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

G-III Apparel Group, Ltd. (NASDAQ:GIII) has been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $33.17.

Several equities analysts recently weighed in on the stock. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Barclays boosted 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. 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 research note on Wednesday, December 11th. KeyCorp boosted their price target on 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. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of G-III Apparel Group in a research report on Wednesday, December 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. lifted its holdings in G-III Apparel Group by 513.2% in the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock worth $18,430,000 after purchasing an additional 472,862 shares during the period. Marshall Wace LLP raised its position in shares of G-III Apparel Group by 80.6% during the 4th quarter. Marshall Wace LLP now owns 766,068 shares of the textile maker’s stock worth $24,989,000 after buying an additional 341,870 shares in the last quarter. Barclays PLC lifted its stake 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 acquiring an additional 198,647 shares during the period. Foundry Partners LLC bought a new position in shares of G-III Apparel Group in the fourth quarter valued at approximately $6,094,000. Finally, Jane Street Group LLC increased its stake in shares of G-III Apparel Group by 269.9% during the third quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker’s stock valued at $7,665,000 after acquiring an additional 183,246 shares during the period. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Down 1.9 %

Shares of GIII opened at $29.72 on Friday. G-III Apparel Group has a fifty-two week low of $20.66 and a fifty-two week high of $36.18. The company’s fifty day moving average is $32.05 and its two-hundred day moving average is $30.23. The firm has a market cap of $1.30 billion, a PE ratio of 7.80 and a beta of 2.07. The company has a quick ratio of 1.75, a current ratio of 2.63 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 for the quarter, beating 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 firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.78 earnings per share. Analysts forecast that G-III Apparel Group will post 4.16 earnings per share 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.