G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives Consensus Recommendation of “Reduce” from Analysts

G-III Apparel Group, Ltd. (NASDAQ:GIII) has earned a consensus rating of “Reduce” from the five brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $27.60.

A number of research analysts have recently issued reports on the company. StockNews.com downgraded G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 target price on shares of G-III Apparel Group in a report on Monday, June 3rd.

G-III Apparel Group Stock Up 3.2 %

NASDAQ:GIII opened at $26.54 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.79 and a quick ratio of 2.62. The firm has a market cap of $1.19 billion, a PE ratio of 6.95 and a beta of 2.24. The company has a 50-day moving average of $26.24 and a 200 day moving average of $28.08. G-III Apparel Group has a 1-year low of $18.47 and a 1-year high of $35.68.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, June 6th. The textile maker reported $0.12 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.17. The firm had revenue of $609.75 million during the quarter, compared to analysts’ expectations of $615.10 million. G-III Apparel Group had a net margin of 5.76% and a return on equity of 12.75%. As a group, research analysts anticipate that G-III Apparel Group will post 3.63 EPS for the current fiscal year.

Institutional Investors Weigh In On G-III Apparel Group

Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of G-III Apparel Group by 6.2% during the first quarter. Vanguard Group Inc. now owns 5,046,803 shares of the textile maker’s stock valued at $146,408,000 after acquiring an additional 292,668 shares in the last quarter. Norges Bank acquired a new position in G-III Apparel Group during the 4th quarter valued at approximately $9,440,000. F M Investments LLC purchased a new position in shares of G-III Apparel Group in the second quarter worth $6,796,000. Marshall Wace LLP lifted its stake in shares of G-III Apparel Group by 142.8% during the second quarter. Marshall Wace LLP now owns 351,918 shares of the textile maker’s stock worth $9,526,000 after buying an additional 206,993 shares during the period. Finally, American Century Companies Inc. lifted its stake in shares of G-III Apparel Group by 15.6% during the second quarter. American Century Companies Inc. now owns 1,147,175 shares of the textile maker’s stock worth $31,054,000 after buying an additional 155,079 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

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 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.