Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have received a consensus rating of “Hold” from the thirteen brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $29.11.
Several research firms recently commented on GIII. Wells Fargo & Co began coverage on shares of G-III Apparel Group in a research note on Monday, September 23rd. They set a “market perform” rating and a $26.00 target price for the company. Barclays began coverage on shares of G-III Apparel Group in a research note on Tuesday, November 12th. They set an “equal weight” rating and a $27.00 target price for the company. ValuEngine upgraded shares of G-III Apparel Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded shares of G-III Apparel Group from a “sell” rating to a “hold” rating and set a $30.00 price objective for the company in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus set a $22.00 price objective on shares of G-III Apparel Group and gave the company a “hold” rating in a research note on Friday, September 6th.
Hedge funds have recently made changes to their positions in the company. FTB Advisors Inc. acquired a new position in shares of G-III Apparel Group in the 2nd quarter valued at $27,000. Quadrant Capital Group LLC bought a new stake in shares of G-III Apparel Group in the 3rd quarter worth about $37,000. Tower Research Capital LLC TRC bought a new stake in shares of G-III Apparel Group in the 3rd quarter worth about $48,000. Price Wealth Management Inc. bought a new stake in shares of G-III Apparel Group in the 2nd quarter worth about $113,000. Finally, Glen Harbor Capital Management LLC grew its holdings in shares of G-III Apparel Group by 14.7% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 4,608 shares of the textile maker’s stock worth $136,000 after purchasing an additional 592 shares during the last quarter. Institutional investors own 99.74% of the company’s stock.
NASDAQ:GIII traded down $0.62 during trading hours on Wednesday, hitting $27.89. 2,223,090 shares of the company traded hands, compared to its average volume of 669,014. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 1.26 and a beta of 1.55. G-III Apparel Group has a twelve month low of $18.18 and a twelve month high of $43.98. The firm has a 50-day moving average of $27.62 and a 200 day moving average of $26.25. The company has a current ratio of 2.08, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71.
G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Thursday, September 5th. The textile maker reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $643.90 million during the quarter, compared to analysts’ expectations of $656.16 million. G-III Apparel Group had a net margin of 4.53% and a return on equity of 12.37%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 EPS. Equities research analysts predict that G-III Apparel Group will post 3.19 earnings per share for the current fiscal year.
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 in 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.
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