G-III Apparel Group, LTD. (NASDAQ:GIII) Earns “Buy” Rating from Buckingham Research

G-III Apparel Group, LTD. (NASDAQ:GIII)‘s stock had its “buy” rating reissued by equities research analysts at Buckingham Research in a report issued on Thursday, September 7th. They presently have a $35.00 target price on the textile maker’s stock, up from their prior target price of $30.00. Buckingham Research’s price objective suggests a potential upside of 16.67% from the company’s previous close.

GIII has been the topic of a number of other research reports. BidaskClub raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Cowen and Company upped their price objective on G-III Apparel Group, LTD. from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 7th. FBR & Co reaffirmed an “outperform” rating and set a $33.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Tuesday, July 11th. Wunderlich reaffirmed a “buy” rating and set a $33.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Tuesday, June 6th. Finally, ValuEngine upgraded shares of G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.82.

G-III Apparel Group, LTD. (NASDAQ GIII) opened at 30.00 on Thursday. The stock has a market capitalization of $1.46 billion, a PE ratio of 45.59 and a beta of 0.26. The company’s 50 day moving average price is $26.92 and its 200-day moving average price is $24.31. G-III Apparel Group, LTD. has a one year low of $18.00 and a one year high of $32.98.

G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its quarterly earnings data on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.11. G-III Apparel Group, LTD. had a return on equity of 4.65% and a net margin of 1.23%. The business had revenue of $538.00 million for the quarter, compared to analyst estimates of $522.45 million. During the same quarter in the prior year, the company earned $0.01 earnings per share. The company’s revenue was up 21.6% on a year-over-year basis. Analysts expect that G-III Apparel Group, LTD. will post $1.35 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of GIII. Teachers Advisors LLC raised its holdings in G-III Apparel Group, LTD. by 2.3% during the fourth quarter. Teachers Advisors LLC now owns 70,897 shares of the textile maker’s stock worth $2,096,000 after purchasing an additional 1,623 shares in the last quarter. Bank of Montreal Can raised its holdings in G-III Apparel Group, LTD. by 1,058.4% during the first quarter. Bank of Montreal Can now owns 18,731 shares of the textile maker’s stock worth $410,000 after purchasing an additional 17,114 shares in the last quarter. Capstone Asset Management Co. raised its holdings in G-III Apparel Group, LTD. by 3.6% during the first quarter. Capstone Asset Management Co. now owns 16,855 shares of the textile maker’s stock worth $369,000 after purchasing an additional 579 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in G-III Apparel Group, LTD. by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the textile maker’s stock worth $390,000 after purchasing an additional 200 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in G-III Apparel Group, LTD. by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 4,830 shares of the textile maker’s stock worth $105,000 after purchasing an additional 80 shares in the last quarter. 99.38% of the stock is owned by hedge funds and other institutional investors.

About G-III Apparel Group, LTD.

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.

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

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