Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been given an average recommendation of “Buy” by the fourteen analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $35.40.
GIII has been the topic of several analyst reports. Zacks Investment Research raised G-III Apparel Group from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research report on Thursday, December 7th. BidaskClub raised G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Cowen set a $32.00 price objective on G-III Apparel Group and gave the company a “hold” rating in a research report on Thursday, November 30th. Telsey Advisory Group upped their price objective on G-III Apparel Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, December 6th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $45.00 price objective on shares of G-III Apparel Group in a research report on Thursday, January 11th.
G-III Apparel Group (NASDAQ:GIII) traded up $0.67 during mid-day trading on Wednesday, reaching $36.43. The company had a trading volume of 220,267 shares, compared to its average volume of 574,868. The company has a market cap of $1,804.22, a PE ratio of 43.37, a PEG ratio of 1.20 and a beta of 0.24. G-III Apparel Group has a fifty-two week low of $18.00 and a fifty-two week high of $40.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.52 and a quick ratio of 1.91.
G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.13. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. G-III Apparel Group had a return on equity of 5.65% and a net margin of 1.58%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 EPS. analysts predict that G-III Apparel Group will post 1.51 EPS for the current year.
In other G-III Apparel Group news, Vice Chairman Sammy Aaron sold 51,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the completion of the sale, the insider now directly owns 556,152 shares in the company, valued at approximately $18,697,830.24. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bokhorst Willem Van sold 7,518 shares of the business’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $37.51, for a total transaction of $282,000.18. Following the sale, the director now owns 48,667 shares of the company’s stock, valued at $1,825,499.17. The disclosure for this sale can be found here. 9.70% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of GIII. Flinton Capital Management LLC increased its stake in shares of G-III Apparel Group by 87.0% in the 2nd quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock worth $101,000 after purchasing an additional 1,876 shares in the last quarter. Zions Bancorporation purchased a new stake in shares of G-III Apparel Group in the 3rd quarter worth $151,000. Invictus RG purchased a new stake in shares of G-III Apparel Group in the 3rd quarter worth $185,000. CIBC Asset Management Inc purchased a new stake in shares of G-III Apparel Group in the 4th quarter worth $210,000. Finally, Turner Investments LLC purchased a new stake in shares of G-III Apparel Group in the 3rd quarter worth $218,000. Hedge funds and other institutional investors own 96.12% of the company’s stock.
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About G-III Apparel Group
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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