Buckingham Research reiterated their buy rating on shares of G-III Apparel Group, LTD. (NASDAQ:GIII) in a research report report published on Monday morning, MarketBeat reports. Buckingham Research currently has a $28.00 target price on the textile maker’s stock.

GIII has been the subject of several other reports. Zacks Investment Research cut shares of G-III Apparel Group, LTD. from a hold rating to a strong sell rating in a report on Wednesday, March 22nd. Cowen and Company upped their target price on shares of G-III Apparel Group, LTD. from $22.00 to $23.00 and gave the stock a market perform rating in a research report on Wednesday, June 7th. BidaskClub upgraded shares of G-III Apparel Group, LTD. from a sell rating to a hold rating in a research report on Wednesday, June 14th. FBR & Co restated an outperform rating and set a $33.00 target price on shares of G-III Apparel Group, LTD. in a research report on Tuesday, July 11th. Finally, Wunderlich restated a buy rating and set a $33.00 target price on shares of G-III Apparel Group, LTD. in a research report on Tuesday, June 6th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $29.82.

G-III Apparel Group, LTD. (NASDAQ GIII) traded up 2.08% during midday trading on Monday, hitting $24.03. The stock had a trading volume of 117,548 shares. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 29.38 and a beta of 0.33. The stock has a 50 day moving average of $23.75 and a 200 day moving average of $24.28. G-III Apparel Group, LTD. has a 12 month low of $18.00 and a 12 month high of $51.58.

G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its quarterly earnings results on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.22. The firm had revenue of $529 million during the quarter, compared to analysts’ expectations of $497.88 million. G-III Apparel Group, LTD. had a net margin of 1.58% and a return on equity of 5.57%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. Analysts expect that G-III Apparel Group, LTD. will post $1.26 EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in GIII. State of Alaska Department of Revenue raised its stake in G-III Apparel Group, LTD. by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 4,830 shares of the textile maker’s stock valued at $105,000 after buying an additional 80 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in G-III Apparel Group, LTD. by 1.1% in the first quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the textile maker’s stock valued at $390,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its stake in G-III Apparel Group, LTD. by 0.9% in the first quarter. Arizona State Retirement System now owns 22,775 shares of the textile maker’s stock valued at $499,000 after buying an additional 200 shares in the last quarter. New York State Teachers Retirement System raised its stake in G-III Apparel Group, LTD. by 0.9% in the fourth quarter. New York State Teachers Retirement System now owns 44,141 shares of the textile maker’s stock valued at $1,305,000 after buying an additional 400 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in G-III Apparel Group, LTD. by 3.6% in the first quarter. Capstone Asset Management Co. now owns 16,855 shares of the textile maker’s stock valued at $369,000 after buying an additional 579 shares in the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

G-III Apparel Group, LTD. Company Profile

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.

Analyst Recommendations for G-III Apparel Group, LTD. (NASDAQ:GIII)

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