Brokerages Set G-III Apparel Group, Ltd. (NASDAQ:GIII) PT at $33.17

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have earned a consensus rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $33.17.

A number of equities research analysts have weighed in on GIII shares. StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Guggenheim lifted their price objective on G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Barclays upped their price target on shares of G-III Apparel Group from $27.00 to $29.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 11th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of G-III Apparel Group in a research note on Wednesday, December 18th. Finally, KeyCorp lifted their target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th.

Institutional Trading of G-III Apparel Group

A number of hedge funds have recently bought and sold shares of GIII. Point72 Asia Singapore Pte. Ltd. purchased a new stake in G-III Apparel Group in the second quarter valued at approximately $42,000. Quarry LP acquired a new position in shares of G-III Apparel Group in the 3rd quarter valued at $63,000. CWM LLC grew its stake in shares of G-III Apparel Group by 46.8% during the 3rd quarter. CWM LLC now owns 2,777 shares of the textile maker’s stock valued at $85,000 after buying an additional 885 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of G-III Apparel Group during the 2nd quarter worth $78,000. Finally, Point72 Hong Kong Ltd purchased a new position in shares of G-III Apparel Group in the 3rd quarter worth $152,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

NASDAQ GIII opened at $31.46 on Tuesday. The firm’s fifty day moving average price is $31.91 and its 200 day moving average price is $29.75. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $36.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 8.26 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.33. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the company posted $2.78 earnings per share. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts expect that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

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 through 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.