G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives Average Recommendation of “Hold” from Brokerages

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $33.17.

GIII has been the subject of a number of research analyst reports. Telsey Advisory Group restated a “market perform” rating and issued a $38.00 target price on shares of G-III Apparel Group in a research note on Wednesday, December 18th. Barclays increased 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. KeyCorp upped 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 report on Wednesday, December 11th. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, 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 research note on Wednesday, December 11th.

G-III Apparel Group Trading Up 1.4 %

GIII opened at $31.89 on Tuesday. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 8.37 and a beta of 2.09. G-III Apparel Group has a one year low of $20.66 and a one year high of $36.18. The business has a 50 day simple moving average of $31.94 and a two-hundred day simple moving average of $29.82. 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 (NASDAQ:GIII) last released its quarterly earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.33. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.78 earnings per share. Analysts predict that G-III Apparel Group will post 4.16 EPS for the current year.

Institutional Trading of G-III Apparel Group

Large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in G-III Apparel Group in the 2nd quarter worth approximately $42,000. Quarry LP purchased a new position in G-III Apparel Group in the third quarter worth about $63,000. Point72 DIFC Ltd bought a new stake in shares of G-III Apparel Group during the 2nd quarter valued at about $78,000. CWM LLC increased its position 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 purchasing an additional 885 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of G-III Apparel Group in the 3rd quarter worth approximately $152,000. 92.13% of the stock is currently owned by institutional investors.

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.