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

G-III Apparel Group, Ltd. (NASDAQ:GIII) has been given a consensus rating of “Hold” by the six research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $33.17.

Several equities research analysts have recently issued reports on the stock. Barclays boosted their target price on shares of G-III Apparel Group from $27.00 to $29.00 and gave the stock an “underweight” 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 report on Friday, January 17th. Telsey Advisory Group reiterated 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. Guggenheim lifted their target price on 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. Finally, 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.

G-III Apparel Group Stock Performance

Shares of GIII opened at $32.18 on Tuesday. 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 has a one year low of $20.66 and a one year high of $36.18. The company’s fifty day moving average price is $31.99 and its 200 day moving average price is $29.88. The company has a market capitalization of $1.41 billion, a PE ratio of 8.45 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.33. The business had revenue of $1.09 billion during 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 firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.78 EPS. As a group, analysts expect that G-III Apparel Group will post 4.16 earnings per share for the current year.

Hedge Funds Weigh In On G-III Apparel Group

A number of hedge funds have recently modified their holdings of GIII. Marshall Wace LLP grew its position in G-III Apparel Group by 142.8% in the second quarter. Marshall Wace LLP now owns 351,918 shares of the textile maker’s stock valued at $9,526,000 after acquiring an additional 206,993 shares during the period. Barclays PLC grew its holdings in shares of G-III Apparel Group by 236.4% in the 3rd quarter. Barclays PLC now owns 282,661 shares of the textile maker’s stock worth $8,627,000 after purchasing an additional 198,647 shares during the last quarter. Jane Street Group LLC increased its position in shares of G-III Apparel Group by 269.9% during the 3rd quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker’s stock worth $7,665,000 after purchasing an additional 183,246 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in G-III Apparel Group by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker’s stock valued at $91,396,000 after purchasing an additional 151,425 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in G-III Apparel Group during the 3rd quarter valued at about $3,671,000. 92.13% of the stock is 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.