Telsey Advisory Group Boosts G-III Apparel Group (NASDAQ:GIII) Price Target to $28.00

G-III Apparel Group (NASDAQ:GIII) had its price target upped by Telsey Advisory Group from $23.00 to $28.00 in a report published on Thursday, Briefing.com Automated Import reports. The brokerage currently has a market perform rating on the textile maker’s stock.

Several other equities analysts have also issued reports on the company. B. Riley decreased their target price on G-III Apparel Group from $37.00 to $33.00 and set a buy rating for the company in a research report on Friday, September 6th. Needham & Company LLC lowered their price target on G-III Apparel Group from $47.00 to $34.00 and set a buy rating for the company in a research note on Tuesday, September 3rd. Zacks Investment Research upgraded shares of G-III Apparel Group from a sell rating to a hold rating and set a $30.00 price target on the stock in a research report on Wednesday, November 6th. ValuEngine raised shares of G-III Apparel Group from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. Finally, Bank of America upgraded shares of G-III Apparel Group from a neutral rating to a buy rating in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. G-III Apparel Group presently has an average rating of Hold and a consensus target price of $29.27.

Shares of NASDAQ:GIII traded up $0.36 during midday trading on Thursday, hitting $28.89. The company had a trading volume of 765,341 shares, compared to its average volume of 670,996. G-III Apparel Group has a 12 month low of $18.18 and a 12 month high of $43.98. The company has a current ratio of 2.08, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 1.26 and a beta of 1.55. The firm has a fifty day simple moving average of $27.79 and a 200 day simple moving average of $26.19.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Wednesday, December 4th. The textile maker reported $1.99 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.05. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.17 billion. G-III Apparel Group had a return on equity of 12.37% and a net margin of 4.53%. The firm’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.88 earnings per share. Equities analysts forecast that G-III Apparel Group will post 3.19 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GIII. Metropolitan Life Insurance Co NY lifted its holdings in shares of G-III Apparel Group by 4.1% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 14,793 shares of the textile maker’s stock valued at $381,000 after purchasing an additional 579 shares in the last quarter. Millennium Management LLC raised its holdings in G-III Apparel Group by 228.3% during the 3rd quarter. Millennium Management LLC now owns 429,737 shares of the textile maker’s stock worth $11,074,000 after buying an additional 298,827 shares during the period. Squarepoint Ops LLC raised its holdings in G-III Apparel Group by 55.9% during the 3rd quarter. Squarepoint Ops LLC now owns 131,182 shares of the textile maker’s stock worth $3,381,000 after buying an additional 47,048 shares during the period. Voloridge Investment Management LLC acquired a new stake in G-III Apparel Group during the 3rd quarter worth approximately $869,000. Finally, Barclays PLC lifted its stake in G-III Apparel Group by 682.9% in the third quarter. Barclays PLC now owns 124,819 shares of the textile maker’s stock valued at $3,217,000 after buying an additional 146,231 shares in the last quarter. 99.74% of the stock is currently owned by institutional investors.

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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