BidaskClub upgraded shares of G-III Apparel Group, LTD. (NASDAQ:GIII) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other equities research analysts have also weighed in on the stock. Stifel Nicolaus reissued a hold rating and set a $20.00 target price on shares of G-III Apparel Group, LTD. in a report on Friday, May 26th. Wunderlich reissued a buy rating and set a $33.00 target price on shares of G-III Apparel Group, LTD. in a report on Tuesday, June 6th. Piper Jaffray Companies raised shares of G-III Apparel Group, LTD. from a neutral rating to an overweight rating and set a $27.00 target price on the stock in a report on Wednesday, August 23rd. Buckingham Research restated a buy rating and issued a $28.00 price target on shares of G-III Apparel Group, LTD. in a research report on Monday, July 17th. Finally, FBR & Co restated an outperform rating and issued a $33.00 price target on shares of G-III Apparel Group, LTD. in a research report on Tuesday, July 11th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. G-III Apparel Group, LTD. presently has an average rating of Buy and a consensus price target of $30.27.

Shares of G-III Apparel Group, LTD. (NASDAQ GIII) opened at 26.97 on Friday. The stock’s 50 day moving average price is $24.97 and its 200-day moving average price is $24.06. G-III Apparel Group, LTD. has a 12-month low of $18.00 and a 12-month high of $42.40. The company has a market cap of $1.31 billion, a PE ratio of 32.97 and a beta of 0.33.

G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its earnings results on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $529 million for the quarter, compared to analyst estimates of $497.88 million. During the same period in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities research analysts forecast that G-III Apparel Group, LTD. will post $1.26 earnings per share for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in G-III Apparel Group, LTD. by 97.1% in the first quarter. Wells Fargo & Company MN now owns 857,418 shares of the textile maker’s stock worth $18,768,000 after buying an additional 422,320 shares during 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 during the last quarter. Renaissance Technologies LLC increased its position in G-III Apparel Group, LTD. by 1,030.1% in the first quarter. Renaissance Technologies LLC now owns 357,100 shares of the textile maker’s stock worth $7,817,000 after buying an additional 325,500 shares during the last quarter. US Bancorp DE increased its position in G-III Apparel Group, LTD. by 19.6% in the first quarter. US Bancorp DE now owns 87,330 shares of the textile maker’s stock worth $1,912,000 after buying an additional 14,286 shares during the last quarter. Finally, Arizona State Retirement System increased its position in G-III Apparel Group, LTD. by 0.9% in the first quarter. Arizona State Retirement System now owns 22,775 shares of the textile maker’s stock worth $499,000 after buying an additional 200 shares during the last quarter. Institutional investors own 99.38% of the company’s stock.

About G-III Apparel Group, LTD.

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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