G-III Apparel Group (GIII) Receives Hold Rating from Barclays

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Barclays restated their hold rating on shares of G-III Apparel Group (NASDAQ:GIII) in a report released on Sunday. They currently have a $36.00 target price on the textile maker’s stock.

Several other equities analysts also recently weighed in on GIII. Zacks Investment Research downgraded G-III Apparel Group from a strong-buy rating to a hold rating in a research report on Tuesday, November 13th. BidaskClub raised G-III Apparel Group from a hold rating to a buy rating in a research report on Thursday. Piper Jaffray Companies set a $50.00 price target on G-III Apparel Group and gave the stock a buy rating in a research report on Thursday, December 6th. TheStreet downgraded G-III Apparel Group from a b- rating to a c+ rating in a research report on Thursday, December 27th. Finally, Telsey Advisory Group reissued an outperform rating and set a $47.00 price target (down previously from $54.00) on shares of G-III Apparel Group in a research report on Friday, December 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $45.91.

G-III Apparel Group stock opened at $31.95 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.54 and a debt-to-equity ratio of 0.59. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 0.77 and a beta of 0.73. G-III Apparel Group has a fifty-two week low of $25.43 and a fifty-two week high of $51.20.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Thursday, December 6th. The textile maker reported $1.88 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.07. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.08 billion. G-III Apparel Group had a return on equity of 11.60% and a net margin of 3.75%. G-III Apparel Group’s revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 earnings per share. On average, research analysts anticipate that G-III Apparel Group will post 2.75 EPS for the current year.

Several large investors have recently made changes to their positions in the company. Scout Investments Inc. grew its position in shares of G-III Apparel Group by 22.2% in the fourth quarter. Scout Investments Inc. now owns 104,425 shares of the textile maker’s stock valued at $2,912,000 after purchasing an additional 18,988 shares during the period. Csenge Advisory Group purchased a new stake in shares of G-III Apparel Group in the third quarter valued at $93,000. Vanguard Group Inc grew its position in shares of G-III Apparel Group by 10.9% in the third quarter. Vanguard Group Inc now owns 4,346,116 shares of the textile maker’s stock valued at $209,439,000 after purchasing an additional 426,960 shares during the period. Federated Investors Inc. PA purchased a new stake in shares of G-III Apparel Group in the third quarter valued at $4,689,000. Finally, Vanguard Group Inc. grew its position in shares of G-III Apparel Group by 10.9% in the third quarter. Vanguard Group Inc. now owns 4,346,116 shares of the textile maker’s stock valued at $209,439,000 after purchasing an additional 426,960 shares during the period.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, manufactures, and markets women's and men's apparel in the United States and internationally. The company operates in 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.

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Analyst Recommendations for G-III Apparel Group (NASDAQ:GIII)

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