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

Other research analysts have also recently issued research reports about the company. Brean Capital initiated coverage on G-III Apparel Group in a research note on Tuesday, June 21st. They set a “buy” rating and a $51.00 target price on the stock. TheStreet cut G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Zacks Investment Research raised G-III Apparel Group from a “sell” rating to a “hold” rating in a research note on Friday, June 24th. Cowen and Company cut G-III Apparel Group from an “outperform” rating to a “market perform” rating and set a $43.00 target price on the stock. in a research note on Tuesday, July 26th. Finally, Telsey Advisory Group cut G-III Apparel Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $54.00 to $45.00 in a research note on Tuesday, July 26th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.91.

G-III Apparel Group (NASDAQ:GIII) opened at 30.29 on Thursday. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 14.73 and a beta of 0.92. G-III Apparel Group has a 52-week low of $28.77 and a 52-week high of $69.26. The company’s 50-day moving average price is $36.84 and its 200-day moving average price is $43.04.

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G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Tuesday, August 30th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.21. The business had revenue of $442.30 million for the quarter, compared to the consensus estimate of $484.85 million. G-III Apparel Group had a net margin of 4.13% and a return on equity of 10.91%. The company’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. Equities research analysts expect that G-III Apparel Group will post $2.14 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of GIII. BlackRock Institutional Trust Company N.A. raised its stake in G-III Apparel Group by 1.0% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,020,460 shares of the company’s stock worth $49,890,000 after buying an additional 10,217 shares in the last quarter. BlackRock Group LTD raised its stake in G-III Apparel Group by 81.1% in the first quarter. BlackRock Group LTD now owns 80,265 shares of the company’s stock worth $3,925,000 after buying an additional 35,949 shares in the last quarter. BlackRock Inc. raised its stake in G-III Apparel Group by 856.5% in the first quarter. BlackRock Inc. now owns 18,528 shares of the company’s stock worth $906,000 after buying an additional 16,591 shares in the last quarter. Prudential Financial Inc. raised its stake in G-III Apparel Group by 4.7% in the first quarter. Prudential Financial Inc. now owns 97,718 shares of the company’s stock worth $4,777,000 after buying an additional 4,400 shares in the last quarter. Finally, Teachers Advisors Inc. raised its stake in G-III Apparel Group by 41.4% in the first quarter. Teachers Advisors Inc. now owns 327,767 shares of the company’s stock worth $16,025,000 after buying an additional 95,918 shares in the last quarter. 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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