Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been given an average rating of “Buy” by the fourteen analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $35.40.
GIII has been the topic of several analyst reports. B. Riley restated a “buy” rating on shares of G-III Apparel Group in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Piper Jaffray Companies set a $33.00 price objective on shares of G-III Apparel Group and gave the company a “buy” rating in a report on Thursday, November 30th. Cowen set a $32.00 price objective on shares of G-III Apparel Group and gave the company a “hold” rating in a report on Thursday, November 30th. Finally, Telsey Advisory Group increased their price objective on shares of G-III Apparel Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th.
In other G-III Apparel Group news, Director Bokhorst Willem Van sold 7,518 shares of the stock in a transaction on 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 directly owns 48,667 shares in the company, valued at $1,825,499.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the stock in a transaction on 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 completion of the sale, the insider now owns 556,152 shares in the company, valued at $18,697,830.24. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Ingalls & Snyder LLC raised its holdings in G-III Apparel Group by 852.3% in the third quarter. Ingalls & Snyder LLC now owns 178,083 shares of the textile maker’s stock worth $5,168,000 after purchasing an additional 159,383 shares during the period. Scout Investments Inc. raised its holdings in G-III Apparel Group by 42.5% in the third quarter. Scout Investments Inc. now owns 70,350 shares of the textile maker’s stock worth $2,042,000 after purchasing an additional 20,975 shares during the period. Cortina Asset Management LLC acquired a new stake in G-III Apparel Group in the third quarter worth $4,709,000. Personal Capital Advisors Corp raised its holdings in G-III Apparel Group by 13.0% in the fourth quarter. Personal Capital Advisors Corp now owns 91,785 shares of the textile maker’s stock worth $3,386,000 after purchasing an additional 10,577 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of G-III Apparel Group by 11.9% during the third quarter. California Public Employees Retirement System now owns 97,244 shares of the textile maker’s stock worth $2,822,000 after acquiring an additional 10,344 shares in the last quarter. Institutional investors own 96.12% of the company’s stock.
Shares of G-III Apparel Group (NASDAQ:GIII) traded up $0.02 during midday trading on Wednesday, reaching $36.76. 297,600 shares of the company traded hands, compared to its average volume of 596,185. G-III Apparel Group has a fifty-two week low of $18.00 and a fifty-two week high of $40.96. The firm has a market capitalization of $1,804.22, a price-to-earnings ratio of 43.76, a P/E/G ratio of 1.20 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 (NASDAQ:GIII) last announced its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.54 by $0.13. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.65%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business posted $1.50 earnings per share. G-III Apparel Group’s revenue was up 15.9% compared to the same quarter last year. equities research analysts anticipate that G-III Apparel Group will post 1.51 earnings per share for the current fiscal year.
G-III Apparel Group Company Profile
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.
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