G-III Apparel Group Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:GIII)
G-III Apparel Group (NASDAQ:GIII) has received a consensus rating of “Buy” from the ten analysts that are currently covering the stock, AnalystRatingsNetwork reports. Three research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $66.38.
Shares of G-III Apparel Group (NASDAQ:GIII) traded up 0.73% during mid-day trading on Wednesday, hitting $67.056. 31,398 shares of the company’s stock traded hands. G-III Apparel Group has a one year low of $35.55 and a one year high of $74.88. The stock has a 50-day moving average of $70.31 and a 200-day moving average of $59.24. The company has a market cap of $1.368 billion and a price-to-earnings ratio of 19.00.
G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Wednesday, December 4th. The company reported $2.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.61 by $0.27. The company had revenue of $668.70 million for the quarter, compared to the consensus estimate of $629.28 million. During the same quarter in the prior year, the company posted $2.37 earnings per share. The company’s quarterly revenue was up 23.0% on a year-over-year basis. On average, analysts predict that G-III Apparel Group will post $3.61 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of G-III Apparel Group from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 4th. They now have a $77.90 price target on the stock. Finally, analysts at Telsey Advisory Group raised their price target on shares of G-III Apparel Group from $60.00 to $72.00 in a research note on Thursday, December 5th. They now have a “not rated” rating on the stock.
G-III Apparel Group, Ltd. (NASDAQ:GIII) designs, manufactures and markets a range of apparel, including outerwear, dresses, sportswear, women’s suits and women’s performance wear, as well as luggage and women’s handbags, small leather goods and cold weather accessories.
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