G-III Apparel Group (NASDAQ:GIII) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of G-III Apparel Group (NASDAQ:GIII - Free Report) from a hold rating to a buy rating in a report published on Sunday morning.

Other analysts have also issued reports about the stock. Barclays lifted their target price on shares of G-III Apparel Group from $23.00 to $27.00 and gave the company an underweight rating in a research report on Friday, September 6th. KeyCorp increased their target price on G-III Apparel Group from $32.00 to $34.00 and gave the stock an overweight rating in a report on Friday, September 6th. Finally, Telsey Advisory Group reiterated a market perform rating and issued a $29.00 price target on shares of G-III Apparel Group in a research report on Thursday, September 5th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $28.80.

G-III Apparel Group Stock Performance

Shares of G-III Apparel Group stock traded down $0.14 during trading on Friday, reaching $31.71. The company's stock had a trading volume of 1,804,986 shares, compared to its average volume of 606,759. G-III Apparel Group has a one year low of $20.66 and a one year high of $35.68. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 8.30 and a beta of 2.19. The business's fifty day moving average price is $27.14 and its 200-day moving average price is $27.66. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.62 and a current ratio of 2.92.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings data on Thursday, September 5th. The textile maker reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.25. G-III Apparel Group had a net margin of 6.04% and a return on equity of 12.81%. The business had revenue of $644.80 million during the quarter, compared to analyst estimates of $649.54 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The firm's revenue for the quarter was down 2.3% on a year-over-year basis. As a group, equities research analysts predict that G-III Apparel Group will post 4.01 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of G-III Apparel Group during the second quarter valued at $42,000. Quest Partners LLC bought a new position in shares of G-III Apparel Group in the 4th quarter valued at about $56,000. CWM LLC boosted its stake in shares of G-III Apparel Group by 115.0% in the 2nd quarter. CWM LLC now owns 1,892 shares of the textile maker's stock valued at $51,000 after purchasing an additional 1,012 shares during the last quarter. Point72 DIFC Ltd acquired a new stake in shares of G-III Apparel Group during the 2nd quarter worth approximately $78,000. Finally, Innealta Capital LLC bought a new stake in shares of G-III Apparel Group during the second quarter worth approximately $124,000. Institutional investors and hedge funds own 92.13% of the company's stock.

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.