G-III Apparel Group (NASDAQ:GIII) had its price objective decreased by KeyCorp from $58.00 to $52.00 in a research note issued to investors on Friday morning. KeyCorp currently has an overweight rating on the textile maker’s stock. KeyCorp also issued estimates for G-III Apparel Group’s Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $2.75 EPS, Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $2.09 EPS and Q4 2020 earnings at $0.49 EPS.

GIII has been the topic of a number of other research reports. BidaskClub downgraded shares of G-III Apparel Group from a strong-buy rating to a buy rating in a research report on Friday, October 19th. Cowen lifted their price objective on shares of G-III Apparel Group from $54.00 to $55.00 and gave the stock an outperform rating in a research report on Thursday, September 6th. Buckingham Research cut their price objective on shares of G-III Apparel Group from $57.00 to $50.00 and set a buy rating on the stock in a research report on Wednesday, October 17th. B. Riley raised shares of G-III Apparel Group from a neutral rating to a buy rating and set a $47.00 price objective on the stock in a research report on Thursday, October 18th. Finally, Barclays lifted their price objective on shares of G-III Apparel Group from $46.00 to $50.00 and gave the stock a hold rating in a research report on Friday, September 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of $47.91.

NASDAQ GIII traded down $2.06 during trading on Friday, reaching $32.85. 1,405,140 shares of the company’s stock traded hands, compared to its average volume of 803,757. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 2.12. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 20.53, a price-to-earnings-growth ratio of 0.85 and a beta of 0.33. G-III Apparel Group has a 12-month low of $30.36 and a 12-month high of $51.20.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Thursday, December 6th. The textile maker reported $1.88 EPS for the quarter, beating analysts’ consensus estimates of $1.81 by $0.07. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. G-III Apparel Group had a net margin of 3.75% and a return on equity of 11.83%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 EPS. Equities analysts expect that G-III Apparel Group will post 2.75 earnings per share for the current fiscal year.

In other news, COO Wayne S. Miller sold 19,448 shares of G-III Apparel Group stock in a transaction that occurred on Monday, October 8th. The shares were sold at an average price of $40.09, for a total value of $779,670.32. Following the transaction, the chief operating officer now owns 248,621 shares of the company’s stock, valued at approximately $9,967,215.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.80% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. AMP Capital Investors Ltd acquired a new stake in G-III Apparel Group in the 2nd quarter worth approximately $266,000. Strategic Wealth Advisors Group LLC acquired a new stake in G-III Apparel Group in the 2nd quarter worth approximately $604,000. United Services Automobile Association boosted its stake in G-III Apparel Group by 790.0% in the 2nd quarter. United Services Automobile Association now owns 57,069 shares of the textile maker’s stock worth $2,534,000 after purchasing an additional 50,657 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in G-III Apparel Group in the 2nd quarter worth approximately $6,226,000. Finally, Bank of Montreal Can boosted its stake in G-III Apparel Group by 10.3% in the 3rd quarter. Bank of Montreal Can now owns 45,058 shares of the textile maker’s stock worth $2,171,000 after purchasing an additional 4,212 shares in the last quarter.

About G-III Apparel Group

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.

See Also: What is Cost of Debt?

Analyst Recommendations for G-III Apparel Group (NASDAQ:GIII)

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