G-III Apparel Group’s (GIII) Hold Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of G-III Apparel Group (NASDAQ:GIII) in a research report sent to investors on Thursday morning, AnalystRatings.com reports. The firm currently has a $26.00 price target on the textile maker’s stock, up from their previous price target of $22.00.

Other equities analysts also recently issued research reports about the company. BidaskClub upgraded G-III Apparel Group from a sell rating to a hold rating in a report on Wednesday, November 6th. Needham & Company LLC decreased their price target on shares of G-III Apparel Group from $47.00 to $34.00 and set a buy rating for the company in a report on Tuesday, September 3rd. ValuEngine raised shares of G-III Apparel Group from a strong sell rating to a sell rating in a research report on Wednesday, October 2nd. Bank of America upgraded shares of G-III Apparel Group from a neutral rating to a buy rating in a research note on Wednesday, November 13th. Finally, B. Riley dropped their price objective on shares of G-III Apparel Group from $37.00 to $33.00 and set a buy rating on the stock in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. G-III Apparel Group has an average rating of Hold and an average target price of $29.27.

Shares of GIII stock traded up $0.36 on Thursday, reaching $28.89. 765,341 shares of the company’s stock traded hands, compared to its average volume of 670,996. G-III Apparel Group has a 12-month low of $18.18 and a 12-month high of $43.98. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 2.08. The company has a market capitalization of $1.38 billion, a P/E ratio of 10.10, a price-to-earnings-growth ratio of 1.26 and a beta of 1.55. The business’s 50 day moving average price is $27.72 and its two-hundred day moving average price is $26.21.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Wednesday, December 4th. The textile maker reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.05. G-III Apparel Group had a return on equity of 12.37% and a net margin of 4.53%. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the business earned $1.88 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts predict that G-III Apparel Group will post 3.19 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP grew its stake in shares of G-III Apparel Group by 204.4% in the 1st quarter. First Trust Advisors LP now owns 61,029 shares of the textile maker’s stock valued at $2,439,000 after buying an additional 40,981 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in G-III Apparel Group in the second quarter worth approximately $286,000. Municipal Employees Retirement System of Michigan grew its position in G-III Apparel Group by 48.0% in the second quarter. Municipal Employees Retirement System of Michigan now owns 18,210 shares of the textile maker’s stock worth $536,000 after acquiring an additional 5,910 shares in the last quarter. Balter Liquid Alternatives LLC acquired a new position in shares of G-III Apparel Group during the 2nd quarter worth $699,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of G-III Apparel Group by 30.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 43,697 shares of the textile maker’s stock worth $1,286,000 after purchasing an additional 10,121 shares during the last quarter. 99.74% of the stock is owned by institutional investors.

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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