Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have been assigned an average recommendation of “Buy” from the fifteen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $32.42.

A number of analysts have recently commented on GIII shares. Telsey Advisory Group raised G-III Apparel Group, LTD. from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $27.00 to $36.00 in a research report on Wednesday, September 6th. BidaskClub raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. KeyCorp reissued a “buy” rating and issued a $41.00 price target on shares of G-III Apparel Group, LTD. in a research report on Thursday, August 24th. Piper Jaffray Companies set a $22.00 price target on G-III Apparel Group, LTD. and gave the stock a “hold” rating in a research report on Tuesday, June 6th. Finally, Zacks Investment Research raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating and set a $30.00 price target on the stock in a research report on Thursday, June 8th.

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G-III Apparel Group, LTD. (NASDAQ GIII) traded down 3.36% on Friday, hitting $28.17. The stock had a trading volume of 804,889 shares. The stock has a 50 day moving average price of $27.11 and a 200 day moving average price of $24.34. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $32.98. The company has a market cap of $1.37 billion, a P/E ratio of 42.81 and a beta of 0.26.

G-III Apparel Group, LTD. (NASDAQ:GIII) last issued its quarterly earnings results on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.11. G-III Apparel Group, LTD. had a return on equity of 4.65% and a net margin of 1.23%. The firm had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $522.45 million. During the same period in the previous year, the firm posted $0.01 EPS. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. On average, equities research analysts expect that G-III Apparel Group, LTD. will post $1.35 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in G-III Apparel Group, LTD. by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 22,875 shares of the textile maker’s stock valued at $571,000 after acquiring an additional 100 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in G-III Apparel Group, LTD. by 1.1% in the 1st quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the textile maker’s stock valued at $390,000 after acquiring an additional 200 shares in the last quarter. Texas Permanent School Fund lifted its position in G-III Apparel Group, LTD. by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 31,969 shares of the textile maker’s stock valued at $798,000 after acquiring an additional 275 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in G-III Apparel Group, LTD. by 3.3% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,330 shares of the textile maker’s stock valued at $258,000 after acquiring an additional 330 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in G-III Apparel Group, LTD. by 2.3% in the 2nd quarter. HighTower Advisors LLC now owns 18,197 shares of the textile maker’s stock valued at $450,000 after acquiring an additional 408 shares in the last quarter. 99.38% of the stock is currently owned by institutional investors and hedge funds.

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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