Analysts Set G-III Apparel Group, Ltd. (NASDAQ:GIII) Price Target at $27.60

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been given an average recommendation of “Reduce” by the five research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $27.60.

GIII has been the topic of a number of recent analyst reports. Telsey Advisory Group restated a “market perform” rating and set a $29.00 price target on shares of G-III Apparel Group in a research report on Monday, June 3rd. StockNews.com lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th.

G-III Apparel Group Stock Performance

Shares of GIII stock opened at $24.05 on Tuesday. The company’s fifty day simple moving average is $27.12 and its 200-day simple moving average is $28.54. G-III Apparel Group has a 52 week low of $18.47 and a 52 week high of $35.68. The company has a current ratio of 3.79, a quick ratio of 2.62 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.08 billion, a PE ratio of 6.30 and a beta of 2.24.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, June 6th. The textile maker reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.17. G-III Apparel Group had a net margin of 5.76% and a return on equity of 12.75%. The company had revenue of $609.75 million during the quarter, compared to analyst estimates of $615.10 million. As a group, equities research analysts anticipate that G-III Apparel Group will post 3.63 EPS for the current year.

Institutional Trading of G-III Apparel Group

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in G-III Apparel Group by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,046,803 shares of the textile maker’s stock valued at $146,408,000 after purchasing an additional 292,668 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in G-III Apparel Group by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,777,980 shares of the textile maker’s stock worth $94,396,000 after acquiring an additional 145,232 shares during the last quarter. LSV Asset Management boosted its stake in shares of G-III Apparel Group by 0.7% in the 4th quarter. LSV Asset Management now owns 874,483 shares of the textile maker’s stock valued at $29,715,000 after purchasing an additional 5,700 shares during the last quarter. Norges Bank bought a new position in shares of G-III Apparel Group in the 4th quarter valued at about $9,440,000. Finally, F M Investments LLC bought a new position in shares of G-III Apparel Group in the 2nd quarter valued at about $6,796,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

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.