G-III Apparel Group (NASDAQ:GIII) had its price objective increased by stock analysts at Telsey Advisory Group from $36.00 to $39.00 in a research report issued on Wednesday, StockTargetPrices.com reports. The firm presently has an “outperform” rating on the textile maker’s stock. Telsey Advisory Group’s price target indicates a potential upside of 13.70% from the stock’s current price.

GIII has been the subject of several other research reports. Zacks Investment Research lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Piper Jaffray Companies set a $33.00 price target on G-III Apparel Group and gave the stock a “buy” rating in a research note on Thursday, October 19th. Buckingham Research lifted their price objective on G-III Apparel Group from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday, August 31st. Cowen set a $23.00 price objective on G-III Apparel Group and gave the stock a “hold” rating in a report on Monday, August 14th. Finally, ValuEngine upgraded G-III Apparel Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. G-III Apparel Group has a consensus rating of “Buy” and an average target price of $34.18.

Shares of G-III Apparel Group (NASDAQ GIII) opened at $34.30 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 2.75. G-III Apparel Group has a 52 week low of $18.00 and a 52 week high of $35.03. The stock has a market capitalization of $1,469.57, a PE ratio of 29.84, a price-to-earnings-growth ratio of 1.48 and a beta of 0.29.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, December 5th. The textile maker reported $1.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.13. G-III Apparel Group had a return on equity of 4.65% and a net margin of 1.23%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. sell-side analysts forecast that G-III Apparel Group will post 1.36 EPS for the current year.

In related news, Director Alan Feller sold 5,000 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $29.31, for a total transaction of $146,550.00. Following the transaction, the director now owns 20,609 shares in the company, valued at approximately $604,049.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Wayne S. Miller sold 50,000 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now 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 worth $1,682,990. Company insiders own 9.70% of the company’s stock.

Large investors have recently made changes to their positions in the stock. YorkBridge Wealth Partners LLC increased its holdings in G-III Apparel Group by 17.1% during 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 increased its holdings in G-III Apparel Group by 87.0% during 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. Zions Bancorporation purchased a new position in G-III Apparel Group during the 3rd quarter valued at about $151,000. UBS Group AG increased its holdings in G-III Apparel Group by 85.7% during 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. Finally, Invictus RG purchased a new position in G-III Apparel Group during the 3rd quarter valued at about $185,000.

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About G-III Apparel Group

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.

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