G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives $33.17 Consensus Price Target from Brokerages

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Get Free Report) have received an average rating of "Hold" from the six research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $33.17.

A number of equities research analysts have recently weighed in on the company. Barclays lifted their price objective on G-III Apparel Group from $27.00 to $29.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 11th. StockNews.com raised shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a research report on Monday, December 2nd. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $38.00 target price on shares of G-III Apparel Group in a research report on Wednesday, December 18th. KeyCorp boosted their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Finally, Guggenheim raised their price objective on shares of G-III Apparel Group from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th.

Hedge Funds Weigh In On G-III Apparel Group

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in G-III Apparel Group by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker's stock valued at $91,396,000 after buying an additional 151,425 shares in the last quarter. American Century Companies Inc. raised its holdings in G-III Apparel Group by 15.6% in the 2nd quarter. American Century Companies Inc. now owns 1,147,175 shares of the textile maker's stock worth $31,054,000 after acquiring an additional 155,079 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in G-III Apparel Group by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker's stock valued at $31,624,000 after acquiring an additional 6,598 shares in the last quarter. Geode Capital Management LLC boosted its stake in G-III Apparel Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker's stock valued at $29,833,000 after purchasing an additional 11,196 shares during the last quarter. Finally, LSV Asset Management increased its holdings in shares of G-III Apparel Group by 0.6% in the 2nd quarter. LSV Asset Management now owns 851,683 shares of the textile maker's stock worth $23,055,000 after purchasing an additional 5,200 shares in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Trading Down 1.2 %

NASDAQ:GIII traded down $0.40 during midday trading on Friday, reaching $32.74. 203,472 shares of the stock traded hands, compared to its average volume of 571,032. The stock has a market capitalization of $1.44 billion, a P/E ratio of 8.59 and a beta of 2.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 2.63. The company has a fifty day moving average of $31.60 and a 200 day moving average of $29.13. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, beating the consensus estimate of $2.26 by $0.33. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $2.78 earnings per share. The company's quarterly revenue was up 1.9% compared to the same quarter last year. On average, research analysts predict that G-III Apparel Group will post 4.15 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.