G-III Apparel Group Ltd. (NASDAQ:GIII) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

According to Zacks, “G-III Apparel Group, Ltd. designs, manufactures, imports & markets an extensive range of leather & non-leather apparel including coats, jackets, pants, skirts & other sportswear items. “

Other analysts also recently issued reports about the company. Cowen and Company downgraded 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 report on Tuesday, July 26th. Telsey Advisory Group downgraded G-III Apparel Group from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $54.00 to $45.00 in a research note on Tuesday, July 26th. Piper Jaffray Cos. downgraded G-III Apparel Group from an “overweight” rating to a “neutral” rating and set a $48.00 target price for the company. in a research note on Monday, July 25th. Brean Capital restated a “buy” rating and issued a $51.00 target price on shares of G-III Apparel Group in a research note on Tuesday, July 26th. Finally, Stifel Nicolaus downgraded G-III Apparel Group from a “hold” rating to a “sell” rating and set a $28.00 target price for the company. in a research note on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $41.80.

Analyst Recommendations for G-III Apparel Group (NASDAQ:GIII)

G-III Apparel Group (NASDAQ:GIII) opened at 30.23 on Monday. The firm has a market cap of $1.38 billion, a P/E ratio of 14.70 and a beta of 0.55. The firm’s 50-day moving average price is $28.25 and its 200-day moving average price is $36.86. G-III Apparel Group has a 12 month low of $25.56 and a 12 month high of $55.89.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, August 30th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.21. G-III Apparel Group had a return on equity of 10.91% and a net margin of 4.13%. The business had revenue of $442.30 million for the quarter, compared to analyst estimates of $484.85 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The business’s revenue was down 6.7% on a year-over-year basis. On average, equities research analysts expect that G-III Apparel Group will post $2.11 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Capital Fund Management S.A. purchased a new position in G-III Apparel Group during the second quarter valued at approximately $511,000. FNY Managed Accounts LLC purchased a new position in G-III Apparel Group during the second quarter valued at approximately $320,000. Pitcairn Co. boosted its position in G-III Apparel Group by 0.3% in the second quarter. Pitcairn Co. now owns 4,565 shares of the company’s stock valued at $208,000 after buying an additional 14 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in G-III Apparel Group by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock valued at $814,000 after buying an additional 100 shares in the last quarter. Finally, Bank of Montreal Can purchased a new position in G-III Apparel Group during the second quarter valued at approximately $288,000.

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G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations, which consists of its licensed products and non-licensed products, and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under its own brands and private label brands, and retail operations, which consists of the Wilsons Leather and G.H.

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