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

A number of analysts have recently weighed in on GIII shares. Stephens reaffirmed a “buy” rating on shares of G-III Apparel Group in a research note on Saturday, March 19th. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $58.00 price target (up from $54.00) on shares of G-III Apparel Group in a research note on Monday, March 21st. Telsey Advisory Group reduced their price target on shares of G-III Apparel Group from $64.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday, March 23rd. Wunderlich reduced their price target on shares of G-III Apparel Group from $62.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, March 23rd. Finally, Brean Capital reduced their price target on shares of G-III Apparel Group from $65.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday, March 23rd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. G-III Apparel Group currently has an average rating of “Buy” and an average target price of $58.69.

The company’s 50 day moving average is $43.26 and its 200 day moving average is $45.77. The stock has a market capitalization of $2.26 billion and a price-to-earnings ratio of 21.01.

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

Other large investors have recently made changes to their positions in the company. 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 worth $3,271,000 after buying an additional 1,162 shares during the period. Rhumbline Advisers boosted 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 boosted 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 boosted 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. boosted 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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