G-III Apparel Group (NASDAQ:GIII) had its target price decreased by B. Riley from $47.00 to $37.00 in a research report released on Monday, BenzingaRatingsTable reports. B. Riley currently has a buy rating on the textile maker’s stock.

GIII has been the subject of several other reports. BidaskClub cut shares of G-III Apparel Group from a hold rating to a sell rating in a research report on Friday, August 16th. Telsey Advisory Group restated an outperform rating and set a $34.00 price objective (down from $47.00) on shares of G-III Apparel Group in a research report on Thursday, June 6th. Needham & Company LLC set a $47.00 price objective on shares of G-III Apparel Group and gave the stock a buy rating in a research report on Thursday, June 6th. Bank of America cut their price objective on shares of G-III Apparel Group from $43.00 to $35.00 and set a buy rating for the company in a research report on Thursday, June 6th. Finally, Piper Jaffray Companies cut shares of G-III Apparel Group from an overweight rating to a neutral rating and cut their price objective for the stock from $43.00 to $35.00 in a research report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $39.40.

G-III Apparel Group stock opened at $21.18 on Monday. G-III Apparel Group has a 12-month low of $19.89 and a 12-month high of $50.83. The stock has a market cap of $1.04 billion, a P/E ratio of 7.41, a PEG ratio of 0.61 and a beta of 1.39. The company has a 50-day moving average price of $26.11 and a 200 day moving average price of $32.59. The company has a current ratio of 2.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.59.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Wednesday, June 5th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. G-III Apparel Group had a net margin of 4.53% and a return on equity of 12.59%. The firm had revenue of $633.60 million during the quarter, compared to analysts’ expectations of $650.03 million. During the same period last year, the business earned $0.22 earnings per share. G-III Apparel Group’s revenue was up 3.6% compared to the same quarter last year. As a group, analysts forecast that G-III Apparel Group will post 3.26 EPS for the current year.

In related news, CEO Morris Goldfarb purchased 40,000 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was acquired at an average cost of $26.47 per share, for a total transaction of $1,058,800.00. Following the completion of the transaction, the chief executive officer now directly owns 3,250,483 shares in the company, valued at $86,040,285.01. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 8.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of G-III Apparel Group by 9.6% during the second quarter. BlackRock Inc. now owns 6,841,163 shares of the textile maker’s stock valued at $201,268,000 after acquiring an additional 599,647 shares during the last quarter. Vanguard Group Inc. increased its position in shares of G-III Apparel Group by 2.9% during the second quarter. Vanguard Group Inc. now owns 4,714,343 shares of the textile maker’s stock valued at $138,696,000 after acquiring an additional 131,899 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of G-III Apparel Group by 1.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,144,322 shares of the textile maker’s stock valued at $115,585,000 after acquiring an additional 58,455 shares during the last quarter. Invesco Ltd. increased its position in shares of G-III Apparel Group by 9.3% during the second quarter. Invesco Ltd. now owns 2,455,719 shares of the textile maker’s stock valued at $72,248,000 after acquiring an additional 209,171 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of G-III Apparel Group by 45.9% during the second quarter. Victory Capital Management Inc. now owns 2,266,955 shares of the textile maker’s stock valued at $66,694,000 after acquiring an additional 713,195 shares during the last quarter.

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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