KeyCorp reaffirmed their buy rating on shares of G-III Apparel Group (NASDAQ:GIII) in a report released on Thursday. They currently have a $45.00 price objective on the textile maker’s stock. KeyCorp also issued estimates for G-III Apparel Group’s Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $1.55 EPS, Q3 2019 earnings at $1.80 EPS, Q4 2019 earnings at $0.20 EPS and FY2019 earnings at $2.02 EPS.

Other analysts have also issued research reports about the stock. Telsey Advisory Group boosted their price objective on shares of G-III Apparel Group from $36.00 to $39.00 and gave the stock an outperform rating in a research report on Wednesday, December 6th. B. Riley reissued a buy rating on shares of G-III Apparel Group in a research report on Wednesday, November 1st. Piper Jaffray Companies reissued a buy rating on shares of G-III Apparel Group in a research report on Wednesday, January 10th. BidaskClub lowered shares of G-III Apparel Group from a buy rating to a hold rating in a research report on Thursday, December 14th. Finally, Barclays began coverage on shares of G-III Apparel Group in a research report on Tuesday, September 19th. They issued an underweight rating and a $28.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. G-III Apparel Group currently has a consensus rating of Buy and a consensus price target of $35.00.

Shares of G-III Apparel Group (NASDAQ:GIII) traded up $0.34 during mid-day trading on Thursday, hitting $40.50. 437,400 shares of the stock were exchanged, compared to its average volume of 769,644. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.91 and a current ratio of 3.52. The company has a market capitalization of $1,987.78, a price-to-earnings ratio of 48.21, a PEG ratio of 1.79 and a beta of 0.28. G-III Apparel Group has a twelve month low of $18.00 and a twelve month high of $40.87.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.13. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.65%. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 earnings per share. equities analysts predict that G-III Apparel Group will post 1.51 EPS for the current year.

In other G-III Apparel Group news, Vice Chairman Sammy Aaron sold 51,000 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the sale, the insider now directly owns 556,152 shares of the company’s stock, valued at $18,697,830.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bokhorst Willem Van sold 7,518 shares of the company’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total transaction of $282,000.18. Following the sale, the director now directly owns 48,667 shares in the company, valued at $1,825,499.17. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of GIII. Schwab Charles Investment Management Inc. raised its position in shares of G-III Apparel Group by 35.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 360,430 shares of the textile maker’s stock valued at $8,993,000 after purchasing an additional 94,248 shares during the period. Rhumbline Advisers raised its position in shares of G-III Apparel Group by 4.7% in the second quarter. Rhumbline Advisers now owns 88,067 shares of the textile maker’s stock valued at $2,197,000 after purchasing an additional 3,977 shares during the period. SG Americas Securities LLC bought a new position in shares of G-III Apparel Group in the second quarter valued at about $193,000. Legal & General Group Plc raised its position in shares of G-III Apparel Group by 8.8% in the second quarter. Legal & General Group Plc now owns 81,951 shares of the textile maker’s stock valued at $2,045,000 after purchasing an additional 6,598 shares during the period. Finally, Swiss National Bank raised its position in shares of G-III Apparel Group by 7.8% in the second quarter. Swiss National Bank now owns 72,900 shares of the textile maker’s stock valued at $1,819,000 after purchasing an additional 5,300 shares during the period.

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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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