G-III Apparel Group (NASDAQ:GIII) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Friday, ARN reports. The firm currently has a $70.30 price objective on the stock. Zacks‘ price target points to a potential upside of 2.91% from the company’s current price.
A number of other firms have also recently commented on GIII. Analysts at Telsey Advisory Group raised their price target on shares of G-III Apparel Group from $60.00 to $72.00 in a research note to investors on Thursday. They now have a “not rated” rating on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note to investors on Monday, November 4th. Finally, analysts at Sidoti downgraded shares of G-III Apparel Group from a “buy” rating to a “neutral” rating in a research note to investors on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. G-III Apparel Group presently has an average rating of “Buy” and a consensus price target of $64.86.
Shares of G-III Apparel Group (NASDAQ:GIII) traded up 0.22% on Friday, hitting $68.46. 157,397 shares of the company’s stock traded hands. G-III Apparel Group has a 1-year low of $31.52 and a 1-year high of $68.83. The stock’s 50-day moving average is $57.71 and its 200-day moving average is $51.91. The company has a market cap of $1.396 billion and a P/E ratio of 22.93.
G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Wednesday, December 4th. The company reported $2.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.61 by $0.27. The company had revenue of $668.70 million for the quarter, compared to the consensus estimate of $629.28 million. During the same quarter last year, the company posted $2.37 earnings per share. G-III Apparel Group’s revenue was up 23.0% compared to the same quarter last year. On average, analysts predict that G-III Apparel Group will post $3.40 earnings per share for the current fiscal year.
G-III Apparel Group, Ltd. (NASDAQ:GIII) designs, manufactures and markets a range of apparel, including outerwear, dresses, sportswear, women’s suits and women’s performance wear, as well as luggage and women’s handbags, small leather goods and cold weather accessories.
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