G-III Apparel Group Ltd. (GIII) Raised to Buy at Standpoint Research
GIII has been the topic of several other research reports. Credit Agricole SA started coverage on G-III Apparel Group in a research report on Wednesday, September 28th. They set an outperform rating and a $34.00 price target on the stock. TheStreet lowered G-III Apparel Group from a buy rating to a hold rating in a research report on Wednesday, September 14th. Piper Jaffray Cos. reaffirmed a hold rating and set a $31.00 price target on shares of G-III Apparel Group in a research report on Thursday, September 22nd. Zacks Investment Research raised G-III Apparel Group from a sell rating to a hold rating in a research report on Friday, August 26th. Finally, Stifel Nicolaus downgraded G-III Apparel Group from a hold rating to a sell rating and set a $28.00 target price on the stock. in a research note on Wednesday, August 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company’s stock. G-III Apparel Group presently has a consensus rating of Hold and a consensus price target of $41.80.
G-III Apparel Group (NASDAQ:GIII) traded up 1.34% on Tuesday, reaching $29.59. The company had a trading volume of 64,742 shares. The company’s 50-day moving average is $33.06 and its 200-day moving average is $41.23. G-III Apparel Group has a 52-week low of $28.26 and a 52-week high of $69.26. The company has a market capitalization of $1.35 billion, a PE ratio of 14.39 and a beta of 0.75.
G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Tuesday, August 30th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.18 by $0.21. The firm had revenue of $442.30 million for the quarter, compared to analyst estimates of $484.85 million. G-III Apparel Group had a return on equity of 10.91% and a net margin of 4.13%. The company’s quarterly revenue was down 6.7% on a year-over-year basis. During the same period last year, the firm earned $0.27 EPS. Equities analysts anticipate that G-III Apparel Group will post $2.12 EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of the stock. TimesSquare Capital Management LLC increased its stake in G-III Apparel Group by 122.3% in the second quarter. TimesSquare Capital Management LLC now owns 2,112,945 shares of the company’s stock worth $96,604,000 after buying an additional 1,162,600 shares during the period. Wellington Management Group LLP increased its stake in G-III Apparel Group by 156.3% in the first quarter. Wellington Management Group LLP now owns 1,488,472 shares of the company’s stock worth $72,772,000 after buying an additional 907,652 shares during the period. Goldman Sachs Group Inc. increased its stake in G-III Apparel Group by 1,058.0% in the first quarter. Goldman Sachs Group Inc. now owns 736,913 shares of the company’s stock worth $36,028,000 after buying an additional 673,278 shares during the period. Royal Bank of Canada increased its stake in G-III Apparel Group by 328.5% in the second quarter. Royal Bank of Canada now owns 806,301 shares of the company’s stock worth $36,864,000 after buying an additional 618,143 shares during the period. Finally, Royce & Associates LP increased its stake in G-III Apparel Group by 467.7% in the second quarter. Royce & Associates LP now owns 709,809 shares of the company’s stock worth $32,452,000 after buying an additional 584,781 shares during the period. Hedge funds and other institutional investors own 99.88% of the company’s stock.
About G-III Apparel Group
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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