G-III Apparel Group Given New $96.00 Price Target at KeyCorp (GIII)
Investment analysts at KeyCorp boosted their price target on shares of G-III Apparel Group (NASDAQ:GIII) from $76.00 to $96.00 in a note issued to investors on Wednesday. KeyCorp’s target price would indicate a potential upside of 16.31% from the stock’s previous close.
G-III Apparel Group (NASDAQ:GIII) traded down 0.13% on Wednesday, hitting $82.435. 85,566 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 has a 50-day moving average of $72.76 and a 200-day moving average of $69.96. The company has a market cap of $1.691 billion and a price-to-earnings 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.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price 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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