G-III Apparel Group (NASDAQ:GIII) Stock Rating Upgraded by 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 research report released on Wednesday.

Other research analysts have also issued reports about the stock. Guggenheim upped their target price 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. UBS Group decreased their price target on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Barclays dropped their price objective on shares of G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating for the company in a research note on Tuesday, March 18th. Telsey Advisory Group decreased their target price on shares of G-III Apparel Group from $38.00 to $30.00 and set a "market perform" rating on the stock in a research report on Friday, March 14th. Finally, KeyCorp lifted 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $33.00.

Remove Ads

G-III Apparel Group Price Performance

G-III Apparel Group stock traded down $0.12 during trading hours on Wednesday, hitting $27.22. The stock had a trading volume of 586,605 shares, compared to its average volume of 538,117. G-III Apparel Group has a 1-year low of $20.66 and a 1-year high of $36.18. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.14 and a beta of 2.09. The stock's fifty day moving average is $28.54 and its two-hundred day moving average is $30.41. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75.

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

Institutional Investors Weigh In On G-III Apparel Group

Hedge funds have recently bought and sold shares of the business. AlphaQuest LLC purchased a new position in shares of G-III Apparel Group during the 4th quarter valued at approximately $49,000. Quarry LP acquired a new position in G-III Apparel Group during the 3rd quarter worth $63,000. Smartleaf Asset Management LLC increased its position in shares of G-III Apparel Group by 249.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock worth $64,000 after purchasing an additional 1,412 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of G-III Apparel Group in the 4th quarter valued at about $68,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in shares of G-III Apparel Group by 93.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker's stock worth $92,000 after purchasing an additional 1,460 shares during the last quarter. 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.