Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been given a consensus rating of “Buy” by the fifteen research firms that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $45.10.

Several research firms recently issued reports on GIII. BidaskClub upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Friday, April 5th. ValuEngine upgraded G-III Apparel Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Needham & Company LLC reiterated a “buy” rating and set a $55.00 target price (up previously from $50.00) on shares of G-III Apparel Group in a research report on Friday, March 22nd. Barclays increased their target price on G-III Apparel Group from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Finally, TheStreet upgraded G-III Apparel Group from a “c+” rating to a “b-” rating in a research report on Thursday, March 21st.

In other G-III Apparel Group news, Director Laura H. Pomerantz sold 2,105 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $41.52, for a total transaction of $87,399.60. Following the completion of the transaction, the director now owns 36,756 shares in the company, valued at approximately $1,526,109.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Sammy Aaron sold 71,766 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $41.33, for a total value of $2,966,088.78. Following the transaction, the insider now owns 434,969 shares of the company’s stock, valued at approximately $17,977,268.77. The disclosure for this sale can be found here. Insiders have sold 74,692 shares of company stock valued at $3,086,681 in the last quarter. 9.80% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Foundry Partners LLC raised its position in G-III Apparel Group by 6.4% during the 1st quarter. Foundry Partners LLC now owns 44,003 shares of the textile maker’s stock valued at $1,758,000 after purchasing an additional 2,635 shares in the last quarter. Huntington National Bank increased its holdings in shares of G-III Apparel Group by 291.5% in the 1st quarter. Huntington National Bank now owns 9,571 shares of the textile maker’s stock valued at $382,000 after acquiring an additional 7,126 shares during the period. Deutsche Bank AG increased its holdings in shares of G-III Apparel Group by 261.4% in the 4th quarter. Deutsche Bank AG now owns 579,761 shares of the textile maker’s stock valued at $16,168,000 after acquiring an additional 419,324 shares during the period. American Century Companies Inc. increased its holdings in shares of G-III Apparel Group by 39.9% in the 4th quarter. American Century Companies Inc. now owns 254,484 shares of the textile maker’s stock valued at $7,098,000 after acquiring an additional 72,639 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of G-III Apparel Group by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 491,558 shares of the textile maker’s stock valued at $13,709,000 after acquiring an additional 39,351 shares during the period.

Shares of NASDAQ GIII traded up $0.31 during trading on Tuesday, hitting $42.53. The company had a trading volume of 404,515 shares, compared to its average volume of 502,957. The company has a quick ratio of 1.17, a current ratio of 2.16 and a debt-to-equity ratio of 0.33. G-III Apparel Group has a 12 month low of $25.43 and a 12 month high of $51.20. The company has a market capitalization of $2.07 billion, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 0.86 and a beta of 0.98.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Thursday, March 21st. The textile maker reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.11. G-III Apparel Group had a return on equity of 12.74% and a net margin of 4.49%. The firm had revenue of $766.80 million during the quarter, compared to analysts’ expectations of $767.89 million. During the same quarter last year, the business posted $0.26 earnings per share. The firm’s revenue was up 7.3% on a year-over-year basis. Research analysts anticipate that G-III Apparel Group will post 3.3 EPS for the current year.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, 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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Analyst Recommendations for G-III Apparel Group (NASDAQ:GIII)

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