Brokerages Set G-III Apparel Group, Ltd. (NASDAQ:GIII) Price Target at $32.20

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $32.20.

A number of equities research analysts recently weighed in on the stock. Telsey Advisory Group restated a "market perform" rating and set a $30.00 price objective on shares of G-III Apparel Group in a research note on Friday, April 4th. Barclays dropped their price target on shares of G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. UBS Group decreased their price objective 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. Finally, StockNews.com cut G-III Apparel Group from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th.

G-III Apparel Group Stock Performance

NASDAQ:GIII traded up $0.05 during mid-day trading on Thursday, hitting $25.50. The stock had a trading volume of 316,514 shares, compared to its average volume of 555,476. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The company has a 50 day simple moving average of $25.65 and a 200-day simple moving average of $29.23. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 6.69 and a beta of 1.41. G-III Apparel Group has a 52 week low of $20.66 and a 52 week high of $36.18.

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

Hedge Funds Weigh In On G-III Apparel Group

Several hedge funds have recently made changes to their positions in the business. AlphaQuest LLC bought a new stake in G-III Apparel Group during the fourth quarter worth approximately $49,000. Smartleaf Asset Management LLC lifted its position in shares of G-III Apparel Group by 249.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock valued at $64,000 after acquiring an additional 1,412 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of G-III Apparel Group during the 4th quarter valued at $68,000. DekaBank Deutsche Girozentrale bought a new stake in shares of G-III Apparel Group during the 1st quarter worth $106,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of G-III Apparel Group by 18.6% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker's stock worth $117,000 after acquiring an additional 564 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company's stock.

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.