G-III Apparel Group (NASDAQ:GIII) Price Target Lowered to $26.00 at UBS Group

G-III Apparel Group (NASDAQ:GIII - Get Free Report) had its target price dropped by UBS Group from $29.00 to $26.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a "neutral" rating on the textile maker's stock. UBS Group's price objective would suggest a potential upside of 22.35% from the company's current price.

Other equities research analysts have also recently issued reports about the stock. Telsey Advisory Group decreased 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 report on Monday. KeyCorp decreased 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 report on Monday. Wall Street Zen upgraded shares of G-III Apparel Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 31st. Finally, Barclays decreased their price objective on shares of G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $27.80.

G-III Apparel Group Trading Down 2.4%

NASDAQ GIII traded down $0.52 on Monday, hitting $21.25. The company's stock had a trading volume of 1,172,864 shares, compared to its average volume of 570,318. 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 has a 1-year low of $20.66 and a 1-year high of $36.18. The company's 50-day moving average is $25.82 and its 200 day moving average is $28.54. The firm has a market cap of $932.51 million, a PE ratio of 5.58 and a beta of 1.48.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings results on Friday, June 6th. The textile maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm had revenue of $583.61 million during the quarter, compared to analysts' expectations of $579.48 million. During the same period in the prior year, the company posted $0.12 EPS. The company's revenue was down 4.3% on a year-over-year basis. As a group, analysts predict that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On G-III Apparel Group

A number of large investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its holdings in G-III Apparel Group by 11.1% in the first quarter. American Century Companies Inc. now owns 1,624,350 shares of the textile maker's stock worth $44,426,000 after purchasing an additional 162,904 shares during the period. Millennium Management LLC grew its holdings in G-III Apparel Group by 139.3% in the first quarter. Millennium Management LLC now owns 953,185 shares of the textile maker's stock worth $26,070,000 after purchasing an additional 554,933 shares during the period. LSV Asset Management grew its holdings in G-III Apparel Group by 13.2% in the first quarter. LSV Asset Management now owns 846,904 shares of the textile maker's stock worth $23,163,000 after purchasing an additional 98,923 shares during the period. Prudential Financial Inc. grew its holdings in G-III Apparel Group by 2.6% in the fourth quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker's stock worth $25,197,000 after purchasing an additional 19,723 shares during the period. Finally, Marshall Wace LLP grew its holdings in G-III Apparel Group by 80.6% in the fourth quarter. Marshall Wace LLP now owns 766,068 shares of the textile maker's stock worth $24,989,000 after purchasing an additional 341,870 shares during the period. 92.13% of the stock is currently owned by institutional investors and hedge funds.

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.