ValuEngine upgraded shares of G-III Apparel Group, LTD. (NASDAQ:GIII) from a sell rating to a hold rating in a research note published on Friday.

Other equities analysts have also issued research reports about the stock. Wunderlich restated a buy rating and set a $33.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Tuesday, June 6th. Buckingham Research restated a buy rating and set a $28.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Monday, July 17th. BidaskClub upgraded shares of G-III Apparel Group, LTD. from a hold rating to a buy rating in a research report on Tuesday, August 8th. KeyCorp restated a buy rating and set a $41.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Thursday, August 24th. Finally, Stifel Nicolaus restated 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. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $30.45.

G-III Apparel Group, LTD. (GIII) traded up 0.58% during mid-day trading on Friday, reaching $27.66. 586,724 shares of the company were exchanged. G-III Apparel Group, LTD. has a 12 month low of $18.00 and a 12 month high of $33.24. The company’s 50 day moving average price is $25.61 and its 200-day moving average price is $24.12. The stock has a market capitalization of $1.35 billion, a P/E ratio of 33.81 and a beta of 0.26.

G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its quarterly earnings data on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $529 million during the quarter, compared to analyst estimates of $497.88 million. During the same quarter last year, the firm posted $0.06 EPS. The business’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, equities analysts expect that G-III Apparel Group, LTD. will post $1.27 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this report on another website, it was illegally stolen and republished in violation of international copyright laws. The correct version of this report can be read at https://www.thecerbatgem.com/2017/09/02/g-iii-apparel-group-ltd-giii-upgraded-to-hold-at-valuengine.html.

Hedge funds and other institutional investors have recently made changes to their positions in the company. YorkBridge Wealth Partners LLC boosted its position in shares of G-III Apparel Group, LTD. by 17.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock valued at $101,000 after buying an additional 580 shares during the last quarter. Flinton Capital Management LLC boosted its position in shares of G-III Apparel Group, LTD. by 87.0% in the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock valued at $101,000 after buying an additional 1,876 shares during the last quarter. State of Alaska Department of Revenue boosted its position 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 last quarter. UBS Group AG boosted its position in shares of G-III Apparel Group, LTD. 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 during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of G-III Apparel Group, LTD. during the second quarter valued at approximately $193,000. 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)

Receive News & Stock Ratings for G-III Apparel Group LTD. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group LTD. and related stocks with our FREE daily email newsletter.