G-III Apparel Group, LTD. (NASDAQ:GIII) has been assigned an average recommendation of “Buy” from the fourteen brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $32.91.

Several brokerages have commented on GIII. BidaskClub raised shares of G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research report on Wednesday, June 14th. Cowen and Company set a $30.00 price target on shares of G-III Apparel Group, LTD. and gave the stock a “hold” rating in a research report on Thursday. Buckingham Research reissued a “buy” rating and set a $28.00 price target on shares of G-III Apparel Group, LTD. in a research report on Monday, July 17th. FBR & Co reissued an “outperform” rating and set a $33.00 price target on shares of G-III Apparel Group, LTD. in a research report on Tuesday, July 11th. Finally, Standpoint Research cut shares of G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a research report on Tuesday, August 15th.

In other news, Director Alan Feller sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $29.22, for a total value of $58,440.00. Following the sale, the director now directly owns 20,609 shares of the company’s stock, valued at approximately $602,194.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Wayne S. Miller sold 50,000 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the completion of the sale, the chief operating officer now directly owns 269,531 shares in the company, valued at $7,967,336.36. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 57,000 shares of company stock worth $1,682,990. 9.60% of the stock is owned by insiders.

Several hedge funds have recently modified their holdings of GIII. YorkBridge Wealth Partners LLC raised its holdings in shares of G-III Apparel Group, LTD. by 17.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock valued at $101,000 after purchasing an additional 580 shares during the period. Flinton Capital Management LLC raised its holdings in shares of G-III Apparel Group, LTD. by 87.0% in the 2nd quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock valued at $101,000 after purchasing an additional 1,876 shares during the period. UBS Group AG raised its holdings in shares of G-III Apparel Group, LTD. by 85.7% in the 1st quarter. UBS Group AG now owns 5,850 shares of the textile maker’s stock valued at $128,000 after purchasing an additional 2,699 shares during the period. SG Americas Securities LLC bought a new stake in shares of G-III Apparel Group, LTD. in the 2nd quarter valued at about $193,000. Finally, Aperio Group LLC bought a new stake in shares of G-III Apparel Group, LTD. in the 2nd quarter valued at about $204,000. 99.38% of the stock is currently owned by institutional investors.

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G-III Apparel Group, LTD. (NASDAQ GIII) traded down 2.18% during trading on Thursday, reaching $26.03. 850,188 shares of the company’s stock traded hands. The firm has a market cap of $1.27 billion, a PE ratio of 39.56 and a beta of 0.23. The firm has a 50 day moving average price of $28.42 and a 200-day moving average price of $24.87. G-III Apparel Group, LTD. has a 12 month low of $18.00 and a 12 month high of $32.98.

G-III Apparel Group, LTD. (NASDAQ:GIII) last issued its quarterly earnings results on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.11. G-III Apparel Group, LTD. had a net margin of 1.23% and a return on equity of 4.65%. The firm had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $522.45 million. During the same period in the previous year, the firm posted $0.01 EPS. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. On average, analysts forecast that G-III Apparel Group, LTD. will post $1.35 earnings per share for the current fiscal year.

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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