G-III Apparel Group, LTD. (NASDAQ:GIII) had its price target increased by Buckingham Research from $28.00 to $30.00 in a report issued on Thursday. The firm currently has a buy rating on the textile maker’s stock.

A number of other analysts have also commented on GIII. BidaskClub raised shares of G-III Apparel Group, LTD. from a hold rating to a buy rating in a research report on Saturday, August 26th. KeyCorp reissued a buy rating and issued a $41.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Thursday, August 24th. Cowen and Company set a $23.00 price objective on shares of G-III Apparel Group, LTD. and gave the stock a hold rating in a research report on Monday, August 14th. Telsey Advisory Group boosted their price objective on shares of 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. Finally, Zacks Investment Research lowered shares of G-III Apparel Group, LTD. from a buy rating to a hold rating in a research report on Tuesday, August 8th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $30.45.

Shares of G-III Apparel Group, LTD. (NASDAQ GIII) traded up 0.58% on Thursday, hitting $27.66. 586,724 shares of the stock traded hands. G-III Apparel Group, LTD. has a 52 week low of $18.00 and a 52 week high of $33.24. The firm has a market capitalization of $1.35 billion, a PE ratio of 33.81 and a beta of 0.26. The firm’s 50 day moving average is $25.61 and its 200 day moving average is $24.12.

G-III Apparel Group, LTD. (NASDAQ:GIII) last announced its quarterly earnings results on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.22. The firm had revenue of $529 million for the quarter, compared to analyst estimates of $497.88 million. G-III Apparel Group, LTD. had a net margin of 1.58% and a return on equity of 5.57%. The business’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. On average, analysts expect that G-III Apparel Group, LTD. will post $1.27 EPS for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the company. YorkBridge Wealth Partners LLC increased its holdings in G-III Apparel Group, LTD. by 17.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock worth $101,000 after buying an additional 580 shares during the last quarter. Flinton Capital Management LLC increased its holdings in G-III Apparel Group, LTD. by 87.0% during the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock worth $101,000 after buying an additional 1,876 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in G-III Apparel Group, LTD. by 1.7% during 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 during the last quarter. UBS Group AG increased its holdings in G-III Apparel Group, LTD. by 85.7% during the first quarter. UBS Group AG now owns 5,850 shares of the textile maker’s stock worth $128,000 after buying an additional 2,699 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in G-III Apparel Group, LTD. during the second quarter worth $193,000. Institutional investors and hedge funds own 99.38% of the company’s stock.

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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