BidaskClub upgraded shares of G-III Apparel Group (NASDAQ:GIII) from a hold rating to a buy rating in a research note published on Thursday morning.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research upgraded G-III Apparel Group from a hold rating to a buy rating and set a $34.00 price target on the stock in a report on Saturday, September 9th. Telsey Advisory Group upgraded G-III Apparel Group from a market perform rating to an outperform rating and upped their price target for the stock from $27.00 to $36.00 in a report on Wednesday, September 6th. FBR & Co restated a buy rating and set a $33.00 price target on shares of G-III Apparel Group in a report on Tuesday, September 5th. Piper Jaffray Companies upgraded G-III Apparel Group from a neutral rating to an overweight rating and set a $27.00 price target on the stock in a report on Wednesday, August 23rd. Finally, ValuEngine upgraded G-III Apparel Group from a sell rating to a hold rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $34.73.

Shares of G-III Apparel Group (NASDAQ GIII) opened at $34.84 on Thursday. The company has a quick ratio of 1.09, a current ratio of 2.75 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1,698.73, a price-to-earnings ratio of 29.53, a P/E/G ratio of 1.55 and a beta of 0.29. G-III Apparel Group has a 1-year low of $18.00 and a 1-year high of $35.95.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.13. G-III Apparel Group had a return on equity of 5.77% and a net margin of 1.58%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the business earned $1.50 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. research analysts forecast that G-III Apparel Group will post 1.5 earnings per share for the current fiscal year.

In other news, COO Wayne S. Miller sold 50,000 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was 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 of the company’s stock, valued at approximately $7,967,336.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alan Feller sold 5,000 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $29.31, for a total value of $146,550.00. Following the transaction, the director now directly owns 20,609 shares of the company’s stock, valued at $604,049.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,000 shares of company stock valued at $1,682,990. Insiders own 9.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in GIII. Bank of New York Mellon Corp boosted its position in shares of G-III Apparel Group by 74.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,574,206 shares of the textile maker’s stock valued at $139,077,000 after purchasing an additional 2,383,043 shares during the period. Columbus Circle Investors acquired a new stake in shares of G-III Apparel Group in the 3rd quarter valued at about $30,233,000. Victory Capital Management Inc. acquired a new stake in shares of G-III Apparel Group in the 2nd quarter valued at about $23,202,000. Dimensional Fund Advisors LP boosted its position in shares of G-III Apparel Group by 45.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,904,916 shares of the textile maker’s stock valued at $72,478,000 after purchasing an additional 907,701 shares during the period. Finally, Phocas Financial Corp. acquired a new stake in shares of G-III Apparel Group in the 2nd quarter valued at about $13,037,000.

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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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