G-III Apparel Group, LTD. (NASDAQ:GIII) was downgraded by equities research analysts at Standpoint Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports.

Several other brokerages also recently weighed in on GIII. Zacks Investment Research downgraded G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub upgraded G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating in a report on Tuesday, August 8th. Cowen and Company set a $23.00 price target on G-III Apparel Group, LTD. and gave the stock a “hold” rating in a report on Monday. Buckingham Research restated a “buy” rating and set a $28.00 price target on shares of G-III Apparel Group, LTD. in a report on Monday, July 17th. Finally, Telsey Advisory Group upped their price target on G-III Apparel Group, LTD. from $24.00 to $27.00 and gave the stock a “market perform” rating in a report on Wednesday, June 7th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. G-III Apparel Group, LTD. has an average rating of “Buy” and an average price target of $29.82.

G-III Apparel Group, LTD. (NASDAQ:GIII) traded down 9.11% during trading on Tuesday, reaching $24.15. The company’s stock had a trading volume of 649,481 shares. The stock has a 50 day moving average price of $25.00 and a 200 day moving average price of $24.08. The stock has a market capitalization of $1.18 billion, a PE ratio of 29.52 and a beta of 0.33. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $44.85.

G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its earnings results on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $529 million for the quarter, compared to analyst estimates of $497.88 million. During the same quarter in the prior year, the company earned $0.06 EPS. G-III Apparel Group, LTD.’s revenue was up 15.7% on a year-over-year basis. Analysts anticipate that G-III Apparel Group, LTD. will post $1.26 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN increased its position in G-III Apparel Group, LTD. by 97.1% in the first quarter. Wells Fargo & Company MN now owns 857,418 shares of the textile maker’s stock worth $18,768,000 after buying an additional 422,320 shares during the last quarter. Louisiana State Employees Retirement System increased its position in G-III Apparel Group, LTD. by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the textile maker’s stock worth $390,000 after buying an additional 200 shares during the last quarter. Renaissance Technologies LLC increased its position in G-III Apparel Group, LTD. by 1,030.1% in the first quarter. Renaissance Technologies LLC now owns 357,100 shares of the textile maker’s stock worth $7,817,000 after buying an additional 325,500 shares during the last quarter. US Bancorp DE increased its position in G-III Apparel Group, LTD. by 19.6% in the first quarter. US Bancorp DE now owns 87,330 shares of the textile maker’s stock worth $1,912,000 after buying an additional 14,286 shares during the last quarter. Finally, Arizona State Retirement System increased its position in G-III Apparel Group, LTD. by 0.9% in the first quarter. Arizona State Retirement System now owns 22,775 shares of the textile maker’s stock worth $499,000 after buying an additional 200 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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