G-III Apparel Group (NASDAQ:GIII)‘s stock had its “outperform” rating reiterated by research analysts at Telsey Advisory Group in a research report issued to clients and investors on Friday, MarketBeat reports. They presently have a $47.00 price target on the textile maker’s stock, down from their previous price target of $54.00. Telsey Advisory Group’s price target would suggest a potential upside of 43.07% from the company’s current price.
Several other equities analysts have also weighed in on the stock. Piper Jaffray Companies set a $50.00 target price on shares of G-III Apparel Group and gave the company a “buy” rating in a report on Thursday. Zacks Investment Research lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 13th. BidaskClub raised shares of G-III Apparel Group from a “buy” rating to a “strong-buy” rating in a report on Friday, November 2nd. Cowen set a $45.00 target price on shares of G-III Apparel Group and gave the company a “buy” rating in a report on Thursday, October 18th. Finally, B. Riley raised shares of G-III Apparel Group from a “neutral” rating to a “buy” rating and set a $47.00 target price for the company in a report on Thursday, October 18th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $47.91.
NASDAQ:GIII opened at $32.85 on Friday. The company has a quick ratio of 0.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.72 billion, a PE ratio of 13.53, a PEG ratio of 0.85 and a beta of 0.33. G-III Apparel Group has a 1-year low of $30.36 and a 1-year high of $51.20.
G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Thursday, December 6th. The textile maker reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.07. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. G-III Apparel Group had a net margin of 3.75% and a return on equity of 11.83%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. Analysts expect that G-III Apparel Group will post 2.75 earnings per share for the current fiscal year.
In related news, COO Wayne S. Miller sold 19,448 shares of G-III Apparel Group stock in a transaction on Monday, October 8th. The shares were sold at an average price of $40.09, for a total value of $779,670.32. Following the sale, the chief operating officer now owns 248,621 shares of the company’s stock, valued at approximately $9,967,215.89. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in GIII. Rothschild & Co. Asset Management US Inc. acquired a new stake in G-III Apparel Group in the 3rd quarter valued at $28,845,000. FMR LLC grew its stake in G-III Apparel Group by 20.1% in the 3rd quarter. FMR LLC now owns 3,239,941 shares of the textile maker’s stock valued at $156,132,000 after acquiring an additional 543,174 shares during the period. Jennison Associates LLC grew its stake in G-III Apparel Group by 191.4% in the 3rd quarter. Jennison Associates LLC now owns 791,197 shares of the textile maker’s stock valued at $38,128,000 after acquiring an additional 519,672 shares during the period. Copper Rock Capital Partners LLC acquired a new stake in G-III Apparel Group in the 3rd quarter valued at $24,060,000. Finally, Vanguard Group Inc. grew its stake in G-III Apparel Group by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,346,116 shares of the textile maker’s stock valued at $209,439,000 after acquiring an additional 426,960 shares during the period.
G-III Apparel Group Company Profile
G-III Apparel Group, Ltd. designs, manufactures, and markets women's and men's apparel in the United States and internationally. The company operates in two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.
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