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Investment analysts at Cowen and Company upped their price objective on shares of G-III Apparel Group (NASDAQ:GIII) from $86.00 to $90.00 in a note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price objective would suggest a potential upside of 15.46% from the stock’s previous close.

G-III Apparel Group (NASDAQ:GIII) traded down 1.90% on Thursday, hitting $77.95. The stock had a trading volume of 175,016 shares. G-III Apparel Group has a 1-year low of $44.80 and a 1-year high of $84.28. The stock has a 50-day moving average of $80.16 and a 200-day moving average of $73.57. The company has a market cap of $1.601 billion and a price-to-earnings ratio of 21.51.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Tuesday, June 3rd. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 34.3% on a year-over-year basis. On average, analysts predict that G-III Apparel Group will post $4.14 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. 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. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $88.84.

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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