Piper Jaffray Companies set a $36.00 price objective on G-III Apparel Group (NASDAQ:GIII) in a research report report published on Wednesday morning. The firm currently has a buy rating on the textile maker’s stock.

GIII has been the subject of several other research reports. BidaskClub upgraded shares of G-III Apparel Group from a hold rating to a buy rating in a research note on Tuesday, August 8th. Zacks Investment Research cut shares of G-III Apparel Group from a buy rating to a hold rating in a research note on Tuesday, August 8th. Cowen set a $23.00 target price on shares of G-III Apparel Group and gave the stock a hold rating in a research note on Monday, August 14th. Standpoint Research cut shares of G-III Apparel Group from a buy rating to a hold rating in a research note on Tuesday, August 15th. Finally, KeyCorp restated a buy rating and issued a $41.00 target price on shares of G-III Apparel Group in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. G-III Apparel Group has a consensus rating of Buy and an average target price of $34.18.

Shares of G-III Apparel Group (NASDAQ:GIII) traded up $0.77 during trading on Wednesday, hitting $35.07. 1,650,500 shares of the stock traded hands, compared to its average volume of 859,289. G-III Apparel Group has a fifty-two week low of $18.00 and a fifty-two week high of $35.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 2.75. The firm has a market cap of $1,672.41, a PE ratio of 29.07, a price-to-earnings-growth ratio of 1.56 and a beta of 0.29.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, December 5th. The textile maker reported $1.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.13. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.77%. G-III Apparel Group’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. analysts expect that G-III Apparel Group will post 1.47 earnings per share for the current year.

In other G-III Apparel Group news, COO Wayne S. Miller sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the completion of the transaction, the chief operating officer now directly owns 269,531 shares in the company, valued at approximately $7,967,336.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan Feller sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $29.22, for a total transaction of $58,440.00. Following the transaction, the director now owns 20,609 shares of the company’s stock, valued at $602,194.98. The disclosure for this sale can be found here. Insiders sold a total of 57,000 shares of company stock valued at $1,682,990 in the last quarter. Insiders own 9.60% of the company’s stock.

Large investors have recently bought and sold shares of the business. Ingalls & Snyder LLC grew its holdings in shares of G-III Apparel Group by 852.3% during the third quarter. Ingalls & Snyder LLC now owns 178,083 shares of the textile maker’s stock worth $5,168,000 after buying an additional 159,383 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of G-III Apparel Group by 45.4% during 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. Scout Investments Inc. grew its holdings in shares of G-III Apparel Group by 42.5% during the third quarter. Scout Investments Inc. now owns 70,350 shares of the textile maker’s stock worth $2,042,000 after buying an additional 20,975 shares in the last quarter. Pinebridge Investments L.P. grew its holdings in shares of G-III Apparel Group by 145.1% during the second quarter. Pinebridge Investments L.P. now owns 57,443 shares of the textile maker’s stock worth $1,433,000 after buying an additional 34,004 shares in the last quarter. Finally, Cortina Asset Management LLC purchased a new stake in shares of G-III Apparel Group during the third quarter worth about $4,709,000.

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G-III Apparel Group 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 (NASDAQ:GIII)

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