G-III Apparel Group, Ltd. (NASDAQ: GIII) receives an average “hold” recommendation from brokerages
G-III Apparel Group, Ltd. (NASDAQ:GIII – Get Rating) received an average rating of “Hold” from the six analysts who cover the stock, reports MarketBeat.com. Four investment analysts gave the stock a hold rating and one gave the company a buy rating. The average 1-year price target among brokers who have hedged the stock over the past year is $27.25.
GIII has been the subject of several recent research reports. Barclays reissued an “equal weight” rating and posted a $22.00 price target on G-III Apparel Group shares in a research note on Wednesday, June 15. B. Riley lowered his price target on G-III Apparel Group stock from $41.00 to $37.00 and set a “buy” rating on the stock in a Wednesday, June 8 research note. Telsey Advisory Group lowered its price target on G-III Apparel Group shares from $38.00 to $30.00 and set a “market performance” rating on the stock in a Monday research note March 14. StockNews.com upgraded G-III Apparel Group’s shares from a “buy” to a “hold” rating in a Wednesday, June 8 research note. Finally, Wells Fargo & Company began covering shares of G-III Apparel Group in a research note on Monday. They issued an “equal weight” rating and $20.00 price target on the stock.
Several large investors have recently bought and sold shares of GIII. Wasatch Advisors Inc. acquired a new stock position in G-III Apparel Group during Q1 valued at $28,890,000. Goldman Sachs Group Inc. increased its stake in G-III Apparel Group shares by 590.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,172,073 shares of the textile maker worth $32,396,000 after buying an additional 1,002,261 shares during the period. Vanguard Group Inc. increased its position in G-III Apparel Group shares by 7.3% in the first quarter. Vanguard Group Inc. now owns 4,874,631 shares of the textile maker worth $131,858,000 after buying an additional 332,865 shares last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of G-III Apparel Group in Q1 valued at approximately $8,968,000. Finally, Assenagon Asset Management SA strengthened its position in G-III Apparel Group shares by 762.2% in the 1st quarter. Assenagon Asset Management SA now owns 324,866 shares of the textile maker worth $8,788,000 after buying an additional 287,189 shares last quarter. 92.61% of the shares are currently held by institutional investors and hedge funds.
GIII stock opened at $20.79 on Monday. The company has a fifty-day moving average price of $23.43 and a 200-day moving average price of $26.07. G-III Apparel Group has a 12-month low of $19.38 and a 12-month high of $35.12. The company has a market capitalization of $1.00 billion, a price/earnings ratio of 5.01 and a beta of 2.51. The company has a debt ratio of 0.33, a current ratio of 3.58 and a quick ratio of 2.36.
G-III Apparel Group (NASDAQ:GIII – Get Rating) last released its quarterly results on Tuesday, June 7. The textile maker reported EPS of $0.72 for the quarter, beating the consensus estimate of $0.58 by $0.14. The company posted revenue of $688.80 million in the quarter, versus a consensus estimate of $597.35 million. G-III Apparel Group achieved a net margin of 6.98% and a return on equity of 14.09%. G-III Apparel Group revenue for the quarter increased 32.5% year over year. In the same quarter of the previous year, the company achieved EPS of $0.53. As a group, analysts expect G-III Apparel Group to post earnings per share of 4.47 for the current year.
G-III Apparel Group Company Profile (Get a rating)
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 apparel; and women’s handbags, shoes, small leather goods, cold weather accessories and luggage.
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