Piper Jaffray Cos. set a $31.00 price target on G-III Apparel Group Ltd. (NASDAQ:GIII) in a research note published on Monday. The firm currently has a hold rating on the stock.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research raised G-III Apparel Group from a sell rating to a hold rating in a report on Friday, August 26th. Stifel Nicolaus cut G-III Apparel Group from a hold rating to a sell rating and set a $28.00 target price for the company. in a report on Wednesday, August 31st. Telsey Advisory Group reduced their target price on G-III Apparel Group from $45.00 to $37.00 and set a market perform rating for the company in a report on Wednesday, August 31st. Brean Capital reissued a buy rating and set a $41.00 target price on shares of G-III Apparel Group in a report on Thursday, September 1st. Finally, TheStreet cut G-III Apparel Group from a buy rating to a hold rating in a report on Wednesday, September 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. G-III Apparel Group currently has an average rating of Hold and a consensus price target of $41.80.

G-III Apparel Group (NASDAQ:GIII) opened at 27.16 on Monday. The company’s 50-day moving average price is $28.20 and its 200-day moving average price is $36.58. G-III Apparel Group has a 12-month low of $25.56 and a 12-month high of $55.89. The stock has a market cap of $1.24 billion, a PE ratio of 13.20 and a beta of 0.55.

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A number of hedge funds and other institutional investors have recently modified their holdings of GIII. Henderson Group PLC raised its position in shares of G-III Apparel Group by 57.6% in the second quarter. Henderson Group PLC now owns 420,253 shares of the company’s stock valued at $19,214,000 after buying an additional 153,610 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new position in shares of G-III Apparel Group during the second quarter valued at $5,312,000. Capital Fund Management S.A. acquired a new position in shares of G-III Apparel Group during the second quarter valued at $511,000. FNY Managed Accounts LLC acquired a new position in shares of G-III Apparel Group during the second quarter valued at $320,000. Finally, Pitcairn Co. raised its position in shares of G-III Apparel Group by 0.3% in the second quarter. Pitcairn Co. now owns 4,565 shares of the company’s stock valued at $208,000 after buying an additional 14 shares during the last quarter.

G-III Apparel Group Company Profile

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.

5 Day Chart for NASDAQ:GIII

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