Analysts Set G-III Apparel Group, Ltd. (NASDAQ:GIII) PT at $33.17

G-III Apparel Group, Ltd. (NASDAQ:GIII) has been given an average rating of “Hold” by the six ratings firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $33.17.

A number of brokerages have recently issued reports on GIII. Telsey Advisory Group reaffirmed a “market perform” rating and set a $38.00 price target on shares of G-III Apparel Group in a report on Wednesday, December 18th. KeyCorp upped their price target on G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Barclays upped their price target on G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, December 11th. StockNews.com raised G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Guggenheim increased their target price on G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, December 11th.

G-III Apparel Group Trading Down 1.6 %

NASDAQ GIII opened at $29.02 on Friday. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $36.18. The stock has a market cap of $1.27 billion, a P/E ratio of 7.62 and a beta of 2.07. The stock’s fifty day moving average price is $31.78 and its 200-day moving average price is $30.32. 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 (NASDAQ:GIII) last released its earnings results on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.33. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.78 earnings per share. As a group, equities analysts forecast that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Institutional Trading of G-III Apparel Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in G-III Apparel Group in the fourth quarter worth about $68,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in G-III Apparel Group by 16.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,135 shares of the textile maker’s stock worth $2,418,000 after buying an additional 10,320 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in G-III Apparel Group in the fourth quarter worth about $217,000. Squarepoint Ops LLC purchased a new stake in G-III Apparel Group in the fourth quarter worth about $2,308,000. Finally, Two Sigma Investments LP increased its position in G-III Apparel Group by 16.4% in the fourth quarter. Two Sigma Investments LP now owns 58,381 shares of the textile maker’s stock worth $1,904,000 after buying an additional 8,211 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.