Today, Brokerages Set G-III Apparel Group Ltd. (GIII) Price Target at $41.80

Today, Brokerages Set G-III Apparel Group Ltd. (GIII) Price Target at $41.80

G-III Apparel Group Ltd. (NASDAQ:GIII) has received an average recommendation of “Hold” from the thirteen research firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $41.80.

Several research firms recently commented on GIII. Cowen and Company lowered G-III Apparel Group from an “outperform” rating to a “market perform” rating and set a $43.00 target price on the stock. in a report on Tuesday, July 26th. Telsey Advisory Group lowered G-III Apparel Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $54.00 to $45.00 in a report on Tuesday, July 26th. Brean Capital began coverage on G-III Apparel Group in a report on Tuesday, June 21st. They set a “buy” rating and a $51.00 target price on the stock. Piper Jaffray Cos. lowered G-III Apparel Group from an “overweight” rating to a “neutral” rating and set a $48.00 target price on the stock. in a report on Monday, July 25th. Finally, Zacks Investment Research raised G-III Apparel Group from a “sell” rating to a “hold” rating in a report on Friday, June 24th.

Several institutional investors have recently added to or reduced their stakes in GIII. Pacer Advisors Inc. purchased a new position in G-III Apparel Group during the second quarter valued at $134,000. Tower Research Capital LLC TRC bought a new position in shares of G-III Apparel Group during the second quarter worth approximately $143,000. Pitcairn Co. increased its position in shares of G-III Apparel Group by 0.3% in the second quarter. Pitcairn Co. now owns 4,565 shares of the company’s stock worth $208,000 after buying an additional 14 shares during the last quarter. Genesee Valley Trust Co. bought a new position in shares of G-III Apparel Group during the third quarter worth approximately $210,000. Finally, Amalgamated Bank increased its position in shares of G-III Apparel Group by 18.4% in the second quarter. Amalgamated Bank now owns 4,968 shares of the company’s stock worth $211,000 after buying an additional 772 shares during the last quarter. Institutional investors and hedge funds own 99.89% of the company’s stock.

Shares of G-III Apparel Group (NASDAQ:GIII) opened at 28.90 on Wednesday. G-III Apparel Group has a one year low of $28.26 and a one year high of $64.54. The stock has a market capitalization of $1.32 billion, a PE ratio of 14.05 and a beta of 0.75. The stock’s 50 day moving average price is $30.71 and its 200 day moving average price is $40.52.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Tuesday, August 30th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by $0.21. The company had revenue of $442.30 million for the quarter, compared to analyst estimates of $484.85 million. G-III Apparel Group had a return on equity of 10.91% and a net margin of 4.13%. The firm’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the business earned $0.27 earnings per share. Equities research analysts predict that G-III Apparel Group will post $2.12 EPS for the current fiscal year.

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