G-III Apparel Group, LTD. (NASDAQ:GIII) had its price target upped by equities research analysts at Stifel Nicolaus from $20.00 to $28.00 in a research report issued on Thursday, Marketbeat.com reports. The firm presently has a “hold” rating on the textile maker’s stock. Stifel Nicolaus’ target price points to a potential downside of 7.56% from the stock’s current price.

A number of other analysts also recently commented on the company. Telsey Advisory Group upgraded G-III Apparel Group, LTD. from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $27.00 to $36.00 in a research note on Wednesday. FBR & Co restated a “buy” rating and issued a $33.00 target price on shares of G-III Apparel Group, LTD. in a research note on Tuesday. ValuEngine upgraded G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Buckingham Research upped their target price on G-III Apparel Group, LTD. from $28.00 to $30.00 and gave the stock a “buy” rating in a research note on Thursday, August 31st. Finally, BidaskClub upgraded G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $32.45.

G-III Apparel Group, LTD. (NASDAQ GIII) traded up 0.07% on Thursday, reaching $30.31. The company had a trading volume of 629,346 shares. 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 capitalization of $1.47 billion, a price-to-earnings ratio of 37.05 and a beta of 0.26. The stock’s 50-day moving average price is $25.98 and its 200 day moving average price is $24.13.

G-III Apparel Group, LTD. (NASDAQ:GIII) last issued its earnings results on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.11. 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 $538 million for the quarter, compared to the consensus estimate of $522.45 million. During the same quarter in the prior year, the business earned $0.01 earnings per share. The company’s revenue was up 21.6% compared to the same quarter last year. On average, equities analysts anticipate that G-III Apparel Group, LTD. will post $1.27 earnings per share for the current fiscal year.

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A number of hedge funds have recently modified their holdings of GIII. YorkBridge Wealth Partners LLC boosted its position in G-III Apparel Group, LTD. by 17.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock worth $101,000 after purchasing an additional 580 shares in the last quarter. Flinton Capital Management LLC boosted its position in G-III Apparel Group, LTD. by 87.0% during the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock worth $101,000 after purchasing an additional 1,876 shares in the last quarter. State of Alaska Department of Revenue boosted its position in 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 purchasing an additional 80 shares in the last quarter. UBS Group AG boosted its position in G-III Apparel Group, LTD. by 85.7% during the first quarter. UBS Group AG now owns 5,850 shares of the textile maker’s stock worth $128,000 after purchasing an additional 2,699 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in G-III Apparel Group, LTD. during the second quarter worth approximately $193,000. Institutional investors own 99.38% 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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