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

G-III Apparel Group, Ltd. (NASDAQ:GIII) has received an average recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $33.17.

Several research firms have recently commented on GIII. StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Monday, December 2nd. 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 report on Wednesday, December 11th. Barclays lifted their price objective on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, December 11th. Guggenheim raised their price target 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. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $38.00 price objective on shares of G-III Apparel Group in a report on Wednesday, December 18th.

Institutional Trading of G-III Apparel Group

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in G-III Apparel Group by 80.9% in the third quarter. JPMorgan Chase & Co. now owns 133,518 shares of the textile maker’s stock valued at $4,075,000 after acquiring an additional 59,718 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of G-III Apparel Group by 7.4% during the 3rd quarter. Franklin Resources Inc. now owns 55,131 shares of the textile maker’s stock worth $1,682,000 after purchasing an additional 3,806 shares during the last quarter. 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. Virtu Financial LLC purchased a new position in G-III Apparel Group in the third quarter valued at approximately $211,000. Finally, Geode Capital Management LLC lifted its position in shares of G-III Apparel Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock valued at $29,833,000 after buying an additional 11,196 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group Price Performance

G-III Apparel Group stock opened at $33.14 on Friday. The firm has a market cap of $1.45 billion, a P/E ratio of 8.70 and a beta of 2.14. The stock’s 50 day moving average is $31.62 and its 200 day moving average is $29.09. 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 one year low of $20.66 and a one year high of $36.18.

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

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.