G-III Apparel Group, LTD. (NASDAQ:GIII)‘s stock had its “buy” rating restated by stock analysts at Buckingham Research in a report issued on Monday. They presently have a $28.00 price target on the textile maker’s stock. Buckingham Research’s price target indicates a potential upside of 20.64% from the company’s current price.

Several other research firms have also recently weighed in on GIII. BidaskClub raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. 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 report 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 price objective for the company in a research report on Thursday, June 8th. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Friday, May 26th. Finally, KeyCorp reissued an “overweight” rating and issued a $41.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Friday, April 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.82.

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) opened at 23.21 on Monday. G-III Apparel Group, LTD. has a 52 week low of $18.00 and a 52 week high of $51.81. The company has a 50 day moving average of $22.68 and a 200-day moving average of $25.01. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 28.37 and a beta of 0.32.

G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its quarterly earnings data on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share for the quarter, beating the 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 company had revenue of $529 million during the quarter, compared to analysts’ expectations of $497.88 million. During the same period in the prior year, the business earned $0.06 earnings per share. G-III Apparel Group, LTD.’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities research analysts expect that G-III Apparel Group, LTD. will post $1.27 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of GIII. BlackRock Inc. raised its position 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 worth $123,528,000 after buying an additional 5,614,824 shares during the last quarter. Vanguard Group Inc. raised its position 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 worth $79,052,000 after buying an additional 222,059 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 worth $69,853,000 after buying an additional 696,693 shares during the last quarter. Dimensional Fund Advisors LP raised its position 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 worth $43,719,000 after buying an additional 461,131 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK raised its position 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 worth $38,662,000 after buying an additional 360,261 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

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.

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

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