G-III Apparel Group (NASDAQ:GIII) Upgraded 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 released on Friday.

A number of other equities analysts also recently commented on GIII. Telsey Advisory Group reiterated a "market perform" rating and set a $38.00 price objective on shares of G-III Apparel Group in a research report on Wednesday, December 18th. Guggenheim lifted their price target on G-III Apparel Group from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Barclays upped their price objective on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an "underweight" rating in a report on Wednesday, December 11th. Finally, KeyCorp lifted their target price 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. Two analysts have rated the stock with a sell rating, two have issued 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 a consensus rating of "Hold" and an average target price of $33.17.

G-III Apparel Group Price Performance

Shares of NASDAQ:GIII traded up $0.34 during trading on Friday, reaching $30.93. The stock had a trading volume of 219,923 shares, compared to its average volume of 337,286. The business has a fifty day moving average price of $31.89 and a 200-day moving average price of $29.59. G-III Apparel Group has a 1-year low of $20.66 and a 1-year high of $36.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. The stock has a market cap of $1.36 billion, a PE ratio of 8.12 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.33. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.78 earnings per share. On average, equities analysts forecast that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On G-III Apparel Group

Large investors have recently made changes to their positions in the stock. Marshall Wace LLP raised its position in G-III Apparel Group by 142.8% in the second quarter. Marshall Wace LLP now owns 351,918 shares of the textile maker's stock valued at $9,526,000 after purchasing an additional 206,993 shares during the period. Barclays PLC raised its holdings in shares of G-III Apparel Group by 236.4% in the 3rd quarter. Barclays PLC now owns 282,661 shares of the textile maker's stock valued at $8,627,000 after buying an additional 198,647 shares during the period. Jane Street Group LLC lifted its stake in G-III Apparel Group by 269.9% during the 3rd quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker's stock worth $7,665,000 after acquiring an additional 183,246 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in G-III Apparel Group by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker's stock valued at $91,396,000 after acquiring an additional 151,425 shares during the period. Finally, Robeco Institutional Asset Management B.V. acquired a new position in G-III Apparel Group in the 3rd quarter valued at about $3,671,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

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.