G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives $33.17 Consensus Price Target from Brokerages

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

A number of 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 Monday, December 2nd. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 target price on shares of G-III Apparel Group in a research report on Wednesday, December 18th. KeyCorp lifted their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Barclays lifted their price objective on G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, December 11th. Finally, Guggenheim upped their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

G-III Apparel Group Trading Down 1.2 %

NASDAQ GIII opened at $32.74 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.80. G-III Apparel Group has a one year low of $20.66 and a one year high of $36.18. The stock’s 50-day moving average is $31.60 and its 200-day moving average is $29.14. The firm has a market cap of $1.44 billion, a P/E ratio of 8.59 and a beta of 2.14.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.33. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. G-III Apparel Group’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.78 earnings per share. Sell-side analysts anticipate that G-III Apparel Group will post 4.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On G-III Apparel Group

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

About G-III Apparel Group

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.