G-III Apparel Group (GIII) Stock Rating Upgraded by BidaskClub

G-III Apparel Group (NASDAQ:GIII) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Friday.

Other analysts have also issued research reports about the stock. KeyCorp restated a “buy” rating and set a $45.00 price target on shares of G-III Apparel Group in a research report on Thursday, January 11th. Piper Jaffray Companies restated a “buy” rating on shares of G-III Apparel Group in a research report on Wednesday, January 10th. Zacks Investment Research upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, March 9th. Cowen set a $32.00 price target on shares of G-III Apparel Group and gave the company a “hold” rating in a research report on Thursday, November 30th. Finally, B. Riley restated a “neutral” rating and set a $36.00 price target on shares of G-III Apparel Group in a research report on Friday, December 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $36.82.

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Shares of G-III Apparel Group (NASDAQ:GIII) opened at $34.84 on Friday. The company has a market cap of $1,709.98, a price-to-earnings ratio of 27.87, a P/E/G ratio of 1.14 and a beta of 0.26. The company has a current ratio of 3.52, a quick ratio of 1.91 and a debt-to-equity ratio of 0.66. G-III Apparel Group has a 52-week low of $18.00 and a 52-week high of $40.96.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Thursday, March 22nd. The textile maker reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.10. The company had revenue of $714.90 million for the quarter, compared to analyst estimates of $707.64 million. G-III Apparel Group had a net margin of 2.21% and a return on equity of 7.57%. The firm’s revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business earned ($0.16) earnings per share. equities analysts expect that G-III Apparel Group will post 2.04 EPS for the current year.

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 shares were sold at an average price of $37.51, for a total transaction of $282,000.18. Following the transaction, the director now directly owns 48,667 shares of the company’s stock, valued at $1,825,499.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its holdings in G-III Apparel Group by 16.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 12,599 shares of the textile maker’s stock valued at $465,000 after purchasing an additional 1,736 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of G-III Apparel Group by 11.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 21,514 shares of the textile maker’s stock worth $794,000 after buying an additional 2,265 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in shares of G-III Apparel Group by 1.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 338,540 shares of the textile maker’s stock worth $12,489,000 after buying an additional 3,200 shares in the last quarter. First Mercantile Trust Co. lifted its stake in shares of G-III Apparel Group by 17.4% in the fourth quarter. First Mercantile Trust Co. now owns 22,793 shares of the textile maker’s stock worth $841,000 after buying an additional 3,376 shares in the last quarter. Finally, Elkfork Partners LLC purchased a new position in shares of G-III Apparel Group in the fourth quarter worth about $156,000. 98.30% of the stock is currently owned by institutional investors and hedge funds.

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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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