G-III Apparel Group (NASDAQ:GIII)‘s stock had its “buy” rating reissued by investment analysts at KeyCorp in a report released on Thursday. They presently have a $45.00 target price on the textile maker’s stock. KeyCorp’s price objective suggests a potential upside of 16.52% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Zacks Investment Research raised G-III Apparel Group from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective on the stock in a research note on Thursday, December 7th. BidaskClub raised G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Thursday, December 7th. Telsey Advisory Group boosted their target price on G-III Apparel Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research report on Wednesday, December 6th. Cowen set a $32.00 target price on G-III Apparel Group and gave the company a “hold” rating in a research report on Thursday, November 30th. Finally, Piper Jaffray Companies set a $36.00 target price on G-III Apparel Group and gave the company a “buy” rating in a research report on Wednesday, December 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $35.00.

Shares of G-III Apparel Group (GIII) opened at $38.62 on Thursday. The company has a quick ratio of 1.91, a current ratio of 3.52 and a debt-to-equity ratio of 0.66. G-III Apparel Group has a 12 month low of $18.00 and a 12 month high of $40.13. The stock has a market capitalization of $1,910.00, a P/E ratio of 45.98, a price-to-earnings-growth ratio of 1.74 and a beta of 0.28.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.13. G-III Apparel Group had a return on equity of 5.65% and a net margin of 1.58%. The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $1.50 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. sell-side analysts expect that G-III Apparel Group will post 1.5 earnings per share for the current year.

In related news, Director Bokhorst Willem Van sold 7,518 shares of the business’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total transaction of $282,000.18. Following the completion of the transaction, the director now owns 48,667 shares in the company, valued at approximately $1,825,499.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $33.62, for a total value of $1,714,620.00. Following the transaction, the insider now owns 556,152 shares of the company’s stock, valued at approximately $18,697,830.24. The disclosure for this sale can be found here. 9.70% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC boosted its holdings in G-III Apparel Group by 2.3% during the 2nd quarter. HighTower Advisors LLC now owns 18,197 shares of the textile maker’s stock valued at $450,000 after acquiring an additional 408 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of G-III Apparel Group by 1.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 34,030 shares of the textile maker’s stock worth $849,000 after buying an additional 438 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in shares of G-III Apparel Group by 17.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock worth $101,000 after buying an additional 580 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of G-III Apparel Group by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 234,312 shares of the textile maker’s stock worth $5,846,000 after buying an additional 1,342 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of G-III Apparel Group by 2.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 64,541 shares of the textile maker’s stock worth $1,610,000 after buying an additional 1,405 shares during the period.

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About G-III Apparel Group

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.

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

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