Today, G-III Apparel Group Ltd. (GIII) Stock Rating Upgrade by Stifel Nicolaus

Today, G-III Apparel Group Ltd. (GIII) Stock Rating Upgrade by Stifel Nicolaus

G-III Apparel Group Ltd. (NASDAQ:GIII) was upgraded by stock analysts at Stifel Nicolaus from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday. The firm currently has a $28.00 target price on the stock. Stifel Nicolaus’ price target indicates a potential downside of 5.41% from the stock’s previous close.

GIII has been the subject of several other research reports. Brean Capital reiterated a “buy” rating and issued a $41.00 price objective on shares of G-III Apparel Group in a research note on Thursday, September 1st. Cowen and Company lowered shares of G-III Apparel Group from an “outperform” rating to a “market perform” rating and set a $43.00 price target for the company. in a research note on Tuesday, July 26th. Telsey Advisory Group lowered shares of G-III Apparel Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $54.00 to $45.00 in a research note on Tuesday, July 26th. Piper Jaffray Cos. restated a “hold” rating and set a $31.00 price target on shares of G-III Apparel Group in a research note on Thursday, September 22nd. Finally, Standpoint Research upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $41.80.

G-III Apparel Group (NASDAQ:GIII) traded up 1.02% during trading on Tuesday, reaching $29.60. The company had a trading volume of 272,576 shares. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 14.39 and a beta of 0.55. The company has a 50-day moving average price of $28.22 and a 200 day moving average price of $36.71. G-III Apparel Group has a one year low of $25.56 and a one year high of $55.89.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Tuesday, August 30th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.21. The firm earned $442.30 million during the quarter, compared to analysts’ expectations of $484.85 million. G-III Apparel Group had a net margin of 4.13% and a return on equity of 10.91%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter last year, the business posted $0.27 EPS. Analysts expect that G-III Apparel Group will post $2.11 earnings per share for the current year.

A number of large investors have recently bought and sold shares of GIII. Scout Investments Inc. acquired a new stake in G-III Apparel Group during the third quarter valued at approximately $1,377,000. LPL Financial LLC raised its stake in G-III Apparel Group by 153.3% in the third quarter. LPL Financial LLC now owns 13,960 shares of the company’s stock valued at $412,000 after buying an additional 8,449 shares during the last quarter. Credit Suisse AG raised its stake in G-III Apparel Group by 35.3% in the third quarter. Credit Suisse AG now owns 84,108 shares of the company’s stock valued at $2,452,000 after buying an additional 21,939 shares during the last quarter. Penn Capital Management Co. Inc. raised its stake in G-III Apparel Group by 394.3% in the third quarter. Penn Capital Management Co. Inc. now owns 286,480 shares of the company’s stock valued at $8,357,000 after buying an additional 228,529 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in G-III Apparel Group during the third quarter valued at approximately $615,000.

G-III Apparel Group Company Profile

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