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Stock analysts at Brean Capital hoisted their target price on shares of G-III Apparel Group (NASDAQ:GIII) from $85.00 to $91.00 in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Brean Capital’s target price suggests a potential upside of 19.86% from the stock’s previous close.

G-III Apparel Group (NASDAQ:GIII) traded up 2.85% during mid-day trading on Tuesday, hitting $78.08. 491,140 shares of the company’s stock traded hands. G-III Apparel Group has a 1-year low of $44.80 and a 1-year high of $77.22. The stock has a 50-day moving average of $72.45 and a 200-day moving average of $69.79. The company has a market cap of $1.601 billion and a price-to-earnings ratio of 20.46.

G-III Apparel Group (NASDAQ:GIII) last released its earnings data on Tuesday, June 3rd. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.21. The company had revenue of $366.20 million for the quarter, compared to the consensus estimate of $346.13 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 34.3% on a year-over-year basis. Analysts expect that G-III Apparel Group will post $4.09 EPS for the current fiscal year.

A number of other firms have also recently commented on GIII. Analysts at Piper Jaffray raised their price target on shares of G-III Apparel Group from $80.00 to $85.00 in a research note on Tuesday, April 8th. Separately, analysts at Cowen and Company raised their price target on shares of G-III Apparel Group from $75.00 to $80.00 in a research note on Wednesday, April 2nd. Finally, analysts at Barclays initiated coverage on shares of G-III Apparel Group in a research note on Tuesday, March 18th. They set an “overweight” rating and a $82.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. G-III Apparel Group presently has a consensus rating of “Buy” and an average target price of $78.56.

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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