G-III Apparel Group Hits New 1-Year High at $84.95 (GIII)
G-III Apparel Group (NASDAQ:GIII)’s share price reached a new 52-week high on Tuesday , Analyst RN reports. The stock traded as high as $84.95 and last traded at $84.69, with a volume of 140,256 shares trading hands. The stock had previously closed at $82.39.
A number of analysts have recently weighed in on GIII shares. Analysts at Wunderlich initiated coverage on shares of G-III Apparel Group in a research note on Friday, August 15th. They set a “buy” rating and a $92.00 price target on the stock. Separately, analysts at Cowen and Company raised their price target on shares of G-III Apparel Group from $86.00 to $90.00 in a research note on Thursday, July 17th. They now have an “outperform” rating on the stock. Finally, 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $90.86.
The stock has a 50-day moving average of $79.88 and a 200-day moving average of $75.48. The company has a market cap of $1.727 billion and a price-to-earnings ratio of 22.30.
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 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 $4.12 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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