G-III Apparel Group, Ltd. (GIII) Receives $29.38 Consensus PT from Analysts
Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been assigned a consensus recommendation of “Buy” from the twelve brokerages that are covering the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.38.
A number of equities analysts have recently commented on the stock. Piper Jaffray Companies set a $22.00 target price on shares of G-III Apparel Group and gave the company a “hold” rating in a report on Tuesday, January 10th. Brean Capital reaffirmed a “buy” rating and issued a $37.00 target price (down from $39.00) on shares of G-III Apparel Group in a report on Tuesday, January 10th. Stifel Nicolaus cut their target price on shares of G-III Apparel Group from $26.00 to $25.00 and set a “hold” rating on the stock in a report on Friday, January 6th. Telsey Advisory Group cut their target price on shares of G-III Apparel Group from $25.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, January 6th. Finally, Wunderlich reaffirmed a “buy” rating and issued a $33.00 target price on shares of G-III Apparel Group in a report on Sunday, January 8th.
G-III Apparel Group (NASDAQ:GIII) traded down 1.63% on Tuesday, hitting $23.59. 913,039 shares of the company traded hands. The firm has a market capitalization of $1.15 billion, a P/E ratio of 21.45 and a beta of 0.53. The stock’s 50-day moving average is $23.51 and its 200 day moving average is $26.96. G-III Apparel Group has a 12 month low of $19.10 and a 12 month high of $51.81.
G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Monday, March 27th. The textile maker reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.06. The business earned $603.30 million during the quarter, compared to analyst estimates of $622.76 million. G-III Apparel Group had a net margin of 3.46% and a return on equity of 9.13%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.17 earnings per share. Equities analysts forecast that G-III Apparel Group will post $1.01 EPS for the current fiscal year.
In related news, CEO Morris Goldfarb bought 32,846 shares of the firm’s stock in a transaction on Tuesday, April 4th. The shares were bought at an average cost of $22.16 per share, for a total transaction of $727,867.36. Following the transaction, the chief executive officer now owns 3,912,586 shares of the company’s stock, valued at $86,702,905.76. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Laura H. Pomerantz sold 2,310 shares of the business’s stock in a transaction on Thursday, April 13th. The stock was sold at an average price of $24.32, for a total transaction of $56,179.20. Following the sale, the director now owns 25,198 shares in the company, valued at $612,815.36. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.
Large investors have recently modified their holdings of the company. Congress Asset Management Co. MA bought a new stake in shares of G-III Apparel Group during the fourth quarter valued at approximately $39,866,000. WS Management Lllp raised its stake in shares of G-III Apparel Group by 198.7% in the fourth quarter. WS Management Lllp now owns 1,792,046 shares of the textile maker’s stock valued at $52,973,000 after buying an additional 1,192,046 shares during the last quarter. FMR LLC raised its stake in shares of G-III Apparel Group by 7.8% in the fourth quarter. FMR LLC now owns 6,842,518 shares of the textile maker’s stock valued at $202,264,000 after buying an additional 494,490 shares during the last quarter. Aberdeen Asset Management PLC UK raised its stake in shares of G-III Apparel Group by 41.9% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 1,405,968 shares of the textile maker’s stock valued at $41,561,000 after buying an additional 415,483 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in shares of G-III Apparel Group by 18.1% in the third quarter. TimesSquare Capital Management LLC now owns 2,495,795 shares of the textile maker’s stock valued at $72,752,000 after buying an additional 382,850 shares during the last quarter. Institutional investors own 95.33% of the company’s stock.
About G-III Apparel Group
G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.
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