Barclays Cuts G-III Apparel Group (NASDAQ:GIII) Price Target to $21.00

G-III Apparel Group (NASDAQ:GIII - Free Report) had its price target trimmed by Barclays from $25.00 to $21.00 in a research note released on Monday,Benzinga reports. They currently have an underweight rating on the textile maker's stock.

GIII has been the topic of a number of other research reports. Telsey Advisory Group reissued a "market perform" rating and issued a $30.00 target price on shares of G-III Apparel Group in a report on Friday, April 4th. StockNews.com lowered shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Finally, UBS Group decreased their price target on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, G-III Apparel Group currently has an average rating of "Hold" and a consensus price target of $32.20.

G-III Apparel Group Stock Up 1.4 %

GIII stock traded up $0.36 during midday trading on Monday, hitting $25.56. The company's stock had a trading volume of 323,606 shares, compared to its average volume of 556,157. The company has a market cap of $1.12 billion, a PE ratio of 6.71 and a beta of 1.63. The firm's 50-day moving average is $25.69 and its 200-day moving average is $29.36. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $36.18. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.30. The business had revenue of $839.50 million during the quarter, compared to analyst estimates of $808.59 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. G-III Apparel Group's revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. On average, equities research analysts forecast that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On G-III Apparel Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Barclays PLC raised its stake in G-III Apparel Group by 236.4% during the 3rd quarter. Barclays PLC now owns 282,661 shares of the textile maker's stock valued at $8,627,000 after purchasing an additional 198,647 shares during the period. Virtu Financial LLC purchased a new stake in G-III Apparel Group during the 3rd quarter valued at approximately $211,000. Franklin Resources Inc. raised its position in shares of G-III Apparel Group by 7.4% during the third quarter. Franklin Resources Inc. now owns 55,131 shares of the textile maker's stock valued at $1,682,000 after buying an additional 3,806 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of G-III Apparel Group by 80.9% in the third quarter. JPMorgan Chase & Co. now owns 133,518 shares of the textile maker's stock worth $4,075,000 after buying an additional 59,718 shares in the last quarter. Finally, Range Financial Group LLC purchased a new position in G-III Apparel Group during the fourth quarter valued at $303,000. 92.13% of the stock is owned by institutional investors.

G-III Apparel Group Company Profile

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.