G-III Apparel Group Ltd. (NASDAQ:GIII) received a $31.00 target price from Piper Jaffray Cos. in a research note issued to investors on Monday. The firm currently has a “hold” rating on the stock. Piper Jaffray Cos.’s price target points to a potential upside of 6.97% from the stock’s previous close.

GIII has been the subject of a number of other reports. Brean Capital reiterated a “buy” rating and issued a $41.00 price target on shares of G-III Apparel Group in a report on Thursday, September 1st. Zacks Investment Research downgraded G-III Apparel Group from a “hold” rating to a “sell” rating in a report on Monday, November 21st. Stifel Nicolaus upgraded G-III Apparel Group from a “sell” rating to a “hold” rating and set a $28.00 price target for the company in a report on Tuesday, November 8th. Standpoint Research upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 4th. Finally, Telsey Advisory Group lowered their price target on G-III Apparel Group from $45.00 to $37.00 and set a “market perform” rating for the company in a report on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. G-III Apparel Group has a consensus 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) traded down 2.04% on Monday, reaching $28.27. The company’s stock had a trading volume of 505,169 shares. The firm has a market capitalization of $1.29 billion, a P/E ratio of 13.74 and a beta of 0.55. The firm has a 50-day moving average price of $28.20 and a 200 day moving average price of $36.58. G-III Apparel Group has a 52-week low of $25.56 and a 52-week high of $55.89.

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Several hedge funds have recently made changes to their positions in GIII. Henderson Group PLC raised its stake in shares of G-III Apparel Group by 57.6% in the second quarter. Henderson Group PLC now owns 420,253 shares of the company’s stock valued at $19,214,000 after buying an additional 153,610 shares during the period. Monarch Partners Asset Management LLC purchased a new stake in shares of G-III Apparel Group during the second quarter valued at $5,312,000. Capital Fund Management S.A. purchased a new stake in shares of G-III Apparel Group during the second quarter valued at $511,000. FNY Managed Accounts LLC purchased a new stake in shares of G-III Apparel Group during the second quarter valued at $320,000. Finally, Pitcairn Co. raised its stake 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 valued at $208,000 after buying an additional 14 shares during the period.

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.

5 Day Chart for NASDAQ:GIII

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