G-III Apparel Group Receives Average Rating of “Buy” from Brokerages (NASDAQ:GIII)
G-III Apparel Group (NASDAQ:GIII) has been given an average recommendation of “Buy” by the ten analysts that are currently covering the stock, Analyst Ratings Net reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $85.99.
GIII has been the subject of a number of recent research reports. Analysts at Telsey Advisory Group raised their price target on shares of G-III Apparel Group from $74.00 to $90.00 in a research note on Wednesday. They now have a “not rated” rating on the stock. Separately, 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. Finally, 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.
G-III Apparel Group (NASDAQ:GIII) traded down 0.06% during mid-day trading on Wednesday, hitting $82.49. The stock had a trading volume of 69,003 shares. G-III Apparel Group has a 1-year low of $44.80 and a 1-year 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 $1.692 billion and a P/E ratio of 22.25.
G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.06 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.05 earnings per share. G-III Apparel Group’s revenue was up 34.3% compared to the same quarter last year. On average, analysts predict that G-III Apparel Group will post $4.15 earnings per share for the current fiscal year.
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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