Piper Jaffray Companies upgraded shares of G-III Apparel Group, LTD. (NASDAQ:GIII) from a neutral rating to an overweight rating in a report released on Wednesday, MarketBeat.com reports. Piper Jaffray Companies currently has $27.00 price target on the textile maker’s stock.

A number of other brokerages also recently commented on GIII. BidaskClub upgraded G-III Apparel Group, LTD. from a sell rating to a hold rating in a research note on Friday, June 30th. Zacks Investment Research upgraded G-III Apparel Group, LTD. from a sell rating to a hold rating and set a $30.00 price objective for the company in a research report on Thursday, June 8th. Stifel Nicolaus reiterated a hold rating and set a $20.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Friday, May 26th. Standpoint Research downgraded G-III Apparel Group, LTD. from a buy rating to a hold rating in a research report on Tuesday, August 15th. Finally, Telsey Advisory Group boosted their price objective on G-III Apparel Group, LTD. from $24.00 to $27.00 and gave the stock a market perform rating in a research report on Wednesday, June 7th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $30.27.

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) traded up 0.82% during midday trading on Wednesday, reaching $27.20. The company had a trading volume of 794,533 shares. G-III Apparel Group, LTD. has a 52 week low of $18.00 and a 52 week high of $41.84. The company’s 50 day moving average price is $24.97 and its 200-day moving average price is $24.06. The company has a market capitalization of $1.32 billion, a P/E ratio of 33.25 and a beta of 0.33.

G-III Apparel Group, LTD. (NASDAQ:GIII) last issued its earnings results on Tuesday, June 6th. The textile maker reported ($0.18) EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $497.88 million. During the same period in the previous year, the firm posted $0.06 earnings per share. G-III Apparel Group, LTD.’s quarterly revenue was up 15.7% compared to the same quarter last year. On average, equities research analysts predict that G-III Apparel Group, LTD. will post $1.26 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of GIII. Phocas Financial Corp. bought a new position in G-III Apparel Group, LTD. during the second quarter valued at about $13,037,000. Dynamic Technology Lab Private Ltd bought a new position in G-III Apparel Group, LTD. during the second quarter valued at about $400,000. Public Employees Retirement System of Ohio boosted its position in G-III Apparel Group, LTD. by 2.2% in the second quarter. Public Employees Retirement System of Ohio now owns 64,541 shares of the textile maker’s stock valued at $1,610,000 after buying an additional 1,405 shares in the last quarter. Piedmont Investment Advisors LLC bought a new position in G-III Apparel Group, LTD. during the second quarter valued at about $236,000. Finally, The Manufacturers Life Insurance Company boosted its position in G-III Apparel Group, LTD. by 1.3% in the second quarter. The Manufacturers Life Insurance Company now owns 34,030 shares of the textile maker’s stock valued at $849,000 after buying an additional 438 shares in the last quarter. 99.38% of the stock is currently 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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