G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives $25.83 Consensus PT from Analysts

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have received a consensus recommendation of “Reduce” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $25.83.

GIII has been the subject of several recent analyst reports. TheStreet upgraded shares of G-III Apparel Group from a “c+” rating to a “b” rating in a research note on Thursday, March 14th. UBS Group dropped their target price on G-III Apparel Group from $34.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 price target on shares of G-III Apparel Group in a research note on Friday, March 22nd. Wells Fargo & Company dropped their price target on G-III Apparel Group from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, March 15th. Finally, StockNews.com downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th.

G-III Apparel Group Price Performance

GIII opened at $28.42 on Friday. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 7.54 and a beta of 2.41. The company has a current ratio of 3.36, a quick ratio of 2.31 and a debt-to-equity ratio of 0.26. G-III Apparel Group has a 12-month low of $14.49 and a 12-month high of $35.68. The business’s fifty day simple moving average is $29.14 and its 200-day simple moving average is $29.48.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Thursday, March 14th. The textile maker reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $764.80 million during the quarter, compared to the consensus estimate of $816.98 million. G-III Apparel Group had a net margin of 5.69% and a return on equity of 13.07%. G-III Apparel Group’s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, equities research analysts anticipate that G-III Apparel Group will post 3.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Trexquant Investment LP raised its stake in shares of G-III Apparel Group by 569.2% during the 3rd quarter. Trexquant Investment LP now owns 106,039 shares of the textile maker’s stock valued at $2,642,000 after buying an additional 90,194 shares during the last quarter. Walleye Capital LLC acquired a new position in G-III Apparel Group in the third quarter valued at approximately $2,280,000. Charles Schwab Investment Management Inc. boosted its position in G-III Apparel Group by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,118,951 shares of the textile maker’s stock worth $27,884,000 after purchasing an additional 60,669 shares in the last quarter. Artemis Investment Management LLP boosted its position in G-III Apparel Group by 57.7% in the 4th quarter. Artemis Investment Management LLP now owns 169,148 shares of the textile maker’s stock worth $5,748,000 after purchasing an additional 61,915 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of G-III Apparel Group by 277.0% during the 3rd quarter. Acadian Asset Management LLC now owns 77,523 shares of the textile maker’s stock worth $1,928,000 after purchasing an additional 56,958 shares during the period. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Company Profile

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.