G-III Apparel Group, LTD. (NASDAQ:GIII)‘s stock had its “outperform” rating reiterated by stock analysts at FBR & Co in a research note issued to investors on Tuesday, July 11th, Marketbeat.com reports. They currently have a $33.00 price objective on the textile maker’s stock. FBR & Co’s target price indicates a potential upside of 21.86% from the company’s previous close.

Several other brokerages have also recently commented on GIII. BidaskClub raised shares of G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a research note on Thursday, June 8th. KeyCorp reiterated an “overweight” rating and set a $41.00 price objective on shares of G-III Apparel Group, LTD. in a research note on Friday, April 7th. Cowen and Company raised their price target on shares of G-III Apparel Group, LTD. from $22.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, June 7th. Finally, Telsey Advisory Group raised their price target on shares of G-III Apparel Group, LTD. from $24.00 to $27.00 and gave the company a “market perform” rating in a research note on Wednesday, June 7th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. G-III Apparel Group, LTD. currently has a consensus rating of “Buy” and a consensus target price of $29.82.

Shares of G-III Apparel Group, LTD. (GIII) traded up 0.56% during trading on Tuesday, hitting $27.08. The stock had a trading volume of 920,335 shares. G-III Apparel Group, LTD. has a 52-week low of $18.00 and a 52-week high of $44.85. The firm’s 50-day moving average is $24.61 and its 200 day moving average is $24.09. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 33.11 and a beta of 0.33.

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

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Several large investors have recently modified their holdings of GIII. State of Alaska Department of Revenue increased its position in 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 worth $105,000 after buying an additional 80 shares in the last quarter. Louisiana State Employees Retirement System increased its position in 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 worth $390,000 after buying an additional 200 shares in the last quarter. Atria Investments LLC increased its position in G-III Apparel Group, LTD. by 35.6% in the first quarter. Atria Investments LLC now owns 11,609 shares of the textile maker’s stock worth $254,000 after buying an additional 3,048 shares in the last quarter. Capstone Asset Management Co. increased its position in G-III Apparel Group, LTD. by 3.6% in the first quarter. Capstone Asset Management Co. now owns 16,855 shares of the textile maker’s stock worth $369,000 after buying an additional 579 shares in the last quarter. Finally, Bank of Montreal Can increased its position in G-III Apparel Group, LTD. by 1,058.4% in the first quarter. Bank of Montreal Can now owns 18,731 shares of the textile maker’s stock worth $410,000 after buying an additional 17,114 shares in the last quarter. 94.36% of the stock is owned by institutional investors.

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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