G-III Apparel Group, Ltd. (GIII) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have received a consensus rating of “Buy” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $35.40.

GIII has been the subject of a number of research analyst reports. Cowen set a $32.00 target price on G-III Apparel Group and gave the stock a “hold” rating in a research note on Thursday, November 30th. Zacks Investment Research lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Telsey Advisory Group raised their target price on G-III Apparel Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 6th. Piper Jaffray Companies set a $36.00 target price on G-III Apparel Group and gave the stock a “buy” rating in a research note on Wednesday, December 6th. Finally, BidaskClub upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd.

In other news, Vice Chairman Sammy Aaron sold 51,000 shares of the firm’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 sale, the insider now directly owns 556,152 shares in the company, valued at approximately $18,697,830.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bokhorst Willem Van sold 7,518 shares of the firm’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 sale, the director now owns 48,667 shares in the company, valued at $1,825,499.17. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.

Large investors have recently bought and sold shares of the company. Flinton Capital Management LLC grew its position in shares of 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 acquiring an additional 1,876 shares during the period. Zions Bancorporation acquired a new stake in shares of G-III Apparel Group during the 3rd quarter valued at about $151,000. CIBC Asset Management Inc acquired a new stake in shares of G-III Apparel Group during the 4th quarter valued at about $210,000. Amalgamated Bank acquired a new stake in shares of G-III Apparel Group during the 4th quarter valued at about $230,000. Finally, Invictus RG acquired a new stake in shares of G-III Apparel Group during the 3rd quarter valued at about $185,000.

Shares of G-III Apparel Group (NASDAQ GIII) traded up $0.75 during mid-day trading on Wednesday, reaching $35.99. The company had a trading volume of 326,600 shares, compared to its average volume of 606,224. The stock has a market cap of $1,729.61, a price-to-earnings ratio of 42.85, a price-to-earnings-growth ratio of 1.16 and a beta of 0.24. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.52 and a quick ratio of 1.91. G-III Apparel Group has a one year low of $18.00 and a one year high of $40.96.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Tuesday, December 5th. The textile maker reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.13. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.03 billion. G-III Apparel Group had a return on equity of 5.65% and a net margin of 1.58%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. equities analysts predict that G-III Apparel Group will post 1.51 earnings per share for the current year.

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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.

Analyst Recommendations for G-III Apparel Group (NASDAQ:GIII)

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