Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have been given a consensus rating of “Buy” by the fourteen ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $33.45.

GIII has been the topic of several research analyst reports. Piper Jaffray Companies set a $33.00 price objective on G-III Apparel Group, LTD. and gave the company a “buy” rating in a research report on Thursday, October 19th. Cowen and Company set a $23.00 target price on G-III Apparel Group, LTD. and gave the stock a “hold” rating in a report on Monday, August 14th. Buckingham Research lifted their target price on G-III Apparel Group, LTD. from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 31st. Telsey Advisory Group raised G-III Apparel Group, LTD. from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $27.00 to $36.00 in a report on Wednesday, September 6th. Finally, ValuEngine raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a report on Friday, September 1st.

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G-III Apparel Group, LTD. (GIII) traded down $0.08 during trading on Monday, hitting $24.45. 173,268 shares of the stock traded hands, compared to its average volume of 536,916. The stock has a market cap of $1,196.04, a PE ratio of 24.29, a P/E/G ratio of 1.20 and a beta of 0.21. The company has a current ratio of 2.75, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $32.98.

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 Thomson Reuters’ consensus estimate of ($0.26) by $0.11. G-III Apparel Group, LTD. had a return on equity of 4.65% and a net margin of 1.23%. The company had revenue of $538.00 million for the quarter, compared to the consensus estimate of $522.45 million. During the same period in the previous year, the business earned $0.01 earnings per share. G-III Apparel Group, LTD.’s quarterly revenue was up 21.6% compared to the same quarter last year. sell-side analysts expect that G-III Apparel Group, LTD. will post 1.36 earnings per share for the current year.

In other news, Director Alan Feller sold 5,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $29.31, for a total transaction of $146,550.00. Following the transaction, the director now directly owns 20,609 shares in the company, valued at $604,049.79. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Wayne S. Miller sold 50,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the transaction, the chief operating officer now 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 three months, insiders sold 57,000 shares of company stock valued at $1,682,990. 9.70% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in G-III Apparel Group, LTD. by 45.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,904,916 shares of the textile maker’s stock worth $72,478,000 after buying an additional 907,701 shares in the last quarter. Renaissance Technologies LLC boosted 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 buying an additional 325,500 shares in the last quarter. Pinebridge Investments L.P. boosted 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 buying an additional 34,004 shares in the last quarter. Ingalls & Snyder LLC boosted its holdings in G-III Apparel Group, LTD. by 852.3% during the third quarter. Ingalls & Snyder LLC now owns 178,083 shares of the textile maker’s stock worth $5,168,000 after buying an additional 159,383 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC boosted 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 buying an additional 382,482 shares in the last quarter. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

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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