BidaskClub upgraded shares of G-III Apparel Group (NASDAQ:GIII) from a hold rating to a buy rating in a report released on Thursday.
Several other equities analysts also recently commented on the stock. Piper Jaffray Companies set a $54.00 target price on shares of G-III Apparel Group and gave the stock a buy rating in a research report on Tuesday, September 18th. Zacks Investment Research downgraded shares of G-III Apparel Group from a strong-buy rating to a hold rating in a research report on Tuesday, November 13th. B. Riley raised shares of G-III Apparel Group from a neutral rating to a buy rating and set a $47.00 target price on the stock in a research report on Thursday, October 18th. Buckingham Research lowered their target price on shares of G-III Apparel Group from $57.00 to $50.00 and set a buy rating on the stock in a research report on Wednesday, October 17th. Finally, Cowen set a $45.00 target price on shares of G-III Apparel Group and gave the stock a buy rating in a research report on Thursday, October 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $46.55.
NASDAQ:GIII traded up $2.18 during trading hours on Thursday, hitting $31.95. 882,855 shares of the stock traded hands, compared to its average volume of 719,004. The company has a quick ratio of 1.55, a current ratio of 2.54 and a debt-to-equity ratio of 0.59. G-III Apparel Group has a fifty-two week low of $25.43 and a fifty-two week high of $51.20. The company has a market cap of $1.56 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73.
G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, December 6th. The textile maker reported $1.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.07. G-III Apparel Group had a net margin of 3.75% and a return on equity of 11.60%. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business earned $1.67 EPS. The company’s revenue was up 4.7% on a year-over-year basis. Equities research analysts anticipate that G-III Apparel Group will post 2.75 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the business. Csenge Advisory Group bought a new stake in G-III Apparel Group during the third quarter valued at about $93,000. Group One Trading L.P. boosted its holdings in G-III Apparel Group by 118.7% during the third quarter. Group One Trading L.P. now owns 3,103 shares of the textile maker’s stock valued at $150,000 after acquiring an additional 1,684 shares during the period. Moody National Bank Trust Division bought a new stake in G-III Apparel Group during the third quarter valued at about $188,000. AMP Capital Investors Ltd bought a new stake in shares of G-III Apparel Group in the second quarter valued at about $266,000. Finally, Pitcairn Co. bought a new stake in shares of G-III Apparel Group in the third quarter valued at about $292,000.
G-III Apparel Group Company Profile
G-III Apparel Group, Ltd. designs, manufactures, 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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