G-III Apparel Group (GIII) Lifted to “Buy” at BidaskClub
G-III Apparel Group (NASDAQ:GIII) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.
Several other equities research analysts have also recently issued reports on the company. Piper Jaffray Companies set a $40.00 target price on G-III Apparel Group and gave the stock a “buy” rating in a report on Monday, December 31st. TheStreet cut G-III Apparel Group from a “b-” rating to a “c+” rating in a report on Thursday, December 27th. Stifel Nicolaus raised G-III Apparel Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $28.50 to $40.00 in a report on Sunday, December 16th. KeyCorp reaffirmed a “buy” rating on shares of G-III Apparel Group in a report on Sunday, December 9th. Finally, ValuEngine cut G-III Apparel Group from a “sell” rating to a “strong sell” rating in a report on Friday, December 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. G-III Apparel Group has an average rating of “Buy” and a consensus price target of $46.55.
Shares of G-III Apparel Group stock traded up $2.18 during trading hours on Thursday, hitting $31.95. The company’s stock had a trading volume of 971,829 shares, compared to its average volume of 719,004. G-III Apparel Group has a 12-month low of $25.43 and a 12-month high of $51.20. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 0.77 and a beta of 0.73. The company has a quick ratio of 1.55, a current ratio of 2.54 and a debt-to-equity ratio of 0.59.
A number of hedge funds and other institutional investors have recently modified their holdings of GIII. Csenge Advisory Group bought a new stake in G-III Apparel Group during the third quarter worth approximately $93,000. Group One Trading L.P. increased its stake in G-III Apparel Group by 118.7% during the third quarter. Group One Trading L.P. now owns 3,103 shares of the textile maker’s stock worth $150,000 after acquiring an additional 1,684 shares during the last quarter. Moody National Bank Trust Division bought a new stake in G-III Apparel Group during the third quarter worth approximately $188,000. AMP Capital Investors Ltd bought a new stake in G-III Apparel Group during the second quarter worth approximately $266,000. Finally, Pitcairn Co. bought a new stake in G-III Apparel Group during the third quarter worth approximately $292,000.
G-III Apparel Group Company Profile
G-III Apparel Group, Ltd. designs, manufactures, 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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