Lakers Guard Alex Caruso’s Popularity Continues With Apparel - Sports Illustrated

Lakers Guard Alex Caruso’s Popularity Continues With Apparel - Sports Illustrated
Q4 2022 EPS Estimates for G-III Apparel Group, Ltd. (NASDAQ:GIII) Decreased by Piper Sandler - Redmond Register
Lowell sports apparel maker now making masks to help in coronavirus crisis - MLive.com

Posted: 22 Mar 2020 04:17 PM PDT

Alex Caruso is a fan favorite who regularly gets "MVP" chants and loud cheers from sold-out crowds at Staples Center.

While fans undoubtedly miss watching his no-look passes, outside shots and high-flying alley oops, they can still have a little part of the "Carushow" during the league's hiatus.

Caruso recently announced on his social media that his apparel is available online again. The apparel depicts Caruso, wearing his No. 4 Lakers jersey, in midair as he's about to go up for a dunk with the downtown Los Angeles skyline in the background.

Caruso's story has resonated with Lakers fans.

He turned a two-way contract in 2017 into a two-year, $5.5 million deal in July.

Caruso's Twitter bio includes this message: "Never stress what's out of your control."

It's an important message, especially during the COVID-19 pandemic. Two of the Lakers tested positive for the virus Thursday and all of the players are under a 14-day quarantine.

On Saturday, Caruso let his fans know he has started playing the video game "Call of Duty" during his downtime. He tweeted, "Just got my first W in War Zone.. carry on."

Caruso is averaging 5.4 points, 1.8 assists and one steals in 58 games for the Lakers, who are atop the Western Conference with a record of 49-14.

Q4 2022 EPS Estimates for G-III Apparel Group, Ltd. (NASDAQ:GIII) Decreased by Piper Sandler - Redmond Register

Posted: 22 Mar 2020 11:58 PM PDT

G-III Apparel Group, Ltd. (NASDAQ:GIII) – Research analysts at Piper Sandler lowered their Q4 2022 earnings estimates for G-III Apparel Group in a report released on Thursday, March 19th. Piper Sandler analyst E. Murphy now forecasts that the textile maker will post earnings per share of $0.56 for the quarter, down from their previous estimate of $0.73.

GIII has been the subject of several other research reports. Zacks Investment Research cut G-III Apparel Group from a "hold" rating to a "sell" rating and set a $33.00 price target for the company. in a research note on Tuesday, January 14th. Telsey Advisory Group lowered their price target on G-III Apparel Group from $28.00 to $10.00 and set a "market perform" rating for the company in a research note on Friday. Stifel Nicolaus lowered their price target on G-III Apparel Group from $22.00 to $8.00 and set a "hold" rating for the company in a research note on Friday. B. Riley started coverage on G-III Apparel Group in a research note on Wednesday, December 4th. They issued a "buy" rating and a $33.00 price target for the company. Finally, Needham & Company LLC lowered their price target on G-III Apparel Group from $32.00 to $21.00 and set a "buy" rating for the company in a research note on Friday. Three analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of "Hold" and a consensus target price of $23.27.

Shares of NASDAQ GIII opened at $6.06 on Monday. The stock has a market cap of $363.34 million, a price-to-earnings ratio of 2.05, a PEG ratio of 0.24 and a beta of 1.68. The business has a 50 day simple moving average of $22.06 and a 200 day simple moving average of $26.63. G-III Apparel Group has a 52 week low of $2.96 and a 52 week high of $43.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.45 and a current ratio of 2.36.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, March 19th. The textile maker reported $0.75 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.67 by $0.08. The business had revenue of $754.60 million during the quarter, compared to analysts' expectations of $799.07 million. G-III Apparel Group had a return on equity of 12.97% and a net margin of 4.55%. The firm's quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS.

Several hedge funds have recently modified their holdings of the company. Macquarie Group Ltd. lifted its holdings in shares of G-III Apparel Group by 4.6% during the fourth quarter. Macquarie Group Ltd. now owns 63,319 shares of the textile maker's stock worth $2,121,000 after buying an additional 2,780 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of G-III Apparel Group by 33.4% during the fourth quarter. Nuveen Asset Management LLC now owns 1,585,952 shares of the textile maker's stock worth $53,130,000 after buying an additional 397,210 shares during the last quarter. Norges Bank acquired a new position in shares of G-III Apparel Group during the fourth quarter worth approximately $13,947,000. Geode Capital Management LLC lifted its holdings in shares of G-III Apparel Group by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 585,998 shares of the textile maker's stock worth $19,630,000 after buying an additional 9,337 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its holdings in shares of G-III Apparel Group by 2.7% during the fourth quarter. Mason Street Advisors LLC now owns 14,992 shares of the textile maker's stock worth $502,000 after buying an additional 401 shares during the last quarter. Institutional investors own 99.74% of the company's stock.

In other G-III Apparel Group news, Director Bokhorst Willem Van sold 4,753 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $32.81, for a total transaction of $155,945.93. Following the completion of the sale, the director now owns 56,636 shares of the company's stock, valued at $1,858,227.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is owned by corporate insiders.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

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Earnings History and Estimates for G-III Apparel Group (NASDAQ:GIII)

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Lowell sports apparel maker now making masks to help in coronavirus crisis - MLive.com

Posted: 20 Mar 2020 09:09 AM PDT

LOWELL, MI -- When the coronavirus pandemic hit full force in recent days, orders began to tank for a Lowell sportswear maker.

Sporting events and seasons were being canceled and buying sports apparel was no longer on the minds of usual customers.

Then one customer suggested that it would be great if Addix, the Lowell company, could make face masks that might help people during the pandemic.

"It was one of those head-smacking moments," Addix CEO Steve Dean said.

The staff could, in fact, make masks with the existing equipment and now are doing just that.

The masks are not N95 respirators, which can block 95 percent of small airborne particles, and Addix makes no claim that the perform as such. They are made of a micro-polyester dry wicking material.

Michigan confirmed coronavirus cases jump to 334 with increase of private testing

Still, they could provide some benefit and, in fact, the Centers of Disease Control recently updated guidelines for health care workers dealing with medical mask shortages. CDC officials suggested that health care workers might consider using homemade masks as a last resort in caring for COVID-19 patients.

"We see it as a last line of defense, another barrier," Dean said.

Dean is trying to get the masks certified through the state Department of Health and Human Services, but has not heard back from state officials.

The company launched the face mask line on Tuesday, March 17 and has since made thousands of them. Orders are coming in.

Dean said he's hopeful the mask production will allow him to bring some or all of his workers back that recently were laid off because of the downturn in apparel orders. About 25 percent of the company's 48-person workforce were let go.

The masks can be customized with various prints.

Friday, March 20: Latest developments on coronavirus in Michigan

As part of a gesture to give back, Addix is donating 10 percent of all face mask sales to the United Way Worldwide's COVID-19 Community Response and Recovery Fund.

Dean is also giving away some masks to places in need. A nursing home has already received some.

"I want to do a good thing," he said.

Read all of MLive's coverage on the coronavirus at mlive.com/coronavirus. Additional information is available at Michigan.gov/Coronavirus and CDC.gov/Coronavirus.

PREVENTION TIPS

Michigan's State Emergency Operations Center is coordinating state-government resources and the response to the coronavirus spread. It has shared the following tips:

What you can do to prevent the spread of COVID-19 and other respiratory diseases:

· Always cover coughs or sneezes with a tissue or sleeve.

· Stay home if you are sick and advise others to do the same.

· Avoid close contact with people who are sick.

· Avoid touching your eyes, nose and mouth with unwashed hands.

· Wash your hands often with soap and warm water for at least 20 seconds.

· Use an alcohol-based hand sanitizer with at least 60% alcohol, if soap and warm water are not available.

· Clean and disinfect frequently touched objects and surfaces(computers, keyboards, desks, etc.).

· It's not too late to get your flu shot! While the influenza vaccine does not protect against COVID-19 infection, it can help keep you healthy during the flu season.

Thursday, March 19: Latest developments on coronavirus in Michigan

Coronavirus cases now total 9 in Kent County