Analysts Set G-III Apparel Group, Ltd. (NASDAQ:GIII) Price Target at $32.20

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been given an average rating of “Hold” by the five research firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $32.20.

Several research analysts recently issued reports on the company. UBS Group dropped their price objective on G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Barclays cut their price target on G-III Apparel Group from $25.00 to $21.00 and set an “underweight” rating on the stock in a research note on Monday, April 28th. StockNews.com lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, April 9th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $30.00 price target on shares of G-III Apparel Group in a report on Friday, April 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund grew its holdings in G-III Apparel Group by 46.6% in the fourth quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker’s stock worth $1,438,000 after purchasing an additional 14,016 shares during the last quarter. JPMorgan Chase & Co. grew its stake in G-III Apparel Group by 80.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 133,518 shares of the textile maker’s stock worth $4,075,000 after buying an additional 59,718 shares during the last quarter. Victory Capital Management Inc. increased its position in G-III Apparel Group by 513.2% during the 4th quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock valued at $18,430,000 after buying an additional 472,862 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in G-III Apparel Group in the fourth quarter valued at about $375,000. Finally, EMC Capital Management boosted its holdings in G-III Apparel Group by 345.5% in the fourth quarter. EMC Capital Management now owns 11,965 shares of the textile maker’s stock worth $390,000 after acquiring an additional 9,279 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

Shares of G-III Apparel Group stock opened at $25.56 on Thursday. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $25.69 and its two-hundred day moving average is $29.34. G-III Apparel Group has a 52 week low of $20.66 and a 52 week high of $36.18. The company has a market capitalization of $1.12 billion, a PE ratio of 6.71 and a beta of 1.63.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.30. The company had revenue of $839.50 million during the quarter, compared to analyst estimates of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. As a group, analysts expect that G-III Apparel Group will post 4.16 earnings per share for the current year.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through 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.