G-III Apparel Analysts Boost Their Forecasts After Upbeat Q1 Results
Portfolio Pulse from Lisa Levin
G-III Apparel Group Ltd reported better-than-expected Q1 results with sales of $606.6 million and adjusted EPS of $0.13. The company raised its FY24 sales and adjusted EPS guidance. Following the announcement, several analysts increased their price targets on G-III Apparel.
June 07, 2023 | 12:52 pm
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G-III Apparel reported strong Q1 results and raised its FY24 guidance, leading to multiple analysts increasing their price targets on the stock.
G-III Apparel's better-than-expected Q1 results and raised FY24 guidance indicate a positive outlook for the company. This has led to multiple analysts increasing their price targets, which is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100