G-III Apparel Group (NASDAQ:GIII) has been assigned a $33.00 price target by equities research analysts at Piper Jaffray Companies in a report issued on Thursday. The brokerage currently has a “buy” rating on the textile maker’s stock. Piper Jaffray Companies’ target price would indicate a potential upside of 7.14% from the company’s previous close.

Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating and set a $34.00 price target for the company in a report on Saturday, September 9th. Telsey Advisory Group raised shares of G-III Apparel Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $27.00 to $36.00 in a report on Wednesday, September 6th. FBR & Co reissued a “buy” rating and issued a $33.00 price target on shares of G-III Apparel Group in a report on Tuesday, September 5th. ValuEngine raised shares of G-III Apparel Group from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Finally, Stifel Nicolaus raised their price target on shares of G-III Apparel Group from $20.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.45.

Shares of G-III Apparel Group (GIII) traded up $0.95 during trading hours on Thursday, reaching $30.80. 1,203,352 shares of the company’s stock traded hands, compared to its average volume of 840,849. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 2.75. G-III Apparel Group has a 1 year low of $18.00 and a 1 year high of $32.59. The company has a market cap of $1,405.21, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.41 and a beta of 0.21.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.11. G-III Apparel Group had a net margin of 1.23% and a return on equity of 4.65%. The firm had revenue of $538.00 million during the quarter, compared to the consensus estimate of $522.45 million. During the same period last year, the firm earned $0.01 EPS. The business’s quarterly revenue was up 21.6% compared to the same quarter last year. sell-side analysts forecast that G-III Apparel Group will post 1.36 earnings per share for the current fiscal year.

In other news, Director Alan Feller sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $29.22, for a total transaction of $58,440.00. Following the sale, the director now owns 20,609 shares in the company, valued at approximately $602,194.98. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 transaction of $1,478,000.00. Following the sale, the chief operating officer now owns 269,531 shares in the company, valued at approximately $7,967,336.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,000 shares of company stock worth $1,682,990. Corporate insiders own 9.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of GIII. Teachers Advisors LLC raised its position in G-III Apparel Group by 7.8% in the 1st quarter. Teachers Advisors LLC now owns 76,457 shares of the textile maker’s stock worth $1,674,000 after purchasing an additional 5,560 shares during the period. Vanguard Group Inc. raised its position in G-III Apparel Group by 6.6% in the 1st quarter. Vanguard Group Inc. now owns 3,611,330 shares of the textile maker’s stock worth $79,052,000 after purchasing an additional 222,059 shares during the period. Geode Capital Management LLC raised its position in G-III Apparel Group by 7.4% in the 1st quarter. Geode Capital Management LLC now owns 355,638 shares of the textile maker’s stock worth $7,784,000 after purchasing an additional 24,545 shares during the period. UBS Group AG raised its position in G-III Apparel Group by 85.7% in the 1st quarter. UBS Group AG now owns 5,850 shares of the textile maker’s stock worth $128,000 after purchasing an additional 2,699 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in G-III Apparel Group by 5.2% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 266,182 shares of the textile maker’s stock worth $5,827,000 after purchasing an additional 13,078 shares during the period.

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G-III Apparel Group Company Profile

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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