Brokerages Set G-III Apparel Group, Ltd. (NASDAQ:GIII) Target Price at $33.33

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have received a consensus rating of “Hold” from the five ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $33.00.

A number of research analysts have issued reports on GIII shares. Telsey Advisory Group decreased their target price on G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating on the stock in a research report on Friday, March 14th. KeyCorp upped their price objective on shares of 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. UBS Group dropped their price objective on shares of G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Barclays decreased their target price on shares of G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating on the stock in a research note on Tuesday. Finally, Guggenheim increased their price target 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.

G-III Apparel Group Stock Down 3.4 %

Shares of GIII opened at $26.13 on Wednesday. The firm’s 50 day moving average is $29.22 and its 200-day moving average is $30.51. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $36.18. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1.15 billion, a PE ratio of 6.86 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, beating the consensus estimate of $0.97 by $0.30. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The company had revenue of $839.50 million during the quarter, compared to analysts’ expectations of $808.59 million. During the same period in the previous year, the company earned $0.76 EPS. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts forecast that G-III Apparel Group will post 4.16 EPS for the current year.

Institutional Trading of G-III Apparel Group

Institutional investors have recently modified their holdings of the business. AlphaQuest LLC bought a new position in G-III Apparel Group during the 4th quarter worth $49,000. Smartleaf Asset Management LLC increased its stake in shares of G-III Apparel Group by 249.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock valued at $64,000 after buying an additional 1,412 shares during the period. Public Employees Retirement System of Ohio bought a new position in shares of G-III Apparel Group during the fourth quarter worth about $68,000. Quarry LP acquired a new position in shares of G-III Apparel Group in the third quarter worth approximately $63,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in G-III Apparel Group by 93.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock valued at $92,000 after acquiring an additional 1,460 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

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.