G-III Apparel Group (NASDAQ:GIII) Price Target Lowered to $32.00 at UBS Group

G-III Apparel Group (NASDAQ:GIII - Get Free Report) had its price objective reduced by equities research analysts at UBS Group from $37.00 to $32.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the textile maker's stock. UBS Group's price objective would suggest a potential upside of 21.07% from the company's current price.

Other research analysts also recently issued research reports about the company. KeyCorp upped their price objective 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. 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 downgraded G-III Apparel Group from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd. 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 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 company an "underweight" rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, G-III Apparel Group currently has an average rating of "Hold" and a consensus target price of $33.33.

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G-III Apparel Group Price Performance

NASDAQ GIII traded down $0.14 during trading on Tuesday, hitting $26.43. 611,206 shares of the company's stock were exchanged, compared to its average volume of 446,232. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The company has a market cap of $1.16 billion, a PE ratio of 6.94 and a beta of 2.09. G-III Apparel Group has a fifty-two week low of $20.66 and a fifty-two week high of $36.18. The stock's 50 day moving average price is $30.22 and its two-hundred day moving average price is $30.45.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its earnings results on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, topping 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 firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm earned $2.78 earnings per share. The business's quarterly revenue was up 1.9% on a year-over-year basis. Research analysts expect that G-III Apparel Group will post 4.16 EPS for the current year.

Institutional Trading of G-III Apparel Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vestcor Inc boosted its holdings in shares of G-III Apparel Group by 197.7% during the 3rd quarter. Vestcor Inc now owns 31,323 shares of the textile maker's stock worth $956,000 after buying an additional 20,800 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of G-III Apparel Group by 80.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,518 shares of the textile maker's stock worth $4,075,000 after buying an additional 59,718 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 worth $29,833,000 after buying an additional 11,196 shares in the last quarter. New York State Common Retirement Fund boosted its holdings in shares of G-III Apparel Group by 46.6% during the 4th quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker's stock worth $1,438,000 after buying an additional 14,016 shares in the last quarter. Finally, EMC Capital Management boosted its holdings in shares of G-III Apparel Group by 345.5% during the 4th quarter. EMC Capital Management now owns 11,965 shares of the textile maker's stock worth $390,000 after buying an additional 9,279 shares in the last quarter. Institutional investors and hedge funds 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.