G-III Apparel Group Ltd. (NASDAQ:GIII)‘s stock had its “hold” rating restated by research analysts at Piper Jaffray Cos. in a research report issued to clients and investors on Thursday. They presently have a $31.00 target price on the stock. Piper Jaffray Cos.’s price objective indicates a potential upside of 2.34% from the stock’s previous close.

Several other research analysts also recently issued reports on GIII. Cowen and Company downgraded shares of G-III Apparel Group from an “outperform” rating to a “market perform” rating and set a $43.00 price objective on the stock. in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of G-III Apparel Group from a “sell” rating to a “hold” rating in a report on Tuesday, July 26th. Brean Capital restated a “buy” rating and set a $41.00 price objective on shares of G-III Apparel Group in a report on Thursday, September 1st. Telsey Advisory Group downgraded shares of G-III Apparel Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $54.00 to $45.00 in a report on Tuesday, July 26th. Finally, Stifel Nicolaus downgraded shares of G-III Apparel Group from a “hold” rating to a “sell” rating and set a $28.00 price objective on the stock. in a report on Wednesday, August 31st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. G-III Apparel Group has an average rating of “Hold” and a consensus target price of $46.91.

Shares of G-III Apparel Group (NASDAQ:GIII) opened at 30.29 on Thursday. The company has a market cap of $1.39 billion, a PE ratio of 14.73 and a beta of 0.92. The stock’s 50 day moving average price is $36.84 and its 200-day moving average price is $43.04. G-III Apparel Group has a 12-month low of $28.77 and a 12-month high of $69.26.

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G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Tuesday, August 30th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by $0.21. The firm earned $442.30 million during the quarter, compared to the consensus estimate of $484.85 million. G-III Apparel Group had a return on equity of 10.91% and a net margin of 4.13%. The business’s revenue was down 6.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 EPS. On average, equities research analysts forecast that G-III Apparel Group will post $2.14 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of G-III Apparel Group during the fourth quarter worth about $16,699,000. Fox Run Management L.L.C. bought a new position in shares of G-III Apparel Group during the first quarter worth about $386,000. Apex Capital Management raised its position in shares of G-III Apparel Group by 19.3% in the first quarter. Apex Capital Management now owns 340,008 shares of the company’s stock worth $16,623,000 after buying an additional 54,983 shares during the last quarter. Aperio Group LLC raised its position in shares of G-III Apparel Group by 34.3% in the first quarter. Aperio Group LLC now owns 8,001 shares of the company’s stock worth $391,000 after buying an additional 2,045 shares during the last quarter. Finally, Nisa Investment Advisors L.L.C. raised its position in shares of G-III Apparel Group by 98.0% in the first quarter. Nisa Investment Advisors L.L.C. now owns 20,200 shares of the company’s stock worth $988,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 99.88% of the company’s stock.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations, which consists of its licensed products and non-licensed products, and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under its own brands and private label brands, and retail operations, which consists of the Wilsons Leather and G.H.

5 Day Chart for NASDAQ:GIII

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