G-III Apparel Group Ltd. (GIII) Trading Up 3.8%
Shares of G-III Apparel Group Ltd. (NASDAQ:GIII) were up 3.8% on Thursday . The stock traded as high as $33.63 and last traded at $32.78, with a volume of 1,445,108 shares trading hands. The stock had previously closed at $31.57.
Several analysts have weighed in on GIII shares. Piper Jaffray Cos. dropped their price target on G-III Apparel Group from $48.00 to $31.00 and set a “neutral” rating on the stock in a research note on Tuesday. Zacks Investment Research upgraded G-III Apparel Group from a “sell” rating to a “hold” rating in a research note on Friday, August 26th. Brean Capital started coverage on G-III Apparel Group in a research note on Tuesday, June 21st. They set a “buy” rating and a $51.00 price target on the stock. Telsey Advisory Group dropped their price target on G-III Apparel Group from $45.00 to $37.00 and set a “market perform” rating on the stock in a research note on Wednesday. Finally, Stifel Nicolaus downgraded G-III Apparel Group from a “hold” rating to a “sell” rating and set a $28.00 price target on the stock. in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $50.02.
The firm has a market capitalization of $1.49 billion and a P/E ratio of 13.86. The firm has a 50-day moving average price of $43.01 and a 200-day moving average price of $45.12.
G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Tuesday, August 30th. The company reported ($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.21. The business earned $442.30 million during the quarter, compared to the consensus estimate of $484.85 million. G-III Apparel Group’s quarterly revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. Equities analysts forecast that G-III Apparel Group Ltd. will post $2.53 earnings per share for the current fiscal year.
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.