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

G-III Apparel Group, Ltd. (NASDAQ:GIII - Get Free Report) has received a consensus recommendation of "Hold" from the six ratings firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $33.17.

Several analysts have commented on GIII shares. Telsey Advisory Group restated a "market perform" rating and issued a $38.00 price objective on shares of G-III Apparel Group in a report on Wednesday, December 18th. KeyCorp raised their target price on 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. Guggenheim lifted their price target on G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. StockNews.com upgraded G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Finally, Barclays boosted their target price on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an "underweight" rating in a report on Wednesday, December 11th.

G-III Apparel Group Trading Up 0.6 %

Shares of G-III Apparel Group stock traded up $0.19 during midday trading on Friday, reaching $29.91. 36,338 shares of the company's stock traded hands, compared to its average volume of 380,693. The stock has a 50 day moving average of $32.01 and a 200-day moving average of $30.30. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $36.18. The company has a market cap of $1.31 billion, a PE ratio of 7.86 and a beta of 2.07. 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 Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the firm earned $2.78 EPS. The company's quarterly revenue was up 1.9% compared to the same quarter last year. As a group, equities analysts expect that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Institutional Trading of G-III Apparel Group

Institutional investors have recently bought and sold shares of the company. AlphaQuest LLC bought a new position in shares of G-III Apparel Group in the fourth quarter worth approximately $49,000. Quarry LP purchased a new position in G-III Apparel Group in the 3rd quarter worth approximately $63,000. Smartleaf Asset Management LLC lifted its position in G-III Apparel Group by 249.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock valued at $64,000 after acquiring an additional 1,412 shares in the last quarter. CWM LLC boosted its stake in G-III Apparel Group by 46.8% during the 3rd quarter. CWM LLC now owns 2,777 shares of the textile maker's stock valued at $85,000 after purchasing an additional 885 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its stake in G-III Apparel Group by 93.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker's stock valued at $92,000 after purchasing an additional 1,460 shares during the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

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.