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

G-III Apparel Group, Ltd. (NASDAQ:GIII - Get Free Report) has earned an average recommendation of "Hold" from the five research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $32.20.

A number of equities analysts have recently weighed in on GIII shares. UBS Group dropped 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 note on Tuesday, March 4th. Wall Street Zen raised shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $30.00 price target on shares of G-III Apparel Group in a research note on Friday, April 4th. Finally, 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 note on Monday, April 28th.

G-III Apparel Group Stock Up 0.4%

Shares of GIII traded up $0.12 during mid-day trading on Monday, reaching $28.63. The company's stock had a trading volume of 521,772 shares, compared to its average volume of 553,669. The business has a fifty day moving average of $26.04 and a 200 day moving average of $28.90. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 7.51 and a beta of 1.41. G-III Apparel Group has a 1 year low of $20.66 and a 1 year high of $36.18. 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 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. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business had revenue of $839.50 million for the quarter, compared to the consensus estimate of $808.59 million. During the same period in the prior year, the business posted $0.76 earnings per share. G-III Apparel Group's revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, analysts forecast that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GIII. Caitong International Asset Management Co. Ltd increased its holdings in shares of G-III Apparel Group by 5,154.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker's stock worth $32,000 after buying an additional 1,134 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of G-III Apparel Group during the fourth quarter worth approximately $49,000. Smartleaf Asset Management LLC increased its holdings in shares of G-III Apparel Group by 249.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock worth $64,000 after buying an additional 1,412 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of G-III Apparel Group during the fourth quarter worth approximately $68,000. Finally, Strs Ohio acquired a new stake in shares of G-III Apparel Group during the first quarter worth approximately $77,000. Institutional investors own 92.13% of the company's stock.

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 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.