G-III Apparel Group Ltd. (GIII) Given Average Recommendation of “Hold” by Brokerages
Shares of G-III Apparel Group Ltd. (NASDAQ:GIII) have received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $41.80.
Several equities research analysts recently issued reports on GIII shares. Brean Capital reaffirmed a “buy” rating and issued a $41.00 price objective on shares of G-III Apparel Group in a research note on Thursday, September 1st. Piper Jaffray Cos. reaffirmed a “buy” rating on shares of G-III Apparel Group in a research note on Wednesday, June 15th. Standpoint Research raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Tuesday, October 4th. Zacks Investment Research raised shares of G-III Apparel Group from a “sell” rating to a “hold” rating in a research note on Friday, August 26th. Finally, TheStreet lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th.
Several hedge funds and other institutional investors have recently bought and sold shares of GIII. Pacer Advisors Inc. bought a new position in G-III Apparel Group during the second quarter valued at about $134,000. Tower Research Capital LLC TRC bought a new position in G-III Apparel Group during the second quarter valued at about $143,000. Pitcairn Co. increased its position in G-III Apparel Group by 0.3% in the second quarter. Pitcairn Co. now owns 4,565 shares of the company’s stock valued at $208,000 after buying an additional 14 shares during the last quarter. Amalgamated Bank increased its position in G-III Apparel Group by 18.4% in the second quarter. Amalgamated Bank now owns 4,968 shares of the company’s stock valued at $211,000 after buying an additional 772 shares during the last quarter. Finally, PineBridge Investments L.P. increased its position 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 valued at $232,000 after buying an additional 189 shares during the last quarter. Institutional investors own 99.88% of the company’s stock.
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Shares of G-III Apparel Group (NASDAQ:GIII) traded up 1.42% during mid-day trading on Wednesday, hitting $29.31. The stock had a trading volume of 137,830 shares. G-III Apparel Group has a 52 week low of $28.26 and a 52 week high of $64.60. The stock has a 50-day moving average price of $31.90 and a 200 day moving average price of $40.80. The stock has a market cap of $1.34 billion, a P/E ratio of 14.25 and a beta of 0.75.
G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Tuesday, August 30th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by $0.21. G-III Apparel Group had a net margin of 4.13% and a return on equity of 10.91%. The business earned $442.30 million during the quarter, compared to analyst estimates of $484.85 million. During the same period in the previous year, the firm posted $0.27 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis. On average, equities analysts forecast that G-III Apparel Group will post $2.12 EPS for the current fiscal year.
About G-III Apparel Group
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.
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