Piper Jaffray Companies set a $22.00 price target on G-III Apparel Group, LTD. (NASDAQ:GIII) in a research note issued to investors on Tuesday. The firm currently has a hold rating on the stock.

A number of other brokerages have also issued reports on GIII. Brean Capital reissued a buy rating and issued a $39.00 price target (down previously from $41.00) on shares of G-III Apparel Group, LTD. in a report on Tuesday, December 6th. TheStreet lowered shares of G-III Apparel Group, LTD. from a buy rating to a hold rating in a report on Wednesday, September 14th. Standpoint Research raised shares of G-III Apparel Group, LTD. from a hold rating to a buy rating in a report on Tuesday, October 4th. assumed coverage on shares of G-III Apparel Group, LTD. in a report on Wednesday, September 28th. They issued an outperform rating and a $34.00 price target on the stock. Finally, Stifel Nicolaus cut their price target on shares of G-III Apparel Group, LTD. from $26.00 to $25.00 and set a hold rating on the stock in a report on Friday, January 6th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $35.25.

G-III Apparel Group, LTD. (NASDAQ:GIII) traded up 0.07% during midday trading on Tuesday, hitting $27.04. 135,094 shares of the company were exchanged. G-III Apparel Group, LTD. has a 1-year low of $24.41 and a 1-year high of $55.89. The firm has a market capitalization of $1.32 billion, a PE ratio of 15.86 and a beta of 0.47. The stock has a 50 day moving average of $29.88 and a 200 day moving average of $34.61.

G-III Apparel Group, LTD. (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, December 1st. The company reported $1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by $0.04. The firm earned $883.50 million during the quarter, compared to the consensus estimate of $937.56 million. G-III Apparel Group, LTD. had a return on equity of 8.94% and a net margin of 3.46%. G-III Apparel Group, LTD.’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the business earned $1.85 EPS. On average, equities analysts predict that G-III Apparel Group, LTD. will post $1.44 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Piper Jaffray Companies Analysts Give G-III Apparel Group, LTD. (GIII) a $22.00 Price Target” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another domain, it was copied illegally and republished in violation of international copyright law. The legal version of this piece of content can be viewed at http://www.watchlistnews.com/piper-jaffray-companies-analysts-give-g-iii-apparel-group-ltd-giii-a-22-00-price-target/1059989.html.

A number of large investors have recently bought and sold shares of GIII. Aberdeen Asset Management PLC UK raised its stake in G-III Apparel Group, LTD. by 92.6% in the second quarter. Aberdeen Asset Management PLC UK now owns 689,063 shares of the company’s stock valued at $31,504,000 after buying an additional 331,331 shares during the last quarter. Royal Bank of Canada raised its stake in G-III Apparel Group, LTD. by 328.5% in the second quarter. Royal Bank of Canada now owns 806,301 shares of the company’s stock valued at $36,864,000 after buying an additional 618,143 shares during the last quarter. Macquarie Group Ltd. raised its stake in G-III Apparel Group, LTD. by 13.5% in the second quarter. Macquarie Group Ltd. now owns 434,385 shares of the company’s stock valued at $19,860,000 after buying an additional 51,801 shares during the last quarter. Channing Capital Management LLC raised its stake in G-III Apparel Group, LTD. by 170.2% in the second quarter. Channing Capital Management LLC now owns 708,889 shares of the company’s stock valued at $32,410,000 after buying an additional 446,558 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in G-III Apparel Group, LTD. by 18.1% in the third quarter. TimesSquare Capital Management LLC now owns 2,495,795 shares of the company’s stock valued at $72,752,000 after buying an additional 382,850 shares during the last quarter. 96.80% of the stock is currently owned by institutional investors and hedge funds.

About G-III Apparel Group, LTD.

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.

5 Day Chart for NASDAQ:GIII

Receive News & Ratings for G-III Apparel Group LTD. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group LTD. and related companies with Analyst Ratings Network's FREE daily email newsletter.