Telsey Advisory Group upgraded shares of G-III Apparel Group, LTD. (NASDAQ:GIII) from a market perform rating to an outperform rating in a research report report published on Wednesday morning, MarketBeat Ratings reports. They currently have $36.00 target price on the textile maker’s stock, up from their prior target price of $27.00.

Several other analysts have also issued reports on the stock. ValuEngine upgraded shares of G-III Apparel Group, LTD. from a sell rating to a hold rating in a research report on Friday, September 1st. FBR & Co restated a buy rating and set a $33.00 target price on shares of G-III Apparel Group, LTD. in a research report on Tuesday. 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. BidaskClub upgraded shares of G-III Apparel Group, LTD. from a hold rating to a buy rating in a research report on Saturday, August 26th. Finally, Buckingham Research boosted their target price on shares of G-III Apparel Group, LTD. from $28.00 to $30.00 and gave the company a buy rating in a research report on Thursday, August 31st. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $32.82.

G-III Apparel Group, LTD. (GIII) opened at 29.29 on Wednesday. The firm has a 50-day moving average of $26.30 and a 200-day moving average of $24.21. The stock has a market capitalization of $1.43 billion, a PE ratio of 35.81 and a beta of 0.26. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $32.98.

G-III Apparel Group, LTD. (NASDAQ:GIII) last announced its quarterly earnings results on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.11. G-III Apparel Group, LTD. had a net margin of 1.23% and a return on equity of 4.67%. The firm had revenue of $538 million during the quarter, compared to analyst estimates of $522.45 million. During the same period in the previous year, the business posted $0.01 earnings per share. The business’s revenue for the quarter was up 21.6% on a year-over-year basis. Equities analysts expect that G-III Apparel Group, LTD. will post $1.35 EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of G-III Apparel Group, LTD. by 19,882.5% in the first quarter. BlackRock Inc. now owns 5,643,064 shares of the textile maker’s stock worth $123,528,000 after buying an additional 5,614,824 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of G-III Apparel Group, LTD. by 74.7% in the second quarter. Bank of New York Mellon Corp now owns 5,574,206 shares of the textile maker’s stock worth $139,077,000 after buying an additional 2,383,043 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of G-III Apparel Group, LTD. by 0.6% in the second quarter. Vanguard Group Inc. now owns 3,632,380 shares of the textile maker’s stock worth $90,628,000 after buying an additional 21,050 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of G-III Apparel Group, LTD. by 45.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,904,916 shares of the textile maker’s stock worth $72,478,000 after buying an additional 907,701 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK lifted its holdings in shares of G-III Apparel Group, LTD. by 9.4% in the second quarter. Aberdeen Asset Management PLC UK now owns 1,933,086 shares of the textile maker’s stock worth $48,231,000 after buying an additional 166,857 shares in the last quarter. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

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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