G-III Apparel Group Ltd. (GIII) Upgraded at Standpoint Research
G-III Apparel Group Ltd. (NASDAQ:GIII) was upgraded by Standpoint Research from a “hold” rating to a “buy” rating in a report issued on Tuesday.
Several other research firms also recently commented on GIII. Brean Capital began coverage on shares of G-III Apparel Group in a research note on Tuesday, June 21st. They set a “buy” rating and a $51.00 price objective for the company. Piper Jaffray Cos. restated a “buy” rating on shares of G-III Apparel Group in a research report on Wednesday, June 15th. Zacks Investment Research upgraded shares of G-III Apparel Group from a “sell” rating to a “hold” rating in a research report on Friday, June 24th. Cowen and Company downgraded shares of G-III Apparel Group from an “outperform” rating to a “market perform” rating and set a $43.00 target price for the company. in a research report on Tuesday, July 26th. Finally, Telsey Advisory Group downgraded shares of G-III Apparel Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $54.00 to $45.00 in a research report on Tuesday, July 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. G-III Apparel Group presently has a consensus rating of “Hold” and an average target price of $41.80.
G-III Apparel Group (NASDAQ:GIII) opened at 29.54 on Tuesday. The company has a market cap of $1.35 billion, a P/E ratio of 14.36 and a beta of 0.75. The firm’s 50 day moving average is $32.68 and its 200 day moving average is $41.04. G-III Apparel Group has a 12-month low of $28.26 and a 12-month high of $65.65.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/09/g-iii-apparel-group-ltd-giii-upgraded-at-standpoint-research.html
G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Tuesday, August 30th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.21. G-III Apparel Group had a return on equity of 10.91% and a net margin of 4.13%. The company had revenue of $442.30 million for the quarter, compared to analyst estimates of $484.85 million. During the same quarter in the previous year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was down 6.7% on a year-over-year basis. Equities research analysts anticipate that G-III Apparel Group will post $2.12 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in GIII. Pacer Advisors Inc. bought a new stake in G-III Apparel Group during the second quarter worth approximately $134,000. Tower Research Capital LLC TRC bought a new stake in G-III Apparel Group during the second quarter worth approximately $143,000. Pitcairn Co. boosted its stake in G-III Apparel Group by 0.3% in the second quarter. Pitcairn Co. now owns 4,565 shares of the company’s stock worth $208,000 after buying an additional 14 shares in the last quarter. Amalgamated Bank boosted its stake in G-III Apparel Group by 18.4% in the second quarter. Amalgamated Bank now owns 4,968 shares of the company’s stock worth $211,000 after buying an additional 772 shares in the last quarter. Finally, PineBridge Investments L.P. boosted its stake in G-III Apparel Group by 3.9% in the second quarter. PineBridge Investments L.P. now owns 5,086 shares of the company’s stock worth $232,000 after buying an additional 189 shares in the last quarter. 99.88% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Ratings for G-III Apparel Group Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.