G-III Apparel Group Given New $90.00 Price Target at Telsey Advisory Group (GIII)
Equities researchers at Telsey Advisory Group boosted their price target on shares of G-III Apparel Group (NASDAQ:GIII) from $74.00 to $90.00 in a research report issued on Wednesday. The firm currently has a “not rated” rating on the stock. Telsey Advisory Group’s target price would indicate a potential upside of 9.04% from the stock’s previous close.
Shares of G-III Apparel Group (NASDAQ:GIII) traded down 0.10% on Wednesday, hitting $82.46. 85,460 shares of the company’s stock traded hands. G-III Apparel Group has a 52 week low of $44.80 and a 52 week high of $83.31. The stock’s 50-day moving average is $72.76 and its 200-day moving average is $69.96. The company has a market cap of $1.691 billion and a P/E ratio of 22.25.
G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Tuesday, June 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 34.3% on a year-over-year basis. On average, analysts predict that G-III Apparel Group will post $4.15 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on GIII. Analysts at KeyCorp raised their price target on shares of G-III Apparel Group from $76.00 to $96.00 in a research note on Wednesday. Separately, analysts at Brean Capital raised their price target on shares of G-III Apparel Group from $85.00 to $91.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. G-III Apparel Group presently has an average rating of “Buy” and an average price target of $85.99.
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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