G-III Apparel Group, LTD. (NASDAQ:GIII) has been given a consensus rating of “Buy” by the fifteen research firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $32.42.

A number of research analysts recently issued reports on the stock. Barclays PLC assumed coverage on shares of G-III Apparel Group, LTD. in a research note on Tuesday, September 19th. They issued an “underweight” rating and a $28.00 target price on the stock. Zacks Investment Research upgraded shares of G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a research note on Saturday, September 9th. Buckingham Research reiterated a “buy” rating and issued a $35.00 target price (up from $30.00) on shares of G-III Apparel Group, LTD. in a research note on Thursday, September 7th. Stifel Nicolaus raised their target price on shares of G-III Apparel Group, LTD. from $20.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Finally, Telsey Advisory Group upgraded shares of G-III Apparel Group, LTD. from a “market perform” rating to an “outperform” rating and raised their target price for the company from $27.00 to $36.00 in a research note on Wednesday, September 6th.

In other G-III Apparel Group, LTD. news, COO Wayne S. Miller sold 50,000 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $29.56, for a total value of $1,478,000.00. Following the sale, the chief operating officer now directly owns 269,531 shares in the company, valued at approximately $7,967,336.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 9.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of GIII. Teachers Advisors LLC grew its position in G-III Apparel Group, LTD. by 2.3% in the 4th quarter. Teachers Advisors LLC now owns 70,897 shares of the textile maker’s stock worth $2,096,000 after purchasing an additional 1,623 shares during the last quarter. Bank of Montreal Can grew its position in G-III Apparel Group, LTD. by 1,058.4% in the 1st quarter. Bank of Montreal Can now owns 18,731 shares of the textile maker’s stock worth $410,000 after purchasing an additional 17,114 shares during the last quarter. Louisiana State Employees Retirement System grew its position in G-III Apparel Group, LTD. by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the textile maker’s stock worth $390,000 after purchasing an additional 200 shares during the last quarter. Russell Investments Group Ltd. grew its position in G-III Apparel Group, LTD. by 3.7% in the 1st quarter. Russell Investments Group Ltd. now owns 244,913 shares of the textile maker’s stock worth $5,361,000 after purchasing an additional 8,771 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in G-III Apparel Group, LTD. by 97.1% in the 1st quarter. Wells Fargo & Company MN now owns 857,418 shares of the textile maker’s stock worth $18,768,000 after purchasing an additional 422,320 shares during the last quarter. Institutional investors own 99.38% of the company’s stock.

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Shares of G-III Apparel Group, LTD. (GIII) traded up 0.61% during trading on Friday, reaching $28.22. 832,987 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.38 billion, a P/E ratio of 42.89 and a beta of 0.26. The company has a 50 day moving average of $27.11 and a 200 day moving average of $24.34. G-III Apparel Group, LTD. has a 52-week low of $18.00 and a 52-week high of $32.98.

G-III Apparel Group, LTD. (NASDAQ:GIII) last announced its quarterly earnings results on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.11. G-III Apparel Group, LTD. had a net margin of 1.23% and a return on equity of 4.65%. The company had revenue of $538.00 million for the quarter, compared to analyst estimates of $522.45 million. During the same quarter in the prior year, the business posted $0.01 EPS. G-III Apparel Group, LTD.’s quarterly revenue was up 21.6% on a year-over-year basis. Equities analysts anticipate that G-III Apparel Group, LTD. will post $1.35 earnings per share for the current fiscal year.

About G-III Apparel Group, LTD.

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, LTD. (NASDAQ:GIII)

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