G-III Apparel Group (NASDAQ:GIII) Downgraded by StockNews.com to "Hold"

G-III Apparel Group (NASDAQ:GIII - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday.

A number of other equities analysts have also recently weighed in on the stock. Guggenheim upped their price target on shares of 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. Barclays upped their price target on shares of 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. UBS Group lowered their price target on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note 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 stock an "overweight" rating in a research note on Wednesday, December 11th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $38.00 price target on shares of G-III Apparel Group in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, G-III Apparel Group presently has a consensus rating of "Hold" and an average price target of $33.33.

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G-III Apparel Group Stock Down 0.0 %

Shares of NASDAQ:GIII opened at $25.92 on Wednesday. The firm has a 50 day simple moving average of $29.83 and a 200-day simple moving average of $30.51. G-III Apparel Group has a twelve month low of $20.66 and a twelve month high of $36.18. The company has a market capitalization of $1.14 billion, a PE ratio of 6.80 and a beta of 2.09. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13.

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 EPS for the quarter, beating the consensus estimate of $2.26 by $0.33. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. G-III Apparel Group's revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.78 EPS. On average, equities analysts predict that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Institutional Trading of G-III Apparel Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. American Century Companies Inc. increased its stake in G-III Apparel Group by 11.8% during the fourth quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker's stock valued at $47,672,000 after purchasing an additional 153,913 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in G-III Apparel Group by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker's stock valued at $31,624,000 after purchasing an additional 6,598 shares during the last quarter. Geode Capital Management LLC increased its stake in G-III Apparel Group by 1.2% during the third 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. Prudential Financial Inc. increased its stake in G-III Apparel Group by 2.6% during the fourth quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker's stock valued at $25,197,000 after purchasing an additional 19,723 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of G-III Apparel Group by 80.6% during the fourth quarter. Marshall Wace LLP now owns 766,068 shares of the textile maker's stock valued at $24,989,000 after acquiring an additional 341,870 shares during the period. 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.

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