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

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Get Free Report) have earned an average rating of "Hold" from the five brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.20.

A number of equities research analysts have issued reports on GIII shares. Telsey Advisory Group reissued 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 lowered G-III Apparel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. UBS Group reduced their price target on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. Finally, Barclays reduced their target price on shares of G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating for the company in a report on Monday.

Institutional Trading of G-III Apparel Group

Large investors have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of G-III Apparel Group by 236.4% in the 3rd quarter. Barclays PLC now owns 282,661 shares of the textile maker's stock valued at $8,627,000 after acquiring an additional 198,647 shares during the period. Virtu Financial LLC bought a new stake in G-III Apparel Group during the third quarter worth $211,000. Franklin Resources Inc. grew its holdings in 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 worth $1,682,000 after purchasing an additional 3,806 shares during the period. JPMorgan Chase & Co. raised its position 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 valued at $4,075,000 after purchasing an additional 59,718 shares during the period. Finally, Range Financial Group LLC bought a new position in shares of G-III Apparel Group during the fourth quarter worth approximately $303,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

G-III Apparel Group Price Performance

Shares of NASDAQ:GIII opened at $25.22 on Thursday. G-III Apparel Group has a twelve month low of $20.66 and a twelve month high of $36.18. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 6.62 and a beta of 1.63. The stock's 50 day moving average is $25.78 and its 200-day moving average is $29.43. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.30. The business had revenue of $839.50 million for the quarter, compared to analysts' expectations of $808.59 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The business'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 earnings per share. Sell-side analysts forecast that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

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.

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