Brokerages Set G-III Apparel Group, Ltd. (NASDAQ:GIII) Price Target at $33.33

G-III Apparel Group, Ltd. (NASDAQ:GIII) has been assigned a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $33.00.

GIII has been the subject of several research analyst reports. KeyCorp boosted their price objective on 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. Guggenheim upped 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 report on Wednesday, December 11th. StockNews.com lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Telsey Advisory Group reduced their target price 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. Finally, Barclays dropped their price target on G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating on the stock in a research note on Tuesday.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. increased its position in shares of G-III Apparel Group by 18.6% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker’s stock worth $117,000 after purchasing an additional 564 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in G-III Apparel Group by 4.3% during the fourth quarter. Sanctuary Advisors LLC now owns 15,195 shares of the textile maker’s stock worth $500,000 after buying an additional 631 shares during the last quarter. Vestcor Inc increased its holdings in G-III Apparel Group by 2.1% during the fourth quarter. Vestcor Inc now owns 31,988 shares of the textile maker’s stock worth $1,043,000 after buying an additional 665 shares during the last quarter. Atria Investments Inc lifted its stake in G-III Apparel Group by 9.1% in the fourth quarter. Atria Investments Inc now owns 8,102 shares of the textile maker’s stock valued at $264,000 after acquiring an additional 673 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in G-III Apparel Group by 1.3% during the fourth quarter. BNP Paribas Financial Markets now owns 79,173 shares of the textile maker’s stock worth $2,583,000 after purchasing an additional 995 shares during the period. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Trading Down 3.4 %

GIII opened at $26.13 on Wednesday. The firm’s fifty day moving average is $29.22 and its two-hundred day moving average is $30.51. The firm has a market cap of $1.15 billion, a PE ratio of 6.86 and a beta of 2.09. G-III Apparel Group has a twelve month low of $20.66 and a twelve month high of $36.18. 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 (NASDAQ:GIII) last issued 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 business had revenue of $839.50 million for the quarter, compared to the consensus estimate of $808.59 million. During the same quarter last year, the business posted $0.76 EPS. The firm’s revenue was up 9.8% compared to the same quarter last year. Equities research analysts anticipate that G-III Apparel Group will post 4.16 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.