G-III Apparel Group, LTD. (NASDAQ:GIII) Receives Consensus Rating of "Hold" from Analysts

G-III Apparel Group, LTD. (NASDAQ:GIII - Get Free Report) has been given an average recommendation of "Hold" by 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 issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $27.80.

Several analysts recently commented on GIII shares. KeyCorp reduced their price objective on shares of G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Telsey Advisory Group reduced their price objective on shares of G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating for the company in a research note on Monday, June 9th. Wall Street Zen cut shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 14th. UBS Group reduced their price objective on shares of G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Finally, Barclays reduced their price target on shares of 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.

Insider Activity at G-III Apparel Group

In other news, Director Amigo Victor Herrero purchased 5,000 shares of G-III Apparel Group stock in a transaction that occurred on Tuesday, June 24th. The stock was acquired at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the transaction, the director owned 54,746 shares in the company, valued at $1,201,674.70. The trade was a 10.05% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 13.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GIII. GAMMA Investing LLC grew its holdings in G-III Apparel Group by 3,366.6% in the 1st quarter. GAMMA Investing LLC now owns 23,330 shares of the textile maker's stock valued at $638,000 after buying an additional 22,657 shares during the last quarter. Phocas Financial Corp. grew its holdings in shares of G-III Apparel Group by 84.4% during the 4th quarter. Phocas Financial Corp. now owns 234,020 shares of the textile maker's stock worth $7,634,000 after purchasing an additional 107,082 shares in the last quarter. CX Institutional acquired a new stake in shares of G-III Apparel Group during the 1st quarter worth approximately $2,571,000. Janney Montgomery Scott LLC grew its holdings in shares of G-III Apparel Group by 5.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker's stock worth $454,000 after purchasing an additional 861 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in shares of G-III Apparel Group by 15.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 20,617 shares of the textile maker's stock worth $564,000 after purchasing an additional 2,831 shares in the last quarter. 92.13% of the stock is owned by institutional investors.

G-III Apparel Group Trading Down 0.1%

Shares of NASDAQ:GIII opened at $23.94 on Tuesday. G-III Apparel Group has a 52 week low of $20.33 and a 52 week high of $36.18. The company's 50 day moving average is $24.96 and its two-hundred day moving average is $26.99. The company has a market cap of $1.04 billion, a PE ratio of 5.54 and a beta of 1.38.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its earnings results on Friday, June 6th. The textile maker reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The firm had revenue of $583.61 million for the quarter, compared to the consensus estimate of $579.48 million. G-III Apparel Group had a net margin of 6.20% and a return on equity of 12.65%. The company's revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.12 EPS. As a group, equities research analysts expect that G-III Apparel Group will post 4.16 EPS for the current year.

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.

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