Buckingham Research Trims G-III Apparel Group (GIII) Target Price to $45.00

G-III Apparel Group (NASDAQ:GIII) had its price objective trimmed by Buckingham Research from $46.00 to $45.00 in a research note released on Friday. The firm currently has a buy rating on the textile maker’s stock.

Several other research firms also recently weighed in on GIII. Cowen set a $32.00 price target on G-III Apparel Group and gave the stock a hold rating in a research note on Thursday, November 30th. Telsey Advisory Group upped their price target on G-III Apparel Group from $36.00 to $39.00 and gave the stock an outperform rating in a research note on Wednesday, December 6th. Piper Jaffray set a $36.00 price target on G-III Apparel Group and gave the stock a buy rating in a research note on Wednesday, December 6th. BidaskClub upgraded G-III Apparel Group from a hold rating to a buy rating in a research note on Friday, December 22nd. Finally, Barclays upped their price target on G-III Apparel Group from $29.00 to $33.00 and gave the stock an underweight rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $36.82.

How to Become a New Pot Stock Millionaire

G-III Apparel Group (NASDAQ:GIII) opened at $34.84 on Friday. G-III Apparel Group has a 52 week low of $18.00 and a 52 week high of $40.96. The company has a quick ratio of 1.91, a current ratio of 3.52 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1,709.98, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 1.14 and a beta of 0.26.

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

In other news, Director Bokhorst Willem Van sold 7,518 shares of the company’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total transaction of $282,000.18. Following the sale, the director now directly owns 48,667 shares of the company’s stock, valued at approximately $1,825,499.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 9.70% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in shares of G-III Apparel Group by 21.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,523,557 shares of the textile maker’s stock worth $102,254,000 after acquiring an additional 618,641 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in G-III Apparel Group by 3.1% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,872,837 shares of the textile maker’s stock valued at $54,350,000 after buying an additional 56,505 shares during the period. Standard Life Aberdeen plc raised its holdings in G-III Apparel Group by 1.2% during the 4th quarter. Standard Life Aberdeen plc now owns 1,692,049 shares of the textile maker’s stock valued at $62,428,000 after buying an additional 20,699 shares during the period. Victory Capital Management Inc. raised its holdings in G-III Apparel Group by 22.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,245,267 shares of the textile maker’s stock valued at $45,938,000 after buying an additional 228,015 shares during the period. Finally, Kennedy Capital Management Inc. raised its holdings in G-III Apparel Group by 49.7% during the 4th quarter. Kennedy Capital Management Inc. now owns 517,453 shares of the textile maker’s stock valued at $19,089,000 after buying an additional 171,907 shares during the period. 98.30% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This story was first published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/3302136/buckingham-research-trims-g-iii-apparel-group-giii-target-price-to-45-00.html.

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)

Receive News & Ratings for G-III Apparel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Analyzing Philips  & General Electric
Analyzing Philips & General Electric
Head-To-Head Analysis: U.S. Silica  versus Its Rivals
Head-To-Head Analysis: U.S. Silica versus Its Rivals
Berkshire Hathaway  Given Consensus Rating of “Buy” by Analysts
Berkshire Hathaway Given Consensus Rating of “Buy” by Analysts
WSFS Financial Co.  Expected to Post Earnings of $0.74 Per Share
WSFS Financial Co. Expected to Post Earnings of $0.74 Per Share
Taptica International  Insider Buys £19,996.52 in Stock
Taptica International Insider Buys £19,996.52 in Stock
Republic Services  Expected to Announce Quarterly Sales of $2.41 Billion
Republic Services Expected to Announce Quarterly Sales of $2.41 Billion


© 2006-2018 Ticker Report. Google+.