G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives $33.00 Consensus Target Price from Analysts

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have received an average recommendation of “Hold” from the five research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $33.00.

GIII has been the topic of several analyst reports. UBS Group decreased their price objective on G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. Guggenheim lifted their price target on G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. KeyCorp increased their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Barclays decreased their target price on shares of G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating on the stock in a research note on Tuesday, March 18th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $30.00 price target on shares of G-III Apparel Group in a report on Friday, April 4th.

Hedge Funds Weigh In On G-III Apparel Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. increased its position in G-III Apparel Group by 18.6% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker’s stock valued at $117,000 after purchasing an additional 564 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of G-III Apparel Group by 4.3% during the 4th quarter. Sanctuary Advisors LLC now owns 15,195 shares of the textile maker’s stock valued at $500,000 after purchasing an additional 631 shares in the last quarter. Vestcor Inc increased its position in shares of G-III Apparel Group by 2.1% during the fourth quarter. Vestcor Inc now owns 31,988 shares of the textile maker’s stock valued at $1,043,000 after buying an additional 665 shares during the period. Atria Investments Inc increased its position in shares of G-III Apparel Group by 9.1% during the fourth quarter. Atria Investments Inc now owns 8,102 shares of the textile maker’s stock valued at $264,000 after buying an additional 673 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in G-III Apparel Group by 1.3% in the fourth quarter. BNP Paribas Financial Markets now owns 79,173 shares of the textile maker’s stock worth $2,583,000 after buying an additional 995 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

NASDAQ:GIII opened at $22.51 on Friday. The company has a market capitalization of $987.81 million, a price-to-earnings ratio of 5.91 and a beta of 1.63. The business has a 50 day moving average of $27.52 and a 200 day moving average of $30.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. G-III Apparel Group has a 1-year low of $20.66 and a 1-year high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $839.50 million during the quarter, compared to analyst estimates of $808.59 million. During the same period in the previous year, the business posted $0.76 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. On average, sell-side analysts predict 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.