List 4" goods imported from China is contained to a single digit percentage headwind to calendar 2020 earnings for most of the 18 Sports and Lifestyle Brands companies he covers, though he identified G-III Apparel (GIII), Yeti (YETI) and potentially Dick's Sporting Goods (DKS) as having higher than group average exposure to the risk. He awaits more tariff details before adjusting estimates, but said he is constructive on higher-end and globally diversified brands, such as Lululemon (LULU), Columbia Sportswear (COLM), Nike (NKE), Under Armour (UAA) and VF Corp. (VFC).
08/29/19
STFL
08/29/19
DOWNGRADE
Target $20
STFL
Hold
G-III Apparel downgraded to Hold from Buy at Stifel
Stifel analyst Jim Duffy downgraded G-III Apparel to Hold from Buy and lowered his price target for the shares to $20 from $37. The analyst says his more cautious outlook reflects "shocks" to his fiscal 2021 earnings estimates from tariffs on China manufactured goods sold in the U.S. G-III has the greatest earnings exposure to incremental tariffs among the Sports & Lifestyle Brands group, Duffy tells investors in a research note. The analyst believes a catalyst for a "sentiment reversion is unlikely through year-end."
08/29/19
08/29/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Box (BOX) downgraded to Neutral from Outperform at First Analysis and to Hold from Buy at Craig-Hallum. 2. G-III Apparel (GIII) downgraded to Hold from Buy at Stifel with analyst Jim Duffy saying his more cautious outlook reflects "shocks" to his fiscal 2021 earnings estimates from tariffs on China manufactured goods sold in the U.S. 3. Tapestry (TPR) and Movado (MOV) downgraded to Market Perform from Outperform at Cowen. 4. Solid Biosciences (SLDB) downgraded to Sell from Neutral at Citi with analyst Joel Beatty saying the stock has nearly doubled over the last month without anything fundamental changing, which has opened up a sell opportunity. 5. Casey's General Stores (CASY) downgraded to Underperform from Sector Perform at RBC Capital with analyst Irene Nattel citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
09/03/19
TLSY
09/03/19
DOWNGRADE
Target $20
TLSY
Market Perform
G-III Apparel downgraded to Market Perform from Outperform at Telsey Advisory
Telsey Advisory analyst Dana Telsey downgraded G-III Apparel to Market Perform from Outperform with a $20 price target.

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