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

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

GIII has been the topic of a number of other research reports. KeyCorp raised their target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Telsey Advisory Group reduced their price objective on shares of G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating for the company in a research note on Friday, March 14th. Barclays dropped their target price on G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 18th. Guggenheim boosted their price target on G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, UBS Group decreased their price objective on 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. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $33.00.

G-III Apparel Group Stock Performance

Shares of NASDAQ:GIII opened at $27.34 on Wednesday. The firm’s 50 day simple moving average is $28.61 and its 200-day simple moving average is $30.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. G-III Apparel Group has a one year low of $20.66 and a one year high of $36.18. The firm has a market cap of $1.20 billion, a PE ratio of 7.18 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping the consensus estimate of $0.97 by $0.30. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The company had revenue of $839.50 million for the quarter, compared to the consensus estimate of $808.59 million. During the same period last year, the business posted $0.76 EPS. G-III Apparel Group’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts predict that G-III Apparel Group will post 4.16 EPS for the current year.

Institutional Trading of G-III Apparel Group

A number of institutional investors have recently made changes to their positions in the business. American Century Companies Inc. increased its position in G-III Apparel Group by 11.8% during the 4th quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker’s stock valued at $47,672,000 after buying an additional 153,913 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of G-III Apparel Group by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker’s stock valued at $31,624,000 after acquiring an additional 6,598 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of G-III Apparel Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock valued at $29,833,000 after acquiring an additional 11,196 shares in the last quarter. Prudential Financial Inc. boosted its stake in G-III Apparel Group by 2.6% in the 4th quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker’s stock worth $25,197,000 after purchasing an additional 19,723 shares in the last quarter. Finally, Marshall Wace LLP grew its position in G-III Apparel Group by 80.6% during the 4th quarter. Marshall Wace LLP now owns 766,068 shares of the textile maker’s stock worth $24,989,000 after purchasing an additional 341,870 shares during the last quarter. 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.