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

G-III Apparel Group, LTD. (NASDAQ:GIII - Get Free Report) has been given a consensus rating of "Hold" by the five analysts that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $27.80.

GIII has been the topic of several research analyst reports. Barclays decreased their target price 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. UBS Group decreased their target price on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. KeyCorp decreased their target price 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. Wall Street Zen cut G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, Telsey Advisory Group decreased their target price on G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating on the stock in a report on Monday, June 9th.

Insider Transactions at G-III Apparel Group

In other news, Director Amigo Victor Herrero purchased 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were acquired at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the completion of the acquisition, the director directly owned 54,746 shares in the company, valued at approximately $1,201,674.70. The trade was a 10.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On G-III Apparel Group

Several hedge funds have recently added to or reduced their stakes in the company. SummerHaven Investment Management LLC boosted its holdings in G-III Apparel Group by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 29,853 shares of the textile maker's stock worth $816,000 after buying an additional 461 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its holdings in G-III Apparel Group by 18.6% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker's stock worth $117,000 after buying an additional 564 shares during the last quarter. Atria Investments Inc boosted its holdings in G-III Apparel Group by 9.1% during the fourth quarter. Atria Investments Inc now owns 8,102 shares of the textile maker's stock worth $264,000 after buying an additional 673 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in G-III Apparel Group by 5.5% during the first quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker's stock worth $454,000 after buying an additional 861 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in G-III Apparel Group by 1.3% during the fourth quarter. BNP Paribas Financial Markets now owns 79,173 shares of the textile maker's stock worth $2,583,000 after buying an additional 995 shares during the last quarter. Institutional investors own 92.13% of the company's stock.

G-III Apparel Group Stock Down 1.3%

Shares of GIII stock traded down $0.32 during trading hours on Tuesday, reaching $23.55. 172,990 shares of the company's stock were exchanged, compared to its average volume of 576,657. G-III Apparel Group has a fifty-two week low of $20.33 and a fifty-two week high of $36.18. The stock has a market capitalization of $1.02 billion, a P/E ratio of 5.45 and a beta of 1.38. The business has a fifty day moving average price of $24.77 and a 200-day moving average price of $26.81.

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