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

G-III Apparel Group (NASDAQ:GIII)‘s stock had its “market perform” rating reissued by equities research analysts at Telsey Advisory Group in a research report issued on Friday,Benzinga reports. They currently have a $30.00 target price on the textile maker’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 18.20% from the company’s current price.

A number of other research firms have also recently commented on GIII. Barclays reduced their price target on G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, March 18th. Guggenheim increased their price objective on shares of 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. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. KeyCorp upped their target price on G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, UBS Group reduced their price target on G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $33.00.

G-III Apparel Group Price Performance

NASDAQ GIII opened at $25.38 on Friday. G-III Apparel Group has a 12-month low of $20.66 and a 12-month high of $36.18. The firm’s 50 day moving average is $28.20 and its 200-day moving average is $30.31. The company has a market capitalization of $1.11 billion, a PE ratio of 6.66 and a beta of 2.09. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

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, beating the consensus estimate of $0.97 by $0.30. The company had revenue of $839.50 million during the quarter, compared to analysts’ expectations of $808.59 million. 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 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. Equities research analysts anticipate that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. boosted its stake in G-III Apparel Group by 18.6% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker’s stock valued at $117,000 after buying an additional 564 shares in the last quarter. Sanctuary Advisors LLC grew its holdings 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 during the last quarter. Vestcor Inc grew its holdings in shares of G-III Apparel Group by 2.1% during the 4th quarter. Vestcor Inc now owns 31,988 shares of the textile maker’s stock valued at $1,043,000 after purchasing an additional 665 shares during the last quarter. Atria Investments Inc increased its position in G-III Apparel Group by 9.1% during the 4th quarter. Atria Investments Inc now owns 8,102 shares of the textile maker’s stock worth $264,000 after purchasing an additional 673 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in G-III Apparel Group by 1.3% in the 4th quarter. BNP Paribas Financial Markets now owns 79,173 shares of the textile maker’s stock valued at $2,583,000 after purchasing an additional 995 shares during the last quarter. 92.13% of the stock is currently 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.