Share on StockTwits

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.