G-III Apparel Group, LTD. (NASDAQ:GIII) Given Consensus Recommendation of "Hold" by Brokerages

G-III Apparel Group, LTD. (NASDAQ:GIII - Get Free Report) has earned an average recommendation of "Hold" from the five brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $27.80.

A number of research analysts recently issued reports on the company. UBS Group reduced their price objective on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. Telsey Advisory Group dropped their price objective on G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating on the stock in a research note on Monday, June 9th. Wall Street Zen cut G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. Barclays lowered their price target on G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating on the stock in a report on Monday, June 9th. Finally, KeyCorp lowered their price target on G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, June 9th.

Hedge Funds Weigh In On G-III Apparel Group

Large investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings in G-III Apparel Group by 5,154.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker's stock valued at $32,000 after acquiring an additional 1,134 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of G-III Apparel Group in the 4th quarter valued at approximately $49,000. Smartleaf Asset Management LLC grew its stake in shares of G-III Apparel Group by 249.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock valued at $64,000 after purchasing an additional 1,412 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of G-III Apparel Group in the 4th quarter valued at approximately $68,000. Finally, Strs Ohio bought a new stake in shares of G-III Apparel Group in the 1st quarter valued at approximately $77,000. Institutional investors and hedge funds own 92.13% of the company's stock.

G-III Apparel Group Stock Performance

Shares of NASDAQ GIII traded down $0.17 during trading on Friday, reaching $21.79. The stock had a trading volume of 1,377,359 shares, compared to its average volume of 570,930. G-III Apparel Group has a one year low of $20.33 and a one year high of $36.18. The stock has a market cap of $943.72 million, a PE ratio of 5.04 and a beta of 1.48. The firm's 50 day moving average price is $25.45 and its two-hundred day moving average price is $28.06.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings results on Friday, June 6th. The textile maker reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. G-III Apparel Group had a return on equity of 12.65% and a net margin of 6.20%. The business had revenue of $583.61 million during the quarter, compared to the consensus estimate of $579.48 million. During the same period in the previous year, the business earned $0.12 EPS. The business's quarterly revenue was down 4.3% 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 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.