G-III Apparel Group, Ltd. (GIII) Receives Average Recommendation of “Hold” from Analysts

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been given a consensus recommendation of “Hold” by the fourteen analysts that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $44.89.

Several research firms have recently commented on GIII. ValuEngine lowered shares of G-III Apparel Group from a “hold” rating to a “sell” rating in a research note on Monday. BidaskClub lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 6th. Piper Jaffray Companies lowered G-III Apparel Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $43.00 to $35.00 in a report on Tuesday. Finally, TheStreet upgraded G-III Apparel Group from a “c+” rating to a “b-” rating in a report on Thursday, March 21st.

In other G-III Apparel Group news, Vice Chairman Sammy Aaron sold 71,766 shares of G-III Apparel Group stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $41.33, for a total value of $2,966,088.78. Following the transaction, the insider now directly owns 434,969 shares of the company’s stock, valued at approximately $17,977,268.77. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Laura H. Pomerantz sold 2,105 shares of G-III Apparel Group stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $41.52, for a total value of $87,399.60. Following the completion of the transaction, the director now directly owns 36,756 shares in the company, valued at $1,526,109.12. The disclosure for this sale can be found here. Insiders sold a total of 74,692 shares of company stock worth $3,086,681 over the last three months. 8.60% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of GIII. JPMorgan Chase & Co. boosted its stake in shares of G-III Apparel Group by 534.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 79,624 shares of the textile maker’s stock worth $3,837,000 after buying an additional 67,077 shares during the last quarter. LPL Financial LLC increased its position in G-III Apparel Group by 14.0% during the third quarter. LPL Financial LLC now owns 14,729 shares of the textile maker’s stock worth $710,000 after purchasing an additional 1,812 shares during the last quarter. Legal & General Group Plc increased its position in G-III Apparel Group by 9.4% during the third quarter. Legal & General Group Plc now owns 101,571 shares of the textile maker’s stock worth $4,882,000 after purchasing an additional 8,705 shares during the last quarter. Vanguard Group Inc. increased its position in G-III Apparel Group by 10.9% during the third quarter. Vanguard Group Inc. now owns 4,346,116 shares of the textile maker’s stock worth $209,439,000 after purchasing an additional 426,960 shares during the last quarter. Finally, Federated Investors Inc. PA acquired a new stake in G-III Apparel Group during the third quarter worth about $4,689,000.

G-III Apparel Group stock traded up $0.26 during mid-day trading on Friday, reaching $32.20. 489,654 shares of the company traded hands, compared to its average volume of 512,190. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 0.69 and a beta of 1.00. G-III Apparel Group has a fifty-two week low of $25.43 and a fifty-two week high of $51.20. The company has a current ratio of 2.16, a quick ratio of 1.17 and a debt-to-equity ratio of 0.33.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Thursday, March 21st. The textile maker reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.11. The firm had revenue of $766.80 million for the quarter, compared to analyst estimates of $767.89 million. G-III Apparel Group had a net margin of 4.49% and a return on equity of 12.74%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.26 earnings per share. On average, sell-side analysts predict that G-III Apparel Group will post 3.3 EPS for the current fiscal 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 in 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.

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Analyst Recommendations for G-III Apparel Group (NASDAQ:GIII)

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