G-III Apparel Group, LTD. (NASDAQ:GIII)‘s stock had its “buy” rating restated by Buckingham Research in a research report issued to clients and investors on Thursday. They currently have a $35.00 price target on the textile maker’s stock, up from their previous price target of $30.00. Buckingham Research’s price target suggests a potential upside of 15.55% from the company’s previous close.

Several other equities analysts also recently commented on GIII. BidaskClub raised shares of G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Stifel Nicolaus reissued a “hold” rating and issued a $20.00 price objective on shares of G-III Apparel Group, LTD. in a research note on Friday, May 26th. Piper Jaffray Companies raised shares of G-III Apparel Group, LTD. from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a research note on Wednesday, August 23rd. Wunderlich reissued a “buy” rating and issued a $33.00 price objective on shares of G-III Apparel Group, LTD. in a research note on Tuesday, June 6th. Finally, FBR & Co reissued an “outperform” rating and issued a $33.00 price objective on shares of G-III Apparel Group, LTD. in a research note on Tuesday, July 11th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $32.45.

G-III Apparel Group, LTD. (GIII) traded up 0.050% during mid-day trading on Thursday, hitting $30.305. 708,423 shares of the stock traded hands. The firm’s 50-day moving average price is $25.98 and its 200-day moving average price is $24.13. G-III Apparel Group, LTD. has a 52 week low of $18.00 and a 52 week high of $32.98. The firm has a market cap of $1.47 billion, a P/E ratio of 37.048 and a beta of 0.26.

G-III Apparel Group, LTD. (NASDAQ:GIII) last issued its quarterly earnings results on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.11. G-III Apparel Group, LTD. had a net margin of 1.58% and a return on equity of 5.57%. The company had revenue of $538 million during the quarter, compared to the consensus estimate of $522.45 million. During the same quarter in the prior year, the firm posted $0.01 EPS. The firm’s quarterly revenue was up 21.6% on a year-over-year basis. On average, equities analysts forecast that G-III Apparel Group, LTD. will post $1.27 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Teachers Advisors LLC increased its position in shares of G-III Apparel Group, LTD. by 2.3% during the fourth quarter. Teachers Advisors LLC now owns 70,897 shares of the textile maker’s stock worth $2,096,000 after buying an additional 1,623 shares during the period. Bank of Montreal Can increased its position in shares of G-III Apparel Group, LTD. by 1,058.4% during the first quarter. Bank of Montreal Can now owns 18,731 shares of the textile maker’s stock worth $410,000 after buying an additional 17,114 shares during the period. Capstone Asset Management Co. increased its position in shares of G-III Apparel Group, LTD. by 3.6% during the first quarter. Capstone Asset Management Co. now owns 16,855 shares of the textile maker’s stock worth $369,000 after buying an additional 579 shares during the period. Louisiana State Employees Retirement System increased its position in shares of G-III Apparel Group, LTD. by 1.1% during 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 period. Finally, State of Alaska Department of Revenue increased its position in shares of G-III Apparel Group, LTD. by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 4,830 shares of the textile maker’s stock worth $105,000 after buying an additional 80 shares during the period. Hedge funds and other institutional investors 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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