G-III Apparel Group, Ltd. (NASDAQ:GIII) has been given an average rating of “Buy” by the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $34.90.
GIII has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of G-III Apparel Group from a “hold” rating to a “strong-buy” rating and set a $40.00 price target for the company in a research note on Thursday, December 7th. BidaskClub raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Cowen set a $32.00 price objective on shares of G-III Apparel Group and gave the stock a “hold” rating in a report on Thursday, November 30th. Telsey Advisory Group lifted their price objective on shares of G-III Apparel Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. Finally, Piper Jaffray Companies set a $36.00 price objective on shares of G-III Apparel Group and gave the stock a “buy” rating in a report on Wednesday, December 6th.
Shares of G-III Apparel Group (NASDAQ:GIII) traded up $1.01 during mid-day trading on Friday, reaching $39.89. 830,807 shares of the company’s stock were exchanged, compared to its average volume of 619,557. The company has a market cap of $1,908.27, a price-to-earnings ratio of 47.49, a PEG ratio of 1.72 and a beta of 0.28. The company has a quick ratio of 1.91, a current ratio of 3.52 and a debt-to-equity ratio of 0.66. G-III Apparel Group has a fifty-two week low of $18.00 and a fifty-two week high of $40.96.
In related news, Director Bokhorst Willem Van sold 7,518 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $37.51, for a total value of $282,000.18. Following the transaction, the director now directly owns 48,667 shares of the company’s stock, valued at approximately $1,825,499.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the completion of the transaction, the insider now directly owns 556,152 shares in the company, valued at $18,697,830.24. The disclosure for this sale can be found here. 9.60% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Ingalls & Snyder LLC boosted its holdings in shares of G-III Apparel Group by 852.3% in the 3rd 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 during the last quarter. Cortina Asset Management LLC purchased a new position in shares of G-III Apparel Group in the 3rd quarter worth about $4,709,000. Scout Investments Inc. boosted its holdings in shares of G-III Apparel Group by 42.5% in the 3rd quarter. Scout Investments Inc. now owns 70,350 shares of the textile maker’s stock worth $2,042,000 after buying an additional 20,975 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of G-III Apparel Group by 45.4% in the 2nd 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 during the last quarter. Finally, Pinebridge Investments L.P. boosted its holdings in shares of G-III Apparel Group by 145.1% in the 2nd 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 during the last quarter.
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G-III Apparel Group 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.
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