G-III Apparel Group (NASDAQ:GIII) Stock Rating Upgraded by StockNews.com

G-III Apparel Group (NASDAQ:GIII) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Sunday.

Several other analysts also recently commented on the company. KeyCorp increased their price objective on G-III Apparel Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Barclays lifted their price target on shares of G-III Apparel Group from $23.00 to $27.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 price objective on shares of G-III Apparel Group in a report on Thursday, September 5th. Two investment 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.80.

G-III Apparel Group Stock Down 0.4 %

G-III Apparel Group stock opened at $31.71 on Friday. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 8.30 and a beta of 2.19. G-III Apparel Group has a 52-week low of $20.66 and a 52-week high of $35.68. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 2.92. The firm has a 50 day moving average price of $27.14 and a two-hundred day moving average price of $27.67.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Thursday, September 5th. The textile maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.27 by $0.25. G-III Apparel Group had a return on equity of 12.81% and a net margin of 6.04%. The business had revenue of $644.80 million during the quarter, compared to analysts’ expectations of $649.54 million. During the same quarter last year, the firm posted $0.40 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. Equities analysts predict that G-III Apparel Group will post 4.01 EPS for the current year.

Institutional Investors Weigh In On G-III Apparel Group

Several large investors have recently added to or reduced their stakes in GIII. Texas Permanent School Fund Corp lifted its position in G-III Apparel Group by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 35,618 shares of the textile maker’s stock worth $1,033,000 after buying an additional 482 shares during the last quarter. Mutual Advisors LLC boosted its stake in G-III Apparel Group by 1.0% during the first quarter. Mutual Advisors LLC now owns 49,317 shares of the textile maker’s stock worth $1,431,000 after acquiring an additional 498 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in shares of G-III Apparel Group by 1.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,809 shares of the textile maker’s stock worth $1,023,000 after purchasing an additional 516 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of G-III Apparel Group by 1.1% in the fourth quarter. Hsbc Holdings PLC now owns 48,671 shares of the textile maker’s stock worth $1,640,000 after acquiring an additional 532 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in G-III Apparel Group by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 8,317 shares of the textile maker’s stock valued at $241,000 after purchasing an additional 572 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

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.