G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives $33.00 Consensus PT from Analysts

G-III Apparel Group, Ltd. (NASDAQ:GIII - Get Free Report) has been assigned a consensus rating of "Hold" from the five research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $33.00.

A number of brokerages have recently issued reports on GIII. Barclays reduced their price objective on G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating for the company in a report on Tuesday, March 18th. Guggenheim upped their price objective on G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. UBS Group dropped their target price on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. KeyCorp upped 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 note on Wednesday, December 11th. Finally, StockNews.com cut shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a research note on Wednesday.

G-III Apparel Group Stock Performance

GIII traded down $0.35 during trading hours on Friday, reaching $24.79. The company's stock had a trading volume of 838,186 shares, compared to its average volume of 550,676. The company's 50-day moving average is $27.15 and its 200-day moving average is $29.94. G-III Apparel Group has a 52 week low of $20.66 and a 52 week high of $36.18. The firm has a market cap of $1.09 billion, a PE ratio of 6.51 and a beta of 1.63. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.30. The company had revenue of $839.50 million for the quarter, compared to analyst estimates 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 revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 earnings per share. On average, equities analysts forecast that G-III Apparel Group will post 4.16 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Verition Fund Management LLC acquired a new position in shares of G-III Apparel Group in the 3rd quarter valued at approximately $904,000. Point72 Asia Singapore Pte. Ltd. increased its stake in G-III Apparel Group by 93.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker's stock valued at $92,000 after acquiring an additional 1,460 shares during the last quarter. Point72 Asset Management L.P. raised its position in G-III Apparel Group by 102.2% during the third quarter. Point72 Asset Management L.P. now owns 180,000 shares of the textile maker's stock valued at $5,494,000 after purchasing an additional 90,993 shares in the last quarter. Point72 DIFC Ltd lifted its stake in G-III Apparel Group by 103.2% during the third quarter. Point72 DIFC Ltd now owns 5,821 shares of the textile maker's stock worth $178,000 after purchasing an additional 2,957 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of G-III Apparel Group in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 92.13% of the company's stock.

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.