Piper Jaffray Cos. set a $31.00 price target on G-III Apparel Group Ltd. (NASDAQ:GIII) in a research note issued to investors on Monday morning. The firm currently has a hold rating on the stock.

Other equities analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of G-III Apparel Group from a hold rating to a sell rating in a research report on Monday, November 21st. Brean Capital reiterated a buy rating and set a $41.00 price objective on shares of G-III Apparel Group in a research report on Thursday, September 1st. Telsey Advisory Group lowered their price objective on shares of G-III Apparel Group from $45.00 to $37.00 and set a market perform rating for the company in a research report on Wednesday, August 31st. Stifel Nicolaus cut shares of G-III Apparel Group from a hold rating to a sell rating and set a $28.00 price objective for the company. in a research report on Wednesday, August 31st. Finally, TheStreet cut shares of G-III Apparel Group from a buy rating to a hold rating in a research report on Wednesday, September 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $41.80.

G-III Apparel Group (NASDAQ:GIII) traded down 2.11% during midday trading on Monday, reaching $28.25. 510,130 shares of the company’s stock traded hands. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 13.73 and a beta of 0.55. G-III Apparel Group has a 1-year low of $25.56 and a 1-year high of $55.89. The stock’s 50 day moving average price is $28.20 and its 200 day moving average price is $36.58.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TimesSquare Capital Management LLC increased its position in G-III Apparel Group by 122.3% in the second quarter. TimesSquare Capital Management LLC now owns 2,112,945 shares of the company’s stock valued at $96,604,000 after buying an additional 1,162,600 shares during the last quarter. Bank of New York Mellon Corp increased its position in G-III Apparel Group by 112.2% in the third quarter. Bank of New York Mellon Corp now owns 2,104,441 shares of the company’s stock valued at $61,344,000 after buying an additional 1,112,496 shares during the last quarter. Royal Bank of Canada increased its position in G-III Apparel Group by 328.5% in the second quarter. Royal Bank of Canada now owns 806,301 shares of the company’s stock valued at $36,864,000 after buying an additional 618,143 shares during the last quarter. Royce & Associates LP increased its position in G-III Apparel Group by 467.7% in the second quarter. Royce & Associates LP now owns 709,809 shares of the company’s stock valued at $32,452,000 after buying an additional 584,781 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in G-III Apparel Group by 89,502.1% in the second quarter. Victory Capital Management Inc. now owns 563,597 shares of the company’s stock valued at $25,767,000 after buying an additional 562,968 shares during the last quarter.

About G-III Apparel Group

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.

5 Day Chart for NASDAQ:GIII

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