G-III Apparel Group, LTD. (NASDAQ:GIII) has received a consensus rating of “Buy” from the fourteen ratings firms that are covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $29.82.

Several research firms have recently issued reports on GIII. Piper Jaffray Companies set a $22.00 price target on G-III Apparel Group, LTD. and gave the stock a “hold” rating in a research note on Tuesday, June 6th. Telsey Advisory Group increased their price target on G-III Apparel Group, LTD. from $24.00 to $27.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 7th. BidaskClub raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Wunderlich reissued a “buy” rating and issued a $33.00 price target on shares of G-III Apparel Group, LTD. in a research note on Tuesday, June 6th. Finally, KeyCorp reissued an “overweight” rating and issued a $41.00 price target on shares of G-III Apparel Group, LTD. in a research note on Friday, April 7th.

Several hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in shares of G-III Apparel Group, LTD. 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 during the period. Arizona State Retirement System raised its stake in shares of G-III Apparel Group, LTD. by 0.4% in the second quarter. Arizona State Retirement System now owns 22,875 shares of the textile maker’s stock valued at $571,000 after buying an additional 100 shares during the period. Louisiana State Employees Retirement System raised its stake in shares of G-III Apparel Group, LTD. by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the textile maker’s stock valued at $390,000 after buying an additional 200 shares during the period. Texas Permanent School Fund raised its stake in shares of G-III Apparel Group, LTD. by 0.9% in the second quarter. Texas Permanent School Fund now owns 31,969 shares of the textile maker’s stock valued at $798,000 after buying an additional 275 shares during the period. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of G-III Apparel Group, LTD. by 3.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 10,330 shares of the textile maker’s stock valued at $258,000 after buying an additional 330 shares during the period. Institutional investors and hedge funds own 99.51% of the company’s stock.

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G-III Apparel Group, LTD. (NASDAQ:GIII) traded up 1.73% during midday trading on Friday, reaching $26.50. The company’s stock had a trading volume of 179,272 shares. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 32.40 and a beta of 0.33. The company’s 50-day moving average price is $24.61 and its 200-day moving average price is $24.09. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $44.85.

G-III Apparel Group, LTD. (NASDAQ:GIII) last released its quarterly earnings results on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.40) by $0.22. G-III Apparel Group, LTD. had a return on equity of 5.57% and a net margin of 1.58%. The company had revenue of $529 million during the quarter, compared to analysts’ expectations of $497.88 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, analysts predict that G-III Apparel Group, LTD. will post $1.26 earnings per share for the current fiscal year.

G-III Apparel Group, LTD. 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.

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

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