Brokerages Set G-III Apparel Group, Ltd. (NASDAQ:GIII) Target Price at $33.17

G-III Apparel Group, Ltd. (NASDAQ:GIII - Get Free Report) has been given a consensus rating of "Hold" by the six research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $33.17.

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

G-III Apparel Group Stock Performance

NASDAQ:GIII traded up $0.45 during mid-day trading on Tuesday, hitting $31.36. 344,355 shares of the company traded hands, compared to its average volume of 349,371. The stock's fifty day moving average price is $31.88 and its 200-day moving average price is $29.69. G-III Apparel Group has a one year low of $20.66 and a one year high of $36.18. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 8.23 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its quarterly earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.33. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company posted $2.78 earnings per share. G-III Apparel Group's revenue for the quarter was up 1.9% on a year-over-year basis. Research analysts anticipate that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Institutional Trading of G-III Apparel Group

Several hedge funds and other institutional investors have recently bought and sold shares of GIII. Dimensional Fund Advisors LP boosted its position in shares of G-III Apparel Group by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker's stock worth $91,396,000 after purchasing an additional 151,425 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of 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 worth $31,624,000 after purchasing an additional 6,598 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of G-III Apparel Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker's stock worth $29,833,000 after purchasing an additional 11,196 shares in the last quarter. Marshall Wace LLP boosted its position in shares of G-III Apparel Group by 142.8% in the 2nd quarter. Marshall Wace LLP now owns 351,918 shares of the textile maker's stock worth $9,526,000 after purchasing an additional 206,993 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its position in shares of G-III Apparel Group by 0.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 329,720 shares of the textile maker's stock worth $10,063,000 after purchasing an additional 1,860 shares in the last quarter. Institutional investors own 92.13% of the company's stock.

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.