G-III Apparel Group (GIII) Receives Neutral Rating from B. Riley

B. Riley reiterated their neutral rating on shares of G-III Apparel Group (NASDAQ:GIII) in a report released on Friday. The firm currently has a $36.00 price target on the textile maker’s stock.

A number of other brokerages also recently issued reports on GIII. BidaskClub upgraded shares of G-III Apparel Group from a hold rating to a buy rating in a report on Friday. Zacks Investment Research upgraded shares of G-III Apparel Group from a hold rating to a strong-buy rating and set a $40.00 price target for the company in a report on Thursday, December 7th. Piper Jaffray Companies set a $36.00 price target on shares of G-III Apparel Group and gave the stock a buy rating in a report on Wednesday, December 6th. Telsey Advisory Group raised their price target on shares of G-III Apparel Group from $36.00 to $39.00 and gave the stock an outperform rating in a report on Wednesday, December 6th. Finally, Cowen set a $32.00 price target on shares of G-III Apparel Group and gave the stock a hold rating in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $34.83.

Shares of G-III Apparel Group (NASDAQ:GIII) traded down $0.09 during midday trading on Friday, hitting $37.07. 576,098 shares of the stock were exchanged, compared to its average volume of 1,017,158. The firm has a market cap of $1,823.85, a P/E ratio of 44.13, a P/E/G ratio of 1.66 and a beta of 0.29. 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 has a fifty-two week low of $18.00 and a fifty-two week high of $37.39.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Tuesday, December 5th. The textile maker reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.13. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.65%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 EPS. equities research analysts forecast that G-III Apparel Group will post 1.5 earnings per share for the current fiscal year.

In related news, Vice Chairman Sammy Aaron sold 51,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the completion of the transaction, the insider now owns 556,152 shares of the company’s stock, valued at approximately $18,697,830.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Feller sold 5,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $29.31, for a total transaction of $146,550.00. Following the transaction, the director now directly owns 20,609 shares of the company’s stock, valued at approximately $604,049.79. The disclosure for this sale can be found here. Insiders have sold a total of 58,000 shares of company stock valued at $1,919,610 in the last ninety days. 9.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of GIII. Flinton Capital Management LLC boosted its position in G-III Apparel Group by 87.0% in the 2nd quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock valued at $101,000 after buying an additional 1,876 shares during the period. YorkBridge Wealth Partners LLC boosted its position in G-III Apparel Group by 17.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock valued at $101,000 after buying an additional 580 shares during the period. Zions Bancorporation purchased a new position in G-III Apparel Group in the 3rd quarter valued at approximately $151,000. Invictus RG purchased a new position in G-III Apparel Group in the 3rd quarter valued at approximately $185,000. Finally, SG Americas Securities LLC purchased a new position in G-III Apparel Group in the 2nd quarter valued at approximately $193,000.

TRADEMARK VIOLATION WARNING: “G-III Apparel Group (GIII) Receives Neutral Rating from B. Riley” was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.com-unik.info/2017/12/23/g-iii-apparel-group-giii-receives-neutral-rating-from-b-riley.html.

About G-III Apparel Group

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.

Analyst Recommendations for G-III Apparel Group (NASDAQ:GIII)

What are top analysts saying about G-III Apparel Group? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for G-III Apparel Group and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit