G-III Apparel Group Ltd. (NASDAQ:GIII) traded up 3.4% during trading on Monday . The company traded as high as $49.80 and last traded at $49.32, with a volume of 447,672 shares trading hands. The stock had previously closed at $47.70.

GIII has been the topic of several analyst reports. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $58.00 price target (up from $54.00) on shares of G-III Apparel Group in a research note on Monday, March 21st. Stephens reaffirmed a “buy” rating on shares of G-III Apparel Group in a research note on Saturday, March 19th. KeyCorp decreased their price target on shares of G-III Apparel Group from $70.00 to $64.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 23rd. Cowen and Company decreased their price target on shares of G-III Apparel Group from $62.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 23rd. Finally, Brean Capital decreased their price target on shares of G-III Apparel Group from $65.00 to $55.00 and set a “buy” rating on the stock in a research note on Wednesday, March 23rd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $58.69.

The firm has a market cap of $2.25 billion and a PE ratio of 20.89. The company’s 50-day moving average is $42.53 and its 200-day moving average is $45.71.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Wednesday, June 1st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. During the same quarter last year, the firm posted $0.15 earnings per share. The business earned $457.40 million during the quarter, compared to the consensus estimate of $473.22 million. G-III Apparel Group’s revenue was up 5.6% compared to the same quarter last year. Equities research analysts expect that G-III Apparel Group Ltd. will post $2.58 EPS for the current fiscal year.

A number of large investors have modified their holdings of GIII. California State Teachers Retirement System boosted its stake in shares of G-III Apparel Group by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 73,905 shares of the company’s stock valued at $3,271,000 after buying an additional 1,162 shares during the period. Rhumbline Advisers increased its stake in G-III Apparel Group by 8.2% in the fourth quarter. Rhumbline Advisers now owns 52,309 shares of the company’s stock valued at $2,315,000 after buying an additional 3,970 shares during the last quarter. Comerica Bank increased its stake in G-III Apparel Group by 42.2% in the fourth quarter. Comerica Bank now owns 57,187 shares of the company’s stock valued at $2,481,000 after buying an additional 16,957 shares during the last quarter. Morgan Stanley increased its stake in G-III Apparel Group by 43.0% in the fourth quarter. Morgan Stanley now owns 549,760 shares of the company’s stock valued at $24,332,000 after buying an additional 165,247 shares during the last quarter. Finally, Sawtooth Asset Management Inc. increased its stake in G-III Apparel Group by 14,102.7% in the fourth quarter. Sawtooth Asset Management Inc. now owns 25,991 shares of the company’s stock valued at $1,150,000 after buying an additional 25,808 shares during the last quarter.

G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations, which consists of its licensed products and non-licensed products, and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under its own brands and private label brands, and retail operations, which consists of the Wilsons Leather and G.H.

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