G-III Apparel Group, Ltd. (NASDAQ:GIII) Given Consensus Rating of “Hold” by Analysts

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIIIGet Rating) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $26.57.

Several analysts recently weighed in on GIII shares. UBS Group reduced their price objective on shares of G-III Apparel Group from $31.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, July 15th. B. Riley reduced their price objective on shares of G-III Apparel Group from $41.00 to $37.00 and set a “buy” rating on the stock in a research note on Wednesday, June 8th. Piper Sandler reissued an “overweight” rating and issued a $28.00 price objective on shares of G-III Apparel Group in a research note on Friday, July 22nd. TheStreet lowered shares of G-III Apparel Group from a “b-” rating to a “c+” rating in a report on Tuesday, July 5th. Finally, Barclays restated an “equal weight” rating and issued a $22.00 target price on shares of G-III Apparel Group in a report on Wednesday, June 15th.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors have recently made changes to their positions in the stock. Royce & Associates LP raised its holdings in shares of G-III Apparel Group by 2.0% during the second quarter. Royce & Associates LP now owns 58,731 shares of the textile maker’s stock valued at $1,188,000 after purchasing an additional 1,162 shares during the period. Personal Capital Advisors Corp raised its holdings in shares of G-III Apparel Group by 5.5% during the second quarter. Personal Capital Advisors Corp now owns 424,594 shares of the textile maker’s stock valued at $8,590,000 after purchasing an additional 22,221 shares during the period. Aviva PLC raised its holdings in shares of G-III Apparel Group by 111.9% in the 2nd quarter. Aviva PLC now owns 57,103 shares of the textile maker’s stock worth $1,155,000 after acquiring an additional 30,151 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of G-III Apparel Group in the 2nd quarter worth about $910,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of G-III Apparel Group by 4.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,158 shares of the textile maker’s stock worth $1,844,000 after acquiring an additional 4,101 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

G-III Apparel Group Stock Performance

NASDAQ GIII opened at $22.52 on Friday. The firm’s fifty day moving average price is $22.30 and its two-hundred day moving average price is $25.28. The stock has a market cap of $1.09 billion, a PE ratio of 5.43 and a beta of 2.44. G-III Apparel Group has a fifty-two week low of $19.38 and a fifty-two week high of $35.12. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.36 and a current ratio of 3.58.

G-III Apparel Group (NASDAQ:GIIIGet Rating) last issued its quarterly earnings data on Tuesday, June 7th. The textile maker reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.15. G-III Apparel Group had a net margin of 6.98% and a return on equity of 14.09%. The company had revenue of $688.80 million for the quarter, compared to analysts’ expectations of $597.35 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. G-III Apparel Group’s revenue for the quarter was up 32.5% on a year-over-year basis. On average, equities analysts expect that G-III Apparel Group will post 4.38 EPS for the current fiscal year.

G-III Apparel Group Company Profile

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G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through 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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