G-III Apparel Group (NASDAQ:GIII) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other brokerages have also recently weighed in on GIII. 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 note on Wednesday, October 17th. ValuEngine cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Cowen set a $45.00 price target on shares of G-III Apparel Group and gave the stock a “buy” rating in a research report on Thursday, October 18th. B. Riley upgraded shares of G-III Apparel Group from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Thursday, October 18th. Finally, Piper Jaffray Companies set a $54.00 price target on shares of G-III Apparel Group and gave the stock a “buy” rating in a research report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $47.91.

GIII opened at $32.85 on Friday. The company has a market cap of $2.00 billion, a PE ratio of 20.53, a PEG ratio of 1.04 and a beta of 0.33. G-III Apparel Group has a 52-week low of $30.36 and a 52-week high of $51.20. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.99 and a current ratio of 2.12.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Thursday, December 6th. The textile maker reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.07. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. G-III Apparel Group had a net margin of 3.39% and a return on equity of 10.67%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share. Equities research analysts predict that G-III Apparel Group will post 2.61 EPS for the current fiscal year.

In other G-III Apparel Group news, COO Wayne S. Miller sold 19,448 shares of G-III Apparel Group stock in a transaction dated Monday, October 8th. The stock was sold at an average price of $40.09, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.80% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Group One Trading L.P. grew its stake in G-III Apparel Group by 118.7% during the 3rd quarter. Group One Trading L.P. now owns 3,103 shares of the textile maker’s stock valued at $150,000 after acquiring an additional 1,684 shares in the last quarter. Moody National Bank Trust Division purchased a new position in G-III Apparel Group during the 3rd quarter valued at about $188,000. Acadian Asset Management LLC purchased a new position in G-III Apparel Group during the 2nd quarter valued at about $193,000. AMP Capital Investors Ltd purchased a new position in G-III Apparel Group during the 2nd quarter valued at about $266,000. Finally, Pitcairn Co. purchased a new position in G-III Apparel Group during the 3rd quarter valued at about $292,000.

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.

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

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