Brokerages Set G-III Apparel Group, Ltd. (NASDAQ:GIII) Target Price at $27.00

G-III Apparel Group, Ltd. (NASDAQ:GIIIGet Free Report) has been assigned a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $27.00.

Several research analysts have weighed in on the stock. StockNews.com raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Friday. KeyCorp raised their target price on shares of G-III Apparel Group from $26.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, December 6th. Wells Fargo & Company cut shares of G-III Apparel Group from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $30.00 to $24.00 in a report on Tuesday, January 16th. UBS Group raised their target price on shares of G-III Apparel Group from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, December 7th. Finally, Telsey Advisory Group raised their target price on shares of G-III Apparel Group from $24.00 to $30.00 and gave the stock a “market perform” rating in a report on Wednesday, December 6th.

Read Our Latest Analysis on GIII

Insider Buying and Selling

In related news, CFO Neal Nackman sold 31,762 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $35.29, for a total transaction of $1,120,880.98. Following the sale, the chief financial officer now owns 55,977 shares in the company, valued at approximately $1,975,428.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.70% of the stock is currently owned by company insiders.

Institutional Trading of G-III Apparel Group

Large investors have recently made changes to their positions in the company. Quarry LP boosted its position in G-III Apparel Group by 647.6% in the second quarter. Quarry LP now owns 1,712 shares of the textile maker’s stock valued at $33,000 after buying an additional 1,483 shares in the last quarter. Strs Ohio acquired a new stake in G-III Apparel Group in the third quarter valued at approximately $34,000. Lazard Asset Management LLC acquired a new stake in G-III Apparel Group in the second quarter valued at approximately $34,000. Point72 Middle East FZE acquired a new stake in G-III Apparel Group in the second quarter valued at approximately $40,000. Finally, Castleview Partners LLC acquired a new stake in G-III Apparel Group in the third quarter valued at approximately $41,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Stock Up 0.8 %

G-III Apparel Group stock opened at $31.87 on Tuesday. The stock has a market cap of $1.46 billion, a P/E ratio of -13.39 and a beta of 2.43. The company has a quick ratio of 1.86, a current ratio of 2.84 and a debt-to-equity ratio of 0.27. G-III Apparel Group has a twelve month low of $13.59 and a twelve month high of $35.68. The company’s 50-day moving average price is $31.95 and its two-hundred day moving average price is $26.80.

G-III Apparel Group (NASDAQ:GIIIGet Free Report) last released its quarterly earnings results on Tuesday, December 5th. The textile maker reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.70. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.13 billion. G-III Apparel Group had a negative net margin of 3.57% and a positive return on equity of 12.32%. The business’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.35 EPS. As a group, analysts expect that G-III Apparel Group will post 3.97 EPS for the current year.

G-III Apparel Group Company Profile

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G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

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Analyst Recommendations for G-III Apparel Group (NASDAQ:GIII)

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