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 received a consensus rating of "Hold" from the five ratings firms that are covering the firm, MarketBeat reports. One 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 12-month price target among analysts that have covered the stock in the last year is $32.20.

Several brokerages have issued reports on GIII. 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. Barclays dropped their price objective 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. UBS Group decreased their target price 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. Finally, Telsey Advisory Group restated a "market perform" rating and set a $30.00 target price on shares of G-III Apparel Group in a research report on Friday, April 4th.

Institutional Investors Weigh In On G-III Apparel Group

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd grew its stake 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 during the last quarter. AlphaQuest LLC purchased a new position in shares of G-III Apparel Group during the 4th quarter worth about $49,000. Smartleaf Asset Management LLC lifted its holdings 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 worth $64,000 after acquiring an additional 1,412 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of G-III Apparel Group during the 4th quarter worth about $68,000. Finally, Quarry LP increased its position in G-III Apparel Group by 176.1% during the 1st quarter. Quarry LP now owns 3,073 shares of the textile maker's stock worth $84,000 after purchasing an additional 1,960 shares in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Stock Performance

Shares of G-III Apparel Group stock traded up $1.24 during trading on Monday, reaching $28.51. The company's stock had a trading volume of 305,073 shares, compared to its average volume of 553,797. The company has a 50-day moving average price of $26.04 and a two-hundred day moving average price of $28.90. The firm has a market cap of $1.25 billion, a PE ratio of 7.48 and a beta of 1.41. G-III Apparel Group has a fifty-two week low of $20.66 and a fifty-two week 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 announced its earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 5.59% and a return on equity of 11.66%. The company's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. On average, analysts forecast that G-III Apparel Group will post 4.16 EPS 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.