G-III Apparel Group, Ltd. (NASDAQ:GIII)‘s stock had its “hold” rating reiterated by research analysts at Stifel Nicolaus in a research report issued on Friday. They currently have a $20.00 price target on the textile maker’s stock. Stifel Nicolaus’ target price points to a potential downside of 1.82% from the company’s previous close.

GIII has been the subject of a number of other reports. Piper Jaffray Companies set a $19.00 price target on shares of G-III Apparel Group and gave the stock a “hold” rating in a report on Monday, March 27th. Zacks Investment Research downgraded shares of G-III Apparel Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 22nd. Cowen and Company lowered their price target on shares of G-III Apparel Group from $27.00 to $22.00 and set a “market perform” rating for the company in a report on Tuesday, March 28th. Finally, KeyCorp reiterated an “overweight” rating and set a $41.00 price target on shares of G-III Apparel Group in a report on Friday, April 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. G-III Apparel Group presently has an average rating of “Hold” and an average target price of $28.75.

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

Shares of G-III Apparel Group (NASDAQ:GIII) opened at 20.37 on Friday. The stock has a 50 day moving average of $22.83 and a 200 day moving average of $25.94. G-III Apparel Group has a 1-year low of $18.00 and a 1-year high of $51.81. The stock has a market cap of $990.80 million, a PE ratio of 18.52 and a beta of 0.53.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly 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 firm had revenue of $603.30 million for the quarter, compared to analysts’ expectations of $622.76 million. G-III Apparel Group had a return on equity of 9.13% and a net margin of 3.46%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.17 earnings per share. Equities research analysts forecast that G-III Apparel Group will post $1.01 EPS for the current year.

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In other G-III Apparel Group news, Director Laura H. Pomerantz sold 2,310 shares of the business’s stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of $24.32, for a total transaction of $56,179.20. Following the completion of the sale, the director now directly owns 25,198 shares in the company, valued at $612,815.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Morris Goldfarb acquired 32,846 shares of the firm’s stock in a transaction on Tuesday, April 4th. The shares were acquired at an average price of $22.16 per share, with a total value of $727,867.36. Following the completion of the purchase, the chief executive officer now owns 3,912,586 shares of the company’s stock, valued at $86,702,905.76. The disclosure for this purchase can be found here. 9.60% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in G-III Apparel Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 4,830 shares of the textile maker’s stock valued at $105,000 after buying an additional 80 shares in the last quarter. UBS Group AG increased its stake in G-III Apparel Group by 85.7% in the first quarter. UBS Group AG now owns 5,850 shares of the textile maker’s stock valued at $128,000 after buying an additional 2,699 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in G-III Apparel Group by 6.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,000 shares of the textile maker’s stock valued at $219,000 after buying an additional 610 shares in the last quarter. Genesee Valley Trust Co. increased its stake in G-III Apparel Group by 7.0% in the first quarter. Genesee Valley Trust Co. now owns 10,209 shares of the textile maker’s stock valued at $223,000 after buying an additional 669 shares in the last quarter. Finally, Mason Street Advisors LLC increased its stake in G-III Apparel Group by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,236 shares of the textile maker’s stock valued at $224,000 after buying an additional 670 shares in the last quarter. Institutional investors own 95.33% of the company’s stock.

G-III Apparel Group Company Profile

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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