Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $35.40.
GIII has been the subject of several recent analyst reports. Zacks Investment Research raised G-III Apparel Group from a “hold” rating to a “strong-buy” rating and set a $40.00 target price for the company in a report on Thursday, December 7th. BidaskClub raised G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Thursday, December 7th. Cowen set a $32.00 target price on G-III Apparel Group and gave the company a “hold” rating in a report on Thursday, November 30th. Telsey Advisory Group upped their target price on G-III Apparel Group from $36.00 to $39.00 and gave the company an “outperform” rating in a report on Wednesday, December 6th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $45.00 target price on shares of G-III Apparel Group in a report on Thursday, January 11th.
In other G-III Apparel Group news, Vice Chairman Sammy Aaron sold 51,000 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the completion of the transaction, the insider now directly owns 556,152 shares of the company’s stock, valued at $18,697,830.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value 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 disclosure for this sale can be found here. 9.60% of the stock is currently owned by corporate insiders.
G-III Apparel Group (GIII) traded up $0.37 during mid-day trading on Friday, hitting $35.80. The stock had a trading volume of 378,689 shares, compared to its average volume of 401,414. The company has a market capitalization of $1,760.00, a price-to-earnings ratio of 42.62, a PEG ratio of 1.17 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.
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G-III Apparel Group Company Profile
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.
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