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

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been given a consensus rating of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. Two equities research 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 target price among brokerages that have covered the stock in the last year is $33.17.

Several research firms have commented on GIII. KeyCorp lifted their target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Guggenheim lifted their target price 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. Barclays lifted their price target on shares of G-III Apparel Group from $27.00 to $29.00 and gave the stock an “underweight” rating in a report on Wednesday, December 11th. StockNews.com raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 price target on shares of G-III Apparel Group in a report on Wednesday, December 18th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of GIII. AlphaQuest LLC purchased a new stake in shares of G-III Apparel Group during the fourth quarter worth about $49,000. Quarry LP purchased a new stake in G-III Apparel Group in the third quarter worth about $63,000. Smartleaf Asset Management LLC lifted its holdings in G-III Apparel Group by 249.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock worth $64,000 after buying an additional 1,412 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in G-III Apparel Group in the fourth quarter worth about $68,000. Finally, CWM LLC lifted its holdings in G-III Apparel Group by 46.8% in the third quarter. CWM LLC now owns 2,777 shares of the textile maker’s stock worth $85,000 after buying an additional 885 shares during the period. 92.13% of the stock is owned by institutional investors.

G-III Apparel Group Stock Performance

Shares of G-III Apparel Group stock opened at $28.16 on Friday. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $31.50 and a two-hundred day moving average price of $30.34. G-III Apparel Group has a 1-year low of $20.66 and a 1-year high of $36.18. The company has a market cap of $1.24 billion, a P/E ratio of 7.39 and a beta of 2.07.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, beating the consensus estimate of $2.26 by $0.33. The company had revenue of $1.09 billion during 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 revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business posted $2.78 EPS. As a group, analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current year.

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.