G-III Apparel Group, Ltd. (NASDAQ:GIII) has earned an average recommendation of “Buy” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $34.90.
Several equities research analysts have recently weighed in on the company. Telsey Advisory Group upped their price target on G-III Apparel Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, December 6th. B. Riley reiterated a “buy” rating on shares of G-III Apparel Group in a research report on Wednesday, November 1st. Piper Jaffray Companies reiterated a “buy” rating on shares of G-III Apparel Group in a research report on Wednesday, January 10th. BidaskClub cut G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Finally, Cowen set a $32.00 price target on G-III Apparel Group and gave the company a “hold” rating in a research report on Thursday, November 30th.
Shares of G-III Apparel Group (NASDAQ:GIII) traded up $1.01 during trading on Friday, reaching $39.89. The company had a trading volume of 830,807 shares, compared to its average volume of 619,557. G-III Apparel Group has a fifty-two week low of $18.00 and a fifty-two week high of $40.96. The company has a market cap of $1,908.27, a PE ratio of 47.49, a P/E/G ratio of 1.72 and a beta of 0.28. The company has a quick ratio of 1.91, a current ratio of 3.52 and a debt-to-equity ratio of 0.66.
In related news, Director Bokhorst Willem Van sold 7,518 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $37.51, for a total value of $282,000.18. Following the transaction, the director now directly owns 48,667 shares in the company, valued at $1,825,499.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the completion of the transaction, the insider now owns 556,152 shares in the company, valued at $18,697,830.24. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. YorkBridge Wealth Partners LLC increased its position in shares of G-III Apparel Group by 17.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock worth $101,000 after purchasing an additional 580 shares during the last quarter. Flinton Capital Management LLC increased its position in shares of G-III Apparel Group by 87.0% in the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock worth $101,000 after purchasing an additional 1,876 shares during the last quarter. Zions Bancorporation purchased a new stake in G-III Apparel Group in the third quarter worth approximately $151,000. Invictus RG purchased a new stake in G-III Apparel Group in the third quarter worth approximately $185,000. Finally, Turner Investments LLC purchased a new stake in G-III Apparel Group in the third quarter worth approximately $218,000.
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G-III Apparel Group Company Profile
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.
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