Weekly Analysts’ Ratings Changes for G-III Apparel Group (GIII)

G-III Apparel Group (NASDAQ: GIII) has recently received a number of price target changes and ratings updates:

  • 6/12/2019 – G-III Apparel Group was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 6/6/2019 – G-III Apparel Group had its price target lowered by analysts at KeyCorp from $52.00 to $45.00. They now have an “overweight” rating on the stock.
  • 6/6/2019 – G-III Apparel Group had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $34.00 price target on the stock, down previously from $47.00.
  • 6/6/2019 – G-III Apparel Group was given a new $47.00 price target on by analysts at Needham & Company LLC. They now have a “buy” rating on the stock.
  • 6/6/2019 – G-III Apparel Group had its price target lowered by analysts at Bank of America Corp from $43.00 to $35.00. They now have a “buy” rating on the stock.
  • 6/5/2019 – G-III Apparel Group was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 6/1/2019 – G-III Apparel Group was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 5/22/2019 – G-III Apparel Group was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 5/21/2019 – G-III Apparel Group was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Shares of G-III Apparel have underperformed the industry in the past three months. We note that the company is witnessing sluggishness in the retail category of late stemming from weak brands and store closures. Although the company has been striving to improve retail operations, such efforts are yet to yield results. Also, stiff competition and adverse currency fluctuations pose threats. However, the company boasts a robust earnings surprise trend. In fact, fourth-quarter fiscal 2019 results marked the company’s eight straight bottom-line beat, courtesy of robust wholesale business and strength in DKNY stores. Additionally, the company has been making efforts to expand these banners globally, mainly by augmenting licensing capabilities. Driven by a strong quarter and continued business momentum, management provided an encouraging view for the first quarter and fiscal 2020.”
  • 5/14/2019 – G-III Apparel Group was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating. They now have a $35.00 price target on the stock, down previously from $43.00.
  • 5/14/2019 – G-III Apparel Group was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 5/13/2019 – G-III Apparel Group was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Shares of G-III Apparel Group stock opened at $24.77 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.17 and a debt-to-equity ratio of 0.33. G-III Apparel Group, Ltd. has a 52-week low of $23.34 and a 52-week high of $50.83. The company has a market capitalization of $1.21 billion, a PE ratio of 8.66, a PEG ratio of 0.72 and a beta of 1.37.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Wednesday, June 5th. The textile maker reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. G-III Apparel Group had a return on equity of 12.68% and a net margin of 4.53%. The company had revenue of $633.60 million during the quarter, compared to analyst estimates of $650.03 million. During the same quarter last year, the firm posted $0.22 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, analysts predict that G-III Apparel Group, Ltd. will post 3.28 EPS for the current year.

In related news, Director Laura H. Pomerantz sold 2,105 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $41.52, for a total value of $87,399.60. Following the completion of the sale, the director now owns 36,756 shares of the company’s stock, valued at $1,526,109.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Sammy Aaron sold 71,766 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $41.33, for a total value of $2,966,088.78. Following the completion of the sale, the insider now directly owns 434,969 shares of the company’s stock, valued at approximately $17,977,268.77. The disclosure for this sale can be found here. Insiders sold 74,692 shares of company stock valued at $3,086,681 in the last ninety days. 8.60% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in GIII. Oregon Public Employees Retirement Fund lifted its position in G-III Apparel Group by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,248 shares of the textile maker’s stock valued at $649,000 after buying an additional 293 shares during the period. NumerixS Investment Technologies Inc lifted its position in G-III Apparel Group by 6.6% during the fourth quarter. NumerixS Investment Technologies Inc now owns 4,902 shares of the textile maker’s stock valued at $136,000 after buying an additional 302 shares during the period. Piedmont Investment Advisors Inc. lifted its position in G-III Apparel Group by 3.7% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 10,010 shares of the textile maker’s stock valued at $279,000 after buying an additional 353 shares during the period. Nvwm LLC lifted its position in G-III Apparel Group by 9.9% during the first quarter. Nvwm LLC now owns 4,276 shares of the textile maker’s stock valued at $171,000 after buying an additional 384 shares during the period. Finally, Mason Street Advisors LLC lifted its position in G-III Apparel Group by 3.4% during the first quarter. Mason Street Advisors LLC now owns 13,473 shares of the textile maker’s stock valued at $538,000 after buying an additional 445 shares during the period.

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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