G-III Apparel Group (NASDAQ:GIII) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

GIII has been the topic of a number of other reports. BidaskClub downgraded shares of G-III Apparel Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 19th. Cowen upped their price target on shares of G-III Apparel Group from $54.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, September 6th. Buckingham Research dropped their price target on shares of G-III Apparel Group from $57.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, October 17th. B. Riley raised shares of G-III Apparel Group from a “neutral” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Thursday, October 18th. Finally, Barclays upped their price target on shares of G-III Apparel Group from $46.00 to $50.00 and gave the stock a “hold” rating in a research note on Friday, September 7th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $47.91.

Shares of GIII traded down $2.06 during mid-day trading on Friday, reaching $32.85. The company’s stock had a trading volume of 1,404,322 shares, compared to its average volume of 664,378. The firm has a market capitalization of $2.00 billion, a P/E ratio of 20.53, a PEG ratio of 1.04 and a beta of 0.33. G-III Apparel Group has a 1 year low of $30.36 and a 1 year high of $51.20. The company has a quick ratio of 0.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.45.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Thursday, December 6th. The textile maker reported $1.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.81 by $0.07. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.08 billion. G-III Apparel Group had a return on equity of 10.67% and a net margin of 3.39%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.67 earnings per share. On average, analysts expect that G-III Apparel Group will post 2.61 earnings per share for the current fiscal year.

In other news, COO Wayne S. Miller sold 19,448 shares of the company’s stock in a transaction on Monday, October 8th. The shares were sold at an average price of $40.09, for a total value of $779,670.32. Following the transaction, the chief operating officer now directly owns 248,621 shares of the company’s stock, valued at $9,967,215.89. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 9.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Group One Trading L.P. increased its position in G-III Apparel Group by 118.7% during the third quarter. Group One Trading L.P. now owns 3,103 shares of the textile maker’s stock worth $150,000 after buying an additional 1,684 shares during the last quarter. Moody National Bank Trust Division acquired a new position in G-III Apparel Group during the third quarter worth $188,000. Acadian Asset Management LLC acquired a new position in G-III Apparel Group during the second quarter worth $193,000. AMP Capital Investors Ltd acquired a new position in G-III Apparel Group during the second quarter worth $266,000. Finally, Pitcairn Co. acquired a new position in G-III Apparel Group during the third quarter worth $292,000.

About G-III Apparel Group

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

See Also: Systematic Risk

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

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