Telsey Advisory Group Reiterates “Market Perform” Rating for G-III Apparel Group (NASDAQ:GIII)

Telsey Advisory Group reissued their market perform rating on shares of G-III Apparel Group (NASDAQ:GIII) in a research note published on Friday,Benzinga reports. Telsey Advisory Group currently has a $30.00 target price on the textile maker’s stock.

GIII has been the topic of a number of other reports. Barclays cut their price objective on G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating on the stock in a report on Tuesday, March 18th. Guggenheim upped their target price on G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. UBS Group reduced their price target on shares of G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. StockNews.com raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th. Finally, KeyCorp increased 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, G-III Apparel Group currently has a consensus rating of “Hold” and an average target price of $33.00.

G-III Apparel Group Stock Up 0.9 %

NASDAQ:GIII opened at $25.60 on Friday. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. G-III Apparel Group has a twelve month low of $20.66 and a twelve month high of $36.18. The company has a market cap of $1.12 billion, a PE ratio of 6.72 and a beta of 1.63. The company’s 50 day moving average is $28.07 and its two-hundred day moving average is $30.24.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping the consensus estimate of $0.97 by $0.30. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business had revenue of $839.50 million during the quarter, compared to the consensus estimate of $808.59 million. During the same period in the previous year, the firm posted $0.76 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its stake in shares of G-III Apparel Group by 11.8% during the 4th quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker’s stock worth $47,672,000 after purchasing an additional 153,913 shares during the period. Geode Capital Management LLC boosted its holdings in G-III Apparel Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock worth $29,833,000 after buying an additional 11,196 shares in the last quarter. Prudential Financial Inc. grew its position in G-III Apparel Group by 2.6% during the fourth quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker’s stock valued at $25,197,000 after buying an additional 19,723 shares during the period. Marshall Wace LLP increased its holdings in G-III Apparel Group by 80.6% in the fourth quarter. Marshall Wace LLP now owns 766,068 shares of the textile maker’s stock valued at $24,989,000 after buying an additional 341,870 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of G-III Apparel Group by 513.2% in the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock worth $18,430,000 after acquiring an additional 472,862 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.

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.