G-III Apparel Group Ltd. (NASDAQ:GIII)’s share price traded down 2% during trading on Monday . The company traded as low as $40.33 and last traded at $40.54, with a volume of 178,900 shares trading hands. The stock had previously closed at $41.36.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of G-III Apparel Group from a “sell” rating to a “hold” rating in a research note on Tuesday, July 26th. Brean Capital reaffirmed a “buy” rating and set a $51.00 price target on shares of G-III Apparel Group in a research note on Tuesday, July 26th. Cowen and Company downgraded shares of G-III Apparel Group from an “outperform” rating to a “market perform” rating and set a $43.00 price target on the stock. in a research note on Tuesday, July 26th. Telsey Advisory Group downgraded shares of G-III Apparel Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $54.00 to $45.00 in a research note on Tuesday, July 26th. Finally, Piper Jaffray Cos. downgraded shares of G-III Apparel Group from an “overweight” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research note on Monday, July 25th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $56.36.

The firm has a 50 day moving average of $45.02 and a 200-day moving average of $45.84. The company has a market capitalization of $1.85 billion and a P/E ratio of 17.19.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Wednesday, June 1st. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.04. The company had revenue of $457.40 million for the quarter, compared to analysts’ expectations of $473.22 million. During the same period in the previous year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, analysts forecast that G-III Apparel Group Ltd. will post $2.58 earnings per share for the current fiscal year.

A number of hedge funds have bought and sold shares of GIII. Marshall Wace LLP acquired a new stake in G-III Apparel Group during the fourth quarter valued at approximately $5,097,000. State of New Jersey Common Pension Fund D increased its stake in G-III Apparel Group by 16.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 465,500 shares of the company’s stock valued at $20,603,000 after buying an additional 65,000 shares in the last quarter. UBS Oconnor LLC acquired a new stake in G-III Apparel Group during the fourth quarter valued at approximately $5,754,000. State of Tennessee Treasury Department increased its stake in G-III Apparel Group by 46.0% in the fourth quarter. State of Tennessee Treasury Department now owns 98,100 shares of the company’s stock valued at $4,342,000 after buying an additional 30,900 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in G-III Apparel Group by 14.3% in the fourth quarter. Jennison Associates LLC now owns 1,554,963 shares of the company’s stock valued at $68,823,000 after buying an additional 194,028 shares in 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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