G-III Apparel Group Price Target Raised to $100.00 at Wunderlich (GIII)
Investment analysts at Wunderlich upped their target price on shares of G-III Apparel Group (NASDAQ:GIII) from $92.00 to $100.00 in a note issued to investors on Wednesday. The firm currently has a “buy” rating on the stock. Wunderlich’s price target would indicate a potential upside of 18.79% from the stock’s previous close.
A number of other firms have also recently commented on GIII. 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. 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 analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. G-III Apparel Group currently has an average rating of “Buy” and an average target price of $92.00.
G-III Apparel Group (NASDAQ:GIII) traded up 4.64% during mid-day trading on Wednesday, hitting $88.09. The stock had a trading volume of 476,145 shares. G-III Apparel Group has a 52 week low of $49.25 and a 52 week high of $84.95. The stock has a 50-day moving average of $80.46 and a 200-day moving average of $76.15. The company has a market cap of $1.809 billion and a P/E ratio of 22.79.
G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Wednesday, September 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.13. The company had revenue of $424.00 million for the quarter, compared to the consensus estimate of $391.00 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 39.4% on a year-over-year basis. Analysts expect that G-III Apparel Group will post $4.11 EPS 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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