G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives Consensus Rating of “Hold” from Brokerages

G-III Apparel Group, Ltd. (NASDAQ:GIII) has been assigned an average rating of “Hold” from the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $33.17.

A number of equities research analysts have issued reports on GIII shares. Barclays increased their price objective on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, December 11th. KeyCorp boosted their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Guggenheim lifted their target price on G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Telsey Advisory Group restated a “market perform” rating and set a $38.00 price target on shares of G-III Apparel Group in a report on Wednesday, December 18th. Finally, StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Friday, January 17th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GIII. Dimensional Fund Advisors LP boosted its holdings in G-III Apparel Group by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker’s stock valued at $91,396,000 after acquiring an additional 151,425 shares during the period. Hsbc Holdings PLC boosted its stake in shares of G-III Apparel Group by 26.1% during the second quarter. Hsbc Holdings PLC now owns 57,936 shares of the textile maker’s stock valued at $1,565,000 after purchasing an additional 12,006 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of G-III Apparel Group by 65.3% in the second quarter. Canada Pension Plan Investment Board now owns 66,300 shares of the textile maker’s stock worth $1,795,000 after purchasing an additional 26,200 shares during the last quarter. Public Sector Pension Investment Board grew its holdings in shares of G-III Apparel Group by 4.3% in the second quarter. Public Sector Pension Investment Board now owns 88,068 shares of the textile maker’s stock worth $2,384,000 after purchasing an additional 3,619 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in G-III Apparel Group by 142.8% in the 2nd 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. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

Shares of GIII opened at $31.89 on Tuesday. G-III Apparel Group has a 52 week low of $20.66 and a 52 week high of $36.18. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 8.37 and a beta of 2.09. The business has a 50-day simple moving average of $31.94 and a two-hundred day simple moving average of $29.82.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, beating the consensus estimate of $2.26 by $0.33. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm earned $2.78 EPS. The company’s revenue was up 1.9% on a year-over-year basis. On average, analysts expect that G-III Apparel Group will post 4.16 EPS for the current year.

About G-III Apparel Group

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.