TheStreet lowered shares of G-III Apparel Group Ltd. (NASDAQ:GIII) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

GIII has been the topic of a number of other research reports. Zacks Investment Research raised G-III Apparel Group from a sell rating to a hold rating in a research report on Friday, August 26th. Piper Jaffray Cos. decreased their price objective on G-III Apparel Group to $48.00 in a research note on Thursday, June 2nd. Stifel Nicolaus lowered G-III Apparel Group from a hold rating to a sell rating and set a $28.00 price objective on the stock. in a research note on Wednesday, August 31st. Telsey Advisory Group decreased their price objective on G-III Apparel Group from $45.00 to $37.00 and set a market perform rating on the stock in a research note on Wednesday, August 31st. Finally, Brean Capital reiterated a buy rating and set a $41.00 price objective on shares of G-III Apparel Group in a research note on Thursday, September 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $46.91.

Shares of G-III Apparel Group (NASDAQ:GIII) opened at 29.69 on Wednesday. G-III Apparel Group has a 1-year low of $28.77 and a 1-year high of $69.26. The company’s 50-day moving average price is $37.42 and its 200-day moving average price is $43.32. The company has a market capitalization of $1.36 billion, a PE ratio of 14.43 and a beta of 0.92.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, August 30th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by $0.21. G-III Apparel Group had a net margin of 4.13% and a return on equity of 10.91%. The firm had revenue of $442.30 million for the quarter, compared to analysts’ expectations of $484.85 million. During the same period in the prior year, the company earned $0.27 EPS. The firm’s quarterly revenue was down 6.7% on a year-over-year basis. On average, equities analysts expect that G-III Apparel Group will post $2.14 earnings per share for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in GIII. TimesSquare Capital Management LLC boosted its stake in G-III Apparel Group by 122.3% in the second quarter. TimesSquare Capital Management LLC now owns 2,112,945 shares of the company’s stock valued at $96,604,000 after buying an additional 1,162,600 shares during the period. Wellington Management Group LLP boosted its stake in G-III Apparel Group by 156.3% in the first quarter. Wellington Management Group LLP now owns 1,488,472 shares of the company’s stock valued at $72,772,000 after buying an additional 907,652 shares during the period. Goldman Sachs Group Inc. boosted its stake in G-III Apparel Group by 1,058.0% in the first quarter. Goldman Sachs Group Inc. now owns 736,913 shares of the company’s stock valued at $36,028,000 after buying an additional 673,278 shares during the period. Royal Bank of Canada boosted its stake in G-III Apparel Group 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 period. Finally, Royce & Associates LP boosted its stake in G-III Apparel Group by 467.7% in the second quarter. Royce & Associates LP now owns 709,809 shares of the company’s stock valued at $32,452,000 after buying an additional 584,781 shares during the period. Institutional investors and hedge funds own 99.39% of the company’s stock.

About G-III Apparel Group

G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations, which consists of its licensed products and non-licensed products, and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under its own brands and private label brands, and retail operations, which consists of the Wilsons Leather and G.H.

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