G-III Apparel Group (NASDAQ:GIII) Price Target Cut to $25.00 by Analysts at Barclays

G-III Apparel Group (NASDAQ:GIII) had its price target cut by Barclays from $29.00 to $25.00 in a report issued on Tuesday,Benzinga reports. They currently have an underweight rating on the textile maker’s stock.

GIII has been the subject of a number of other reports. Telsey Advisory Group cut their price objective on G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating for the company in a research report on Friday, March 14th. KeyCorp boosted their price objective 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. StockNews.com cut G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. Guggenheim boosted their price target 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, UBS Group dropped their price target on G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $33.00.

G-III Apparel Group Trading Down 3.4 %

Shares of NASDAQ:GIII opened at $26.13 on Tuesday. The company has a market capitalization of $1.15 billion, a PE ratio of 6.86 and a beta of 2.09. G-III Apparel Group has a 12-month low of $20.66 and a 12-month high of $36.18. The business has a 50 day moving average of $29.22 and a two-hundred day moving average of $30.51. 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 posted its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.30. The business had revenue of $839.50 million during the quarter, compared to analysts’ expectations of $808.59 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The business’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. As a group, analysts forecast that G-III Apparel Group will post 4.16 EPS for the current year.

Institutional Trading of G-III Apparel Group

Several large investors have recently made changes to their positions in GIII. New York State Common Retirement Fund boosted its stake in G-III Apparel Group by 46.6% during the fourth quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker’s stock worth $1,438,000 after buying an additional 14,016 shares during the last quarter. Vestcor Inc boosted its stake in G-III Apparel Group by 197.7% during the third quarter. Vestcor Inc now owns 31,323 shares of the textile maker’s stock worth $956,000 after buying an additional 20,800 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in G-III Apparel Group by 80.9% during the third quarter. JPMorgan Chase & Co. now owns 133,518 shares of the textile maker’s stock worth $4,075,000 after buying an additional 59,718 shares during the last quarter. Geode Capital Management LLC boosted its stake in G-III Apparel Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock worth $29,833,000 after buying an additional 11,196 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in G-III Apparel Group by 513.2% during the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock worth $18,430,000 after buying an additional 472,862 shares during the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

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.