G-III Apparel Group Ltd. (NASDAQ:GIII)’s share price was up 1.6% during mid-day trading on Wednesday . The stock traded as high as $40.89 and last traded at $40.32, with a volume of 256,682 shares trading hands. The stock had previously closed at $39.69.

Several equities analysts have recently issued reports on GIII shares. Piper Jaffray Cos. reaffirmed a “buy” rating and set a $51.00 price target on shares of G-III Apparel Group in a research note on Tuesday, May 31st. Brean Capital started coverage on shares of G-III Apparel Group in a research note on Tuesday, June 21st. They set a “buy” rating and a $51.00 price target for the company. Zacks Investment Research downgraded shares of G-III Apparel Group from a “hold” rating to a “sell” rating in a research note on Thursday, June 9th. 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 company from $54.00 to $45.00 in a research note on Tuesday, July 26th. Finally, Stephens reaffirmed a “buy” rating on shares of G-III Apparel Group in a research note on Thursday, May 12th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $56.36.

The company has a 50 day moving average price of $44.89 and a 200-day moving average price of $45.80. The company has a market capitalization of $1.84 billion and a price-to-earnings ratio of 17.06.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Wednesday, June 1st. The company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. During the same period in the prior year, the firm earned $0.15 EPS. The company earned $457.40 million during the quarter, compared to analysts’ expectations of $473.22 million. G-III Apparel Group’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts predict that G-III Apparel Group Ltd. will post $2.58 EPS for the current fiscal year.

Several large investors have made changes to their positions in GIII. Rhumbline Advisers boosted its stake in shares of G-III Apparel Group by 8.2% in the fourth quarter. Rhumbline Advisers now owns 52,309 shares of the company’s stock worth $2,315,000 after buying an additional 3,970 shares during the period. State of Tennessee Treasury Department boosted its stake in shares of 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 worth $4,342,000 after buying an additional 30,900 shares during the period. Marshall Wace LLP acquired a new stake in shares of G-III Apparel Group during the fourth quarter worth about $5,097,000. UBS Oconnor LLC acquired a new stake in shares of G-III Apparel Group during the fourth quarter worth about $5,754,000. Finally, Hodges Capital Management Inc. boosted its stake in shares of G-III Apparel Group by 5.9% in the fourth quarter. Hodges Capital Management Inc. now owns 386,401 shares of the company’s stock worth $17,102,000 after buying an additional 21,521 shares during the period.

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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