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

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

Several brokerages recently issued reports on GIII. Telsey Advisory Group reissued a “market perform” rating and set a $38.00 target price on shares of G-III Apparel Group in a research note on Wednesday, December 18th. Guggenheim lifted their price objective 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 lifted their price objective 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. StockNews.com raised G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, Barclays lifted their price objective on 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.

Hedge Funds Weigh In On G-III Apparel Group

Large investors have recently modified their holdings of the stock. Vestcor Inc increased 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 purchasing an additional 20,800 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in G-III Apparel Group by 80.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,518 shares of the textile maker’s stock valued at $4,075,000 after acquiring an additional 59,718 shares during the period. Geode Capital Management LLC boosted its holdings in G-III Apparel Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock valued at $29,833,000 after acquiring an additional 11,196 shares during the period. EMC Capital Management boosted its holdings in G-III Apparel Group by 345.5% during the 4th quarter. EMC Capital Management now owns 11,965 shares of the textile maker’s stock valued at $390,000 after acquiring an additional 9,279 shares during the period. Finally, Empowered Funds LLC boosted its holdings in G-III Apparel Group by 3.5% during the 4th quarter. Empowered Funds LLC now owns 339,601 shares of the textile maker’s stock valued at $11,078,000 after acquiring an additional 11,478 shares during the period. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Down 1.6 %

Shares of GIII opened at $29.02 on Friday. The business’s 50 day moving average is $31.78 and its 200 day moving average is $30.32. The company has a market capitalization of $1.27 billion, a PE ratio of 7.62 and a beta of 2.07. G-III Apparel Group has a 12-month low of $20.66 and a 12-month high of $36.18. 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 issued its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.33. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The firm’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter last year, the company earned $2.78 EPS. Research analysts expect that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

About G-III Apparel Group

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.