G-III Apparel Group (NASDAQ:GIII) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

G-III Apparel Group, Ltd. (NASDAQ:GIII - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.58 and traded as high as $31.30. G-III Apparel Group shares last traded at $30.59, with a volume of 353,321 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GIII. StockNews.com raised G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Friday. Telsey Advisory Group restated a "market perform" rating and set a $38.00 price target on shares of G-III Apparel Group in a research report on Wednesday, December 18th. Barclays lifted their price target 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. KeyCorp increased 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. Finally, Guggenheim lifted their target price 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, G-III Apparel Group currently has an average rating of "Hold" and an average price target of $33.17.

G-III Apparel Group Price Performance

The firm's 50-day moving average price is $31.89 and its 200-day moving average price is $29.62. 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 stock has a market capitalization of $1.36 billion, a PE ratio of 8.11 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly 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. The company had revenue of $1.09 billion for 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%. The firm's revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $2.78 EPS. On average, equities analysts forecast that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

Institutional Trading of G-III Apparel Group

Several institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in G-III Apparel Group during the 2nd quarter worth about $42,000. Quarry LP purchased a new stake in shares of G-III Apparel Group in the 3rd quarter worth approximately $63,000. Point72 DIFC Ltd bought a new position in shares of G-III Apparel Group during the second quarter valued at approximately $78,000. CWM LLC increased its holdings in G-III Apparel Group by 46.8% during the third quarter. CWM LLC now owns 2,777 shares of the textile maker's stock valued at $85,000 after buying an additional 885 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in G-III Apparel Group in the third quarter worth approximately $152,000. 92.13% of the stock is currently owned by 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.