G-III Apparel Group (NASDAQ:GIII) Stock Rating Upgraded by StockNews.com

G-III Apparel Group (NASDAQ:GIII) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages also recently weighed in on GIII. Barclays cut their price target on G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating on the stock in a research report on Tuesday, March 18th. Telsey Advisory Group dropped their target price on G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating on the stock in a report on Friday, March 14th. UBS Group reduced their price target on G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. KeyCorp upped their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Guggenheim lifted their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.00.

G-III Apparel Group Trading Up 0.3 %

Shares of NASDAQ:GIII opened at $27.34 on Wednesday. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. G-III Apparel Group has a 52-week low of $20.66 and a 52-week high of $36.18. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 7.18 and a beta of 2.09. The business has a 50-day moving average price of $28.61 and a 200-day moving average price of $30.43.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.30. The company had revenue of $839.50 million during the quarter, compared to analyst estimates of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. G-III Apparel Group’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm posted $0.76 EPS. Equities analysts predict that G-III Apparel Group will post 4.16 EPS for the current year.

Institutional Trading of G-III Apparel Group

Several institutional investors have recently bought and sold shares of the business. AlphaQuest LLC acquired a new position in shares of G-III Apparel Group during the 4th quarter worth approximately $49,000. Smartleaf Asset Management LLC increased its holdings in G-III Apparel Group by 249.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock worth $64,000 after acquiring an additional 1,412 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in G-III Apparel Group during the fourth quarter worth $68,000. Quarry LP purchased a new position in G-III Apparel Group during the third quarter valued at $63,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in shares of G-III Apparel Group by 93.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock valued at $92,000 after purchasing an additional 1,460 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.

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.