G-III Apparel Group, LTD. (NASDAQ:GIII) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of G-III Apparel Group, LTD. from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 22nd. Piper Jaffray Companies set a $19.00 target price on shares of G-III Apparel Group, LTD. and gave the company a “hold” rating in a research note on Monday, March 27th. KeyCorp reaffirmed an “overweight” rating and issued a $41.00 target price on shares of G-III Apparel Group, LTD. in a research note on Friday, April 7th. Cowen and Company reduced their target price on shares of G-III Apparel Group, LTD. from $27.00 to $22.00 and set a “market perform” rating on the stock in a research note on Tuesday, March 28th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $20.00 target price on shares of G-III Apparel Group, LTD. in a research note on Friday, May 26th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $29.67.

G-III Apparel Group, LTD. (NASDAQ:GIII) traded down 0.95% on Friday, hitting $24.95. 1,405,162 shares of the stock traded hands. The stock has a 50-day moving average of $22.68 and a 200-day moving average of $25.01. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 30.50 and a beta of 0.32. G-III Apparel Group, LTD. has a 12-month low of $18.00 and a 12-month high of $51.81.

G-III Apparel Group, LTD. (NASDAQ:GIII) last issued its earnings results on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.22. The company had revenue of $529 million for the quarter, compared to analyst estimates of $497.88 million. G-III Apparel Group, LTD. had a net margin of 1.58% and a return on equity of 5.57%. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. Analysts forecast that G-III Apparel Group, LTD. will post $1.27 earnings per share for the current year.

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In related news, Director Laura H. Pomerantz sold 2,310 shares of the stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of $24.32, for a total value of $56,179.20. Following the sale, the director now directly owns 25,198 shares in the company, valued at approximately $612,815.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Morris Goldfarb purchased 32,846 shares of the business’s stock in a transaction that occurred on Tuesday, April 4th. The stock was purchased at an average price of $22.16 per share, for a total transaction of $727,867.36. Following the completion of the transaction, the chief executive officer now directly owns 3,912,586 shares in the company, valued at $86,702,905.76. The disclosure for this purchase can be found here. Company insiders own 9.60% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of G-III Apparel Group, LTD. by 19,882.5% in the first quarter. BlackRock Inc. now owns 5,643,064 shares of the textile maker’s stock valued at $123,528,000 after buying an additional 5,614,824 shares during the period. Vanguard Group Inc. increased its stake in shares of G-III Apparel Group, LTD. by 6.6% in the first quarter. Vanguard Group Inc. now owns 3,611,330 shares of the textile maker’s stock valued at $79,052,000 after buying an additional 222,059 shares during the period. Bank of New York Mellon Corp increased its stake in shares of G-III Apparel Group, LTD. by 27.9% in the first quarter. Bank of New York Mellon Corp now owns 3,191,163 shares of the textile maker’s stock valued at $69,853,000 after buying an additional 696,693 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of G-III Apparel Group, LTD. by 30.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,997,215 shares of the textile maker’s stock valued at $43,719,000 after buying an additional 461,131 shares during the period. Finally, Aberdeen Asset Management PLC UK increased its stake in shares of G-III Apparel Group, LTD. by 25.6% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,766,229 shares of the textile maker’s stock valued at $38,662,000 after buying an additional 360,261 shares during the period. Institutional investors and hedge funds own 99.66% of the company’s stock.

G-III Apparel Group, LTD. Company Profile

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.

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

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