G-III Apparel Group, Ltd. (GIII) Receives Consensus Rating of “Hold” from Brokerages

G-III Apparel Group, Ltd. (NASDAQ:GIII) has earned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $35.40.

Several equities analysts have recently commented on GIII shares. Cowen set a $32.00 target price on G-III Apparel Group and gave the company a “hold” rating in a research note on Thursday, November 30th. Telsey Advisory Group increased their target price on G-III Apparel Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday, December 6th. Piper Jaffray Companies set a $36.00 price target on G-III Apparel Group and gave the company a “buy” rating in a research report on Wednesday, December 6th. BidaskClub raised G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Finally, Barclays upped their price target on G-III Apparel Group from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, January 25th.

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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 stock was 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 of the company’s stock, valued at $1,825,499.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of GIII. Zions Bancorporation acquired a new stake in G-III Apparel Group in the third quarter worth $151,000. Elkfork Partners LLC acquired a new stake in G-III Apparel Group in the fourth quarter worth $156,000. Invictus RG acquired a new stake in G-III Apparel Group in the third quarter worth $185,000. CIBC Asset Management Inc acquired a new stake in G-III Apparel Group in the fourth quarter worth $210,000. Finally, Turner Investments LLC acquired a new stake in G-III Apparel Group in the third quarter worth $218,000. 98.31% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group (NASDAQ:GIII) traded up $0.80 during trading on Friday, hitting $37.12. The stock had a trading volume of 726,910 shares, compared to its average volume of 371,124. The stock has a market cap of $1,821.89, a PE ratio of 31.46, a P/E/G ratio of 1.22 and a beta of 0.26. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.91 and a current ratio of 3.52. G-III Apparel Group has a 12 month low of $18.00 and a 12 month high of $40.96.

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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)

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