G-III Apparel Group, Ltd. (NASDAQ:GIII) Given Average Rating of “Hold” by Brokerages

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been given an average recommendation of “Hold” by the five analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $33.00.

Several research analysts have recently issued reports on GIII shares. Barclays lowered their price objective on G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating for the company in a research report on Tuesday, March 18th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 price target on shares of G-III Apparel Group in a report on Friday, April 4th. StockNews.com cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, UBS Group lowered their target price on shares of G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th.

G-III Apparel Group Stock Down 0.5 %

GIII stock opened at $24.67 on Friday. G-III Apparel Group has a fifty-two week low of $20.66 and a fifty-two week high of $36.18. The company’s 50 day moving average price is $27.04 and its 200 day moving average price is $29.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 6.48 and a beta of 1.63.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.30. The business had revenue of $839.50 million for the quarter, compared to analyst estimates 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 was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. On average, equities research analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Institutional Investors Weigh In On G-III Apparel Group

Several large investors have recently modified their holdings of the company. AlphaQuest LLC purchased a new stake in G-III Apparel Group in the 4th quarter valued at $49,000. Quarry LP purchased a new stake in shares of G-III Apparel Group in the third quarter valued at about $63,000. Smartleaf Asset Management LLC grew its holdings in shares of G-III Apparel Group by 249.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock worth $64,000 after buying an additional 1,412 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in G-III Apparel Group in the 4th quarter valued at about $68,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position 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 acquiring an additional 1,460 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.

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.