G-III Apparel Group, Ltd. (NASDAQ:GIII) Given Consensus Rating of “Hold” by Brokerages

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been given an average recommendation of “Hold” by the six brokerages that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $33.17.

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

G-III Apparel Group Stock Down 1.8 %

Shares of NASDAQ GIII opened at $32.02 on Friday. The stock has a market cap of $1.41 billion, a PE ratio of 8.40 and a beta of 2.14. G-III Apparel Group has a 52-week low of $20.66 and a 52-week high of $36.18. The business has a 50-day moving average price of $31.70 and a 200 day moving average price of $29.29. The company has a quick ratio of 1.80, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.33. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $2.78 earnings per share. Equities research analysts forecast that G-III Apparel Group will post 4.15 earnings per share for the current year.

Hedge Funds Weigh In On G-III Apparel Group

Large investors have recently made changes to their positions in the stock. Vestcor Inc lifted its position in shares of G-III Apparel Group by 197.7% during the 3rd quarter. Vestcor Inc now owns 31,323 shares of the textile maker’s stock valued at $956,000 after acquiring an additional 20,800 shares during the period. Foundry Partners LLC acquired a new position in G-III Apparel Group during the second quarter worth $518,000. Geode Capital Management LLC boosted its position 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 purchasing an additional 11,196 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in G-III Apparel Group by 8.4% in the third quarter. Sanctuary Advisors LLC now owns 14,564 shares of the textile maker’s stock valued at $439,000 after purchasing an additional 1,126 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of G-III Apparel Group by 269.9% in the third quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker’s stock valued at $7,665,000 after buying an additional 183,246 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

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.