BidaskClub lowered shares of G-III Apparel Group (NASDAQ:GIII) from a hold rating to a sell rating in a report published on Wednesday morning, BidAskClub reports.

A number of other equities analysts have also recently issued reports on GIII. Telsey Advisory Group increased their target price on G-III Apparel Group from $23.00 to $28.00 and gave the stock a market perform rating in a report on Thursday, December 5th. Needham & Company LLC reissued a buy rating and issued a $32.00 target price on shares of G-III Apparel Group in a report on Thursday, December 5th. ValuEngine raised G-III Apparel Group from a sell rating to a hold rating in a report on Wednesday, January 15th. Cowen reissued a buy rating and issued a $34.00 target price on shares of G-III Apparel Group in a report on Thursday, December 5th. Finally, KeyCorp dropped their target price on G-III Apparel Group from $45.00 to $40.00 and set an overweight rating for the company in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $31.00.

G-III Apparel Group stock traded down $0.29 during trading hours on Wednesday, hitting $29.87. The stock had a trading volume of 606,969 shares, compared to its average volume of 593,066. The company has a 50-day moving average of $31.61 and a two-hundred day moving average of $27.21. The company has a quick ratio of 1.45, a current ratio of 2.36 and a debt-to-equity ratio of 0.74. The company has a market cap of $1.44 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 0.90 and a beta of 1.61. G-III Apparel Group has a fifty-two week low of $18.18 and a fifty-two week high of $43.98.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Wednesday, December 4th. The textile maker reported $1.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.94 by $0.05. G-III Apparel Group had a return on equity of 12.27% and a net margin of 4.50%. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the firm posted $1.88 EPS. G-III Apparel Group’s quarterly revenue was up 5.2% compared to the same quarter last year. As a group, analysts forecast that G-III Apparel Group will post 3.12 EPS for the current fiscal year.

In related news, Director Bokhorst Willem Van sold 4,753 shares of the firm’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $32.81, for a total transaction of $155,945.93. Following the completion of the sale, the director now directly owns 56,636 shares of the company’s stock, valued at approximately $1,858,227.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. FTB Advisors Inc. boosted its position in G-III Apparel Group by 43.2% in the 3rd quarter. FTB Advisors Inc. now owns 1,320 shares of the textile maker’s stock valued at $34,000 after buying an additional 398 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in shares of G-III Apparel Group by 2.6% in the 3rd quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the textile maker’s stock worth $410,000 after purchasing an additional 400 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of G-III Apparel Group by 6.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 8,500 shares of the textile maker’s stock worth $285,000 after purchasing an additional 500 shares during the last quarter. Metropolitan Life Insurance Co NY boosted its position in shares of G-III Apparel Group by 4.1% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 14,793 shares of the textile maker’s stock worth $381,000 after purchasing an additional 579 shares during the last quarter. Finally, Mason Street Advisors LLC boosted its position in shares of G-III Apparel Group by 5.1% in the 3rd quarter. Mason Street Advisors LLC now owns 14,591 shares of the textile maker’s stock worth $376,000 after purchasing an additional 706 shares during the last quarter. 99.74% of the stock is owned by hedge funds and other institutional investors.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, 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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