Headlines about G-III Apparel Group (NASDAQ:GIII) have been trending positive on Sunday, Accern Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. G-III Apparel Group earned a daily sentiment score of 0.27 on Accern’s scale. Accern also gave press coverage about the textile maker an impact score of 47.6175393489747 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Several research firms have recently weighed in on GIII. BidaskClub cut G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Piper Jaffray Companies set a $33.00 price objective on G-III Apparel Group and gave the company a “buy” rating in a report on Thursday, November 30th. B. Riley reiterated a “neutral” rating and set a $36.00 price objective on shares of G-III Apparel Group in a report on Friday, December 22nd. KeyCorp reiterated a “buy” rating and set a $45.00 price objective on shares of G-III Apparel Group in a report on Thursday, January 11th. Finally, Zacks Investment Research upgraded G-III Apparel Group from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. G-III Apparel Group presently has an average rating of “Buy” and a consensus target price of $35.45.
G-III Apparel Group (NASDAQ GIII) opened at $36.76 on Friday. G-III Apparel Group has a 1-year low of $18.00 and a 1-year high of $40.96. The firm has a market capitalization of $1,804.22, a PE ratio of 43.76, a PEG ratio of 1.20 and a beta of 0.24. The company has a current ratio of 3.52, a quick ratio of 1.91 and a debt-to-equity ratio of 0.66.
In related news, Director Bokhorst Willem Van sold 7,518 shares of G-III Apparel Group stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total value of $282,000.18. Following the sale, the director now owns 48,667 shares of the company’s stock, valued at approximately $1,825,499.17. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Vice Chairman Sammy Aaron sold 51,000 shares of G-III Apparel Group stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $33.62, for a total value of $1,714,620.00. Following the completion of the sale, the insider now directly owns 556,152 shares in the company, valued at approximately $18,697,830.24. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by company insiders.
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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