G-III Apparel Group, LTD. (NASDAQ:GIII) received a $33.00 price objective from equities researchers at Piper Jaffray Companies in a report issued on Thursday. The firm currently has a “buy” rating on the textile maker’s stock. Piper Jaffray Companies’ target price suggests a potential upside of 26.15% from the stock’s previous close.

Several other equities analysts also recently weighed in on GIII. BidaskClub downgraded G-III Apparel Group, LTD. from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. FBR & Co reiterated 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. Buckingham Research reiterated a “buy” rating and issued a $28.00 price objective on shares of G-III Apparel Group, LTD. in a research note on Monday, July 17th. Zacks Investment Research cut G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Cowen and Company set a $23.00 price objective on G-III Apparel Group, LTD. and gave the company a “hold” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $33.45.

G-III Apparel Group, LTD. (NASDAQ:GIII) traded down 0.30% during mid-day trading on Thursday, reaching $26.16. 505,992 shares of the company were exchanged. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 39.76 and a beta of 0.23. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $32.98. The stock’s 50-day moving average price is $28.25 and its 200-day moving average price is $25.08.

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

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

Large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in shares of G-III Apparel Group, LTD. by 45.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,904,916 shares of the textile maker’s stock valued at $72,478,000 after purchasing an additional 907,701 shares during the period. Renaissance Technologies LLC grew its holdings in G-III Apparel Group, LTD. by 1,030.1% during the first quarter. Renaissance Technologies LLC now owns 357,100 shares of the textile maker’s stock worth $7,817,000 after acquiring an additional 325,500 shares during the period. Pinebridge Investments L.P. grew its holdings in G-III Apparel Group, LTD. by 145.1% during the second quarter. Pinebridge Investments L.P. now owns 57,443 shares of the textile maker’s stock worth $1,433,000 after acquiring an additional 34,004 shares during the period. Cramer Rosenthal Mcglynn LLC grew its holdings in G-III Apparel Group, LTD. by 26.7% during the second quarter. Cramer Rosenthal Mcglynn LLC now owns 1,816,332 shares of the textile maker’s stock worth $45,317,000 after acquiring an additional 382,482 shares during the period. Finally, US Bancorp DE grew its holdings in G-III Apparel Group, LTD. by 4.3% during the second quarter. US Bancorp DE now owns 91,062 shares of the textile maker’s stock worth $2,272,000 after acquiring an additional 3,732 shares during the period. 99.38% of the stock is currently owned by institutional investors and hedge funds.

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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