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

G-III Apparel Group, Ltd. (NASDAQ:GIII) has earned an average recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $33.17.

GIII has been the subject of several recent analyst reports. Telsey Advisory Group reissued a “market perform” rating and issued a $38.00 price objective on shares of G-III Apparel Group in a report on Wednesday, December 18th. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 2nd. 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. Barclays raised their price objective on G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research report on Wednesday, December 11th. Finally, Guggenheim boosted their target price on G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th.

Institutional Trading of G-III Apparel Group

A number of institutional investors have recently modified their holdings of GIII. Guidance Capital Inc. boosted its position in shares of G-III Apparel Group by 2.0% during the 3rd quarter. Guidance Capital Inc. now owns 16,861 shares of the textile maker’s stock worth $563,000 after acquiring an additional 331 shares in the last quarter. CWM LLC increased its stake 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 valued at $85,000 after purchasing an additional 885 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in shares of G-III Apparel Group by 8.4% during 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted 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 worth $92,000 after buying an additional 1,460 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its stake in G-III Apparel Group by 0.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 329,720 shares of the textile maker’s stock valued at $10,063,000 after buying an additional 1,860 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group Price Performance

Shares of GIII opened at $33.14 on Friday. The stock has a 50 day simple moving average of $31.62 and a 200 day simple moving average of $29.09. G-III Apparel Group has a 52-week low of $20.66 and a 52-week high of $36.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 2.63. The firm has a market capitalization of $1.45 billion, a PE ratio of 8.70 and a beta of 2.14.

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 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 net margin of 5.59% and a return on equity of 11.66%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 earnings per share. Sell-side analysts predict that G-III Apparel Group will post 4.15 EPS for the current fiscal year.

About G-III Apparel Group

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.