KeyCorp reissued their buy rating on shares of G-III Apparel Group (NASDAQ:GIII) in a research note released on Thursday, January 11th. They currently have a $45.00 price target on the textile maker’s stock. KeyCorp also issued estimates for G-III Apparel Group’s Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $1.55 EPS, Q3 2019 earnings at $1.80 EPS, Q4 2019 earnings at $0.20 EPS and FY2019 earnings at $2.02 EPS.
Other analysts also recently issued research reports about the company. BidaskClub upgraded G-III Apparel Group from a hold rating to a buy rating in a research note on Thursday, December 7th. B. Riley restated a buy rating on shares of G-III Apparel Group in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $33.00 price target on G-III Apparel Group and gave the stock a buy rating in a research note on Thursday, October 19th. Cowen set a $32.00 price target on G-III Apparel Group and gave the stock a hold rating in a research note on Thursday, November 30th. Finally, Zacks Investment Research downgraded G-III Apparel Group from a buy rating to a hold rating in a research note on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. G-III Apparel Group currently has a consensus rating of Buy and an average target price of $35.00.
Shares of G-III Apparel Group (NASDAQ:GIII) traded down $1.24 during trading hours on Thursday, reaching $38.65. The company had a trading volume of 596,859 shares, compared to its average volume of 753,307. G-III Apparel Group has a 52 week low of $18.00 and a 52 week high of $40.96. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.91 and a current ratio of 3.52. The stock has a market cap of $1,920.00, a P/E ratio of 46.01, a PEG ratio of 1.77 and a beta of 0.28.
G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Tuesday, December 5th. The textile maker reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.13. G-III Apparel Group had a return on equity of 5.65% and a net margin of 1.58%. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business earned $1.50 EPS. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. equities research analysts anticipate that G-III Apparel Group will post 1.51 earnings per share for the current fiscal year.
In other news, Director Bokhorst Willem Van sold 7,518 shares of the stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total transaction of $282,000.18. Following the transaction, the director now directly owns 48,667 shares of the company’s stock, valued at approximately $1,825,499.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $33.62, for a total value of $1,714,620.00. Following the completion of the sale, the insider now owns 556,152 shares of the company’s stock, valued at $18,697,830.24. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.
Large investors have recently bought and sold shares of the company. Ingalls & Snyder LLC increased its stake in shares of G-III Apparel Group by 852.3% in the 3rd quarter. Ingalls & Snyder LLC now owns 178,083 shares of the textile maker’s stock worth $5,168,000 after purchasing an additional 159,383 shares in the last quarter. Cortina Asset Management LLC purchased a new stake in shares of G-III Apparel Group in the 3rd quarter worth $4,709,000. Scout Investments Inc. increased its stake in shares of G-III Apparel Group by 42.5% in the 3rd quarter. Scout Investments Inc. now owns 70,350 shares of the textile maker’s stock worth $2,042,000 after purchasing an additional 20,975 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of G-III Apparel Group by 45.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,904,916 shares of the textile maker’s stock worth $72,478,000 after purchasing an additional 907,701 shares in the last quarter. Finally, Pinebridge Investments L.P. increased its stake in shares of G-III Apparel Group by 145.1% in the 2nd quarter. Pinebridge Investments L.P. now owns 57,443 shares of the textile maker’s stock worth $1,433,000 after purchasing an additional 34,004 shares in the last quarter.
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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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