G-III Apparel Group, LTD. (NASDAQ:GIII) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other brokerages have also recently issued reports on GIII. Piper Jaffray Companies set a $22.00 price objective on G-III Apparel Group, LTD. and gave the company a “hold” rating in a research note on Tuesday, June 6th. Zacks Investment Research raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating and set a $30.00 target price for the company in a report on Thursday, June 8th. Stifel Nicolaus reaffirmed a “hold” rating and set a $20.00 target price on shares of G-III Apparel Group, LTD. in a report on Friday, May 26th. KeyCorp reaffirmed an “overweight” rating and set a $41.00 target price on shares of G-III Apparel Group, LTD. in a report on Friday, April 7th. Finally, Telsey Advisory Group lifted their target price on G-III Apparel Group, LTD. from $24.00 to $27.00 and gave the company a “market perform” rating in a report on Wednesday, June 7th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $29.67.

Analyst Recommendations for G-III Apparel Group, LTD. (NASDAQ:GIII)

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) traded up 1.36% during trading on Wednesday, reaching $26.16. 922,301 shares of the company traded hands. G-III Apparel Group, LTD. has a 12 month low of $18.00 and a 12 month high of $51.81. The company has a 50-day moving average of $22.33 and a 200-day moving average of $25.33. The stock has a market capitalization of $1.27 billion, a PE ratio of 31.98 and a beta of 0.32.

G-III Apparel Group, LTD. (NASDAQ:GIII) last announced its quarterly earnings data on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.40) by $0.22. G-III Apparel Group, LTD. had a return on equity of 5.57% and a net margin of 1.58%. The business had revenue of $529 million for the quarter, compared to analysts’ expectations of $497.88 million. During the same period in the previous year, the business posted $0.06 EPS. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. Analysts forecast that G-III Apparel Group, LTD. will post $1.27 earnings per share for the current fiscal year.

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In other G-III Apparel Group, LTD. news, CEO Morris Goldfarb acquired 32,846 shares of the business’s stock in a transaction dated Tuesday, April 4th. The stock was bought at an average price of $22.16 per share, with a total value of $727,867.36. Following the completion of the acquisition, the chief executive officer now owns 3,912,586 shares of the company’s stock, valued at $86,702,905.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Laura H. Pomerantz sold 2,310 shares of the business’s stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $24.32, for a total value of $56,179.20. Following the transaction, the director now directly owns 25,198 shares of the company’s stock, valued at approximately $612,815.36. The disclosure for this sale can be found here. 9.70% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of GIII. State of Alaska Department of Revenue raised its position in shares of G-III Apparel Group, LTD. by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 4,830 shares of the textile maker’s stock valued at $105,000 after buying an additional 80 shares during the last quarter. UBS Group AG increased its stake in G-III Apparel Group, LTD. by 85.7% in the first quarter. UBS Group AG now owns 5,850 shares of the textile maker’s stock worth $128,000 after buying an additional 2,699 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in G-III Apparel Group, LTD. by 6.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,000 shares of the textile maker’s stock worth $219,000 after buying an additional 610 shares during the last quarter. Genesee Valley Trust Co. increased its stake in G-III Apparel Group, LTD. by 7.0% in the first quarter. Genesee Valley Trust Co. now owns 10,209 shares of the textile maker’s stock worth $223,000 after buying an additional 669 shares during the last quarter. Finally, Mason Street Advisors LLC increased its stake in G-III Apparel Group, LTD. by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,236 shares of the textile maker’s stock worth $224,000 after buying an additional 670 shares during the last quarter. 99.68% of the stock is owned by institutional investors.

About G-III Apparel Group, LTD.

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.

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