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

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat Ratings reports. Two research analysts have 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 1-year price target among analysts that have updated their coverage on the stock in the last year is $33.17.

Several brokerages recently weighed in on GIII. Barclays boosted their target price on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday, December 11th. Guggenheim boosted their price objective on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Telsey Advisory Group restated a “market perform” rating and set a $38.00 target price on shares of G-III Apparel Group in a research report on Wednesday, December 18th. StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Monday, December 2nd. Finally, KeyCorp increased their price target on G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th.

G-III Apparel Group Stock Down 1.8 %

GIII stock opened at $32.02 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.80. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $36.18. The firm has a market capitalization of $1.41 billion, a PE ratio of 8.40 and a beta of 2.14. The company’s 50 day simple moving average is $31.70 and its 200-day simple moving average is $29.29.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.33. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the firm earned $2.78 EPS. G-III Apparel Group’s quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts expect that G-III Apparel Group will post 4.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On G-III Apparel Group

A number of hedge funds have recently made changes to their positions in the stock. Guidance Capital Inc. raised its position in shares of G-III Apparel Group by 2.0% in the 3rd quarter. Guidance Capital Inc. now owns 16,861 shares of the textile maker’s stock worth $563,000 after buying an additional 331 shares during the period. CWM LLC raised its holdings 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 worth $85,000 after purchasing an additional 885 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of G-III Apparel Group by 8.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 14,564 shares of the textile maker’s stock worth $439,000 after purchasing an additional 1,126 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of G-III Apparel Group by 93.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock valued at $92,000 after purchasing an additional 1,460 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in shares of G-III Apparel Group by 0.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 329,720 shares of the textile maker’s stock worth $10,063,000 after purchasing an additional 1,860 shares during the period. Institutional investors and hedge funds 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.