Barclays Lowers G-III Apparel Group (NASDAQ:GIII) Price Target to $25.00

G-III Apparel Group (NASDAQ:GIII) had its target price cut by Barclays from $29.00 to $25.00 in a report published on Tuesday morning,Benzinga reports. They currently have an underweight rating on the textile maker’s stock.

A number of other equities analysts also recently weighed in on the company. UBS Group lowered their price target on G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Telsey Advisory Group reduced their target price on 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. StockNews.com cut G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Guggenheim lifted their price objective on shares of 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, KeyCorp increased their price objective 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. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.00.

G-III Apparel Group Trading Down 0.3 %

NASDAQ GIII opened at $26.65 on Tuesday. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $36.18. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $29.00 and a 200-day moving average of $30.46. The company has a market cap of $1.17 billion, a PE ratio of 6.99 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.30. The firm had revenue of $839.50 million during the quarter, compared to analysts’ expectations of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 earnings per share. On average, equities research analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Institutional Trading of G-III Apparel Group

Several institutional investors have recently added to or reduced their stakes in GIII. AlphaQuest LLC bought a new position in G-III Apparel Group during the 4th quarter worth $49,000. Smartleaf Asset Management LLC grew its stake in shares of G-III Apparel Group by 249.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 1,412 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in G-III Apparel Group during the fourth quarter worth about $68,000. Quarry LP acquired a new stake in G-III Apparel Group in the 3rd quarter worth about $63,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in G-III Apparel Group by 93.2% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock valued at $92,000 after purchasing an additional 1,460 shares during the period. 92.13% of the stock is currently owned by institutional investors.

About G-III Apparel Group

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.