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

Several other equities analysts have also weighed in on GIII. BidaskClub upgraded shares of G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Buckingham Research increased their price target on shares of G-III Apparel Group, LTD. from $28.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday. KeyCorp restated a “buy” rating and set a $41.00 price target on shares of G-III Apparel Group, LTD. in a research report on Thursday, August 24th. Cowen and Company set a $23.00 price target on shares of G-III Apparel Group, LTD. and gave the company a “hold” rating in a research report on Monday, August 14th. Finally, Telsey Advisory Group increased their price target on shares of G-III Apparel Group, LTD. from $24.00 to $27.00 and gave the company a “market perform” rating in a research report on Wednesday, June 7th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. G-III Apparel Group, LTD. has a consensus rating of “Buy” and an average target price of $30.45.

G-III Apparel Group, LTD. (NASDAQ GIII) traded up 0.58% during mid-day trading on Friday, hitting $27.66. 586,724 shares of the stock were exchanged. G-III Apparel Group, LTD. has a 52 week low of $18.00 and a 52 week high of $33.24. The company has a market capitalization of $1.35 billion, a PE ratio of 33.81 and a beta of 0.26. The stock’s 50-day moving average is $25.61 and its 200 day moving average is $24.12.

G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its quarterly earnings results on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.22. The company had revenue of $529 million during 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 firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share. On average, analysts anticipate that G-III Apparel Group, LTD. will post $1.27 EPS for the current year.

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Large investors have recently made changes to their positions in the company. Comerica Bank lifted its holdings in shares of G-III Apparel Group, LTD. by 1.3% in the first quarter. Comerica Bank now owns 78,183 shares of the textile maker’s stock worth $1,922,000 after buying an additional 1,034 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings 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 in the last quarter. US Bancorp DE lifted its holdings in shares of 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 in the last quarter. Boston Partners lifted its holdings in shares of G-III Apparel Group, LTD. by 19.8% in the first quarter. Boston Partners now owns 154,339 shares of the textile maker’s stock worth $3,378,000 after buying an additional 25,549 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of G-III Apparel Group, LTD. by 21.1% in the first quarter. First Trust Advisors LP now owns 88,243 shares of the textile maker’s stock worth $1,932,000 after buying an additional 15,370 shares in the last quarter. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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