G-III Apparel Group's (GIII) Market Perform Rating Reaffirmed at Telsey Advisory Group

G-III Apparel Group (NASDAQ:GIII - Get Free Report)'s stock had its "market perform" rating reissued by Telsey Advisory Group in a research note issued on Friday,Benzinga reports. They currently have a $30.00 target price on the textile maker's stock. Telsey Advisory Group's price objective indicates a potential upside of 19.05% from the company's current price.

GIII has been the topic of several other reports. Guggenheim raised their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. KeyCorp upped their target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an "overweight" rating in a research report 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 for the company in a research report on Tuesday, March 4th. Barclays reduced their price objective on shares of G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 18th. Finally, StockNews.com upgraded shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $33.00.

G-III Apparel Group Price Performance

G-III Apparel Group stock traded up $2.69 during mid-day trading on Friday, hitting $25.20. 296,115 shares of the company were exchanged, compared to its average volume of 546,927. The company has a market capitalization of $1.11 billion, a PE ratio of 6.59 and a beta of 1.63. The business has a fifty day moving average of $27.52 and a 200 day moving average of $30.07. G-III Apparel Group has a 1-year low of $20.66 and a 1-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.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.30. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business had revenue of $839.50 million during the quarter, compared to analysts' expectations of $808.59 million. During the same quarter last year, the company posted $0.76 EPS. The firm's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that G-III Apparel Group will post 4.16 earnings per share for the current year.

Institutional Trading of G-III Apparel Group

A number of institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund lifted its stake in G-III Apparel Group by 46.6% in the 4th quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker's stock valued at $1,438,000 after acquiring an additional 14,016 shares in the last quarter. Vestcor Inc boosted its holdings in G-III Apparel Group by 197.7% during the third quarter. Vestcor Inc now owns 31,323 shares of the textile maker's stock worth $956,000 after purchasing an additional 20,800 shares during the last quarter. JPMorgan Chase & Co. grew its position in G-III Apparel Group by 80.9% in the third quarter. JPMorgan Chase & Co. now owns 133,518 shares of the textile maker's stock valued at $4,075,000 after purchasing an additional 59,718 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of G-III Apparel Group by 513.2% during the 4th quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker's stock worth $18,430,000 after buying an additional 472,862 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings 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 worth $29,833,000 after acquiring an additional 11,196 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors.

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.