G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives Average Recommendation of “Hold” from Brokerages

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been assigned a consensus rating of “Hold” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $33.17.

GIII has been the topic of a number of recent analyst reports. StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Friday. Barclays upped their price objective on G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday, December 11th. Telsey Advisory Group reissued a “market perform” rating and issued a $38.00 target price on shares of G-III Apparel Group in a research 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 research report on Wednesday, December 11th. Finally, Guggenheim increased their price target 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.

Hedge Funds Weigh In On G-III Apparel Group

A number of large investors have recently modified their holdings of GIII. Guidance Capital Inc. grew its position in G-III Apparel Group by 2.0% during the third quarter. Guidance Capital Inc. now owns 16,861 shares of the textile maker’s stock worth $563,000 after buying an additional 331 shares in the last quarter. CWM LLC increased its holdings in shares of G-III Apparel Group by 46.8% in the 3rd 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 last quarter. Sanctuary Advisors LLC increased its holdings in shares of G-III Apparel Group by 8.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 14,564 shares of the textile maker’s stock worth $439,000 after buying an additional 1,126 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position in shares of G-III Apparel Group by 93.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock valued at $92,000 after buying an additional 1,460 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of G-III Apparel Group by 0.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 329,720 shares of the textile maker’s stock worth $10,063,000 after acquiring an additional 1,860 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group Price Performance

GIII opened at $30.91 on Tuesday. G-III Apparel Group has a 1 year low of $20.66 and a 1 year high of $36.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 8.11 and a beta of 2.09. The firm’s fifty day moving average price is $31.88 and its two-hundred day moving average price is $29.69.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.26 by $0.33. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $2.78 EPS. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, analysts anticipate that G-III Apparel Group will post 4.16 earnings per share for the current fiscal 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.