G-III Apparel Group Receives Average Rating of “Buy” from Brokerages (NASDAQ:GIII)
Shares of G-III Apparel Group (NASDAQ:GIII) have earned an average rating of “Buy” from the ten analysts that are currently covering the stock, American Banking & Market News reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $87.41.
In other G-III Apparel Group news, CEO Morris Goldfarb sold 19,440 shares of the company’s stock on the open market in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $81.29, for a total value of $1,580,277.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
G-III Apparel Group (NASDAQ:GIII) traded down 0.27% on Monday, hitting $78.57. The stock had a trading volume of 23,441 shares. G-III Apparel Group has a 52 week low of $44.80 and a 52 week high of $84.28. The stock has a 50-day moving average of $79.92 and a 200-day moving average of $73.4. The company has a market cap of $1.614 billion and a P/E ratio of 21.33.
G-III Apparel Group (NASDAQ:GIII) last released its 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. Analysts expect that G-III Apparel Group will post $4.14 EPS for the current fiscal year.
GIII has been the subject of a number of recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of G-III Apparel Group in a research note on Friday, June 27th. They now have a $92.00 price target on the stock, up previously from $85.00. Separately, 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, June 4th. They now have a “not rated” rating on the stock. Finally, 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, June 4th.
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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