G-III Apparel Group (GIII) Rating Reiterated by KeyCorp
KeyCorp reiterated their buy rating on shares of G-III Apparel Group (NASDAQ:GIII) in a research report report published on Thursday. They currently have a $45.00 price target on the textile maker’s stock. KeyCorp also issued estimates for G-III Apparel Group’s Q4 2018 earnings at $0.20 EPS, FY2018 earnings at $1.55 EPS, Q3 2019 earnings at $1.80 EPS, Q4 2019 earnings at $0.20 EPS and FY2019 earnings at $2.02 EPS.
Several other analysts have also recently commented on GIII. B. Riley reiterated a buy rating on shares of G-III Apparel Group in a research note on Wednesday, November 1st. Piper Jaffray Companies reiterated a buy rating on shares of G-III Apparel Group in a research note on Wednesday, January 10th. BidaskClub cut shares of G-III Apparel Group from a buy rating to a hold rating in a research note on Thursday, December 14th. Cowen set a $30.00 price target on shares of G-III Apparel Group and gave the stock a hold rating in a research note on Thursday, October 12th. Finally, Barclays assumed coverage on shares of G-III Apparel Group in a research note on Tuesday, September 19th. They issued an underweight rating and a $28.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $35.00.
G-III Apparel Group (GIII) traded up $0.34 on Thursday, hitting $40.50. 437,400 shares of the company were exchanged, compared to its average volume of 769,644. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.91 and a current ratio of 3.52. G-III Apparel Group has a 52 week low of $18.00 and a 52 week high of $40.87. The stock has a market cap of $1,987.78, a PE ratio of 48.21, a price-to-earnings-growth ratio of 1.79 and a beta of 0.28.
G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Tuesday, December 5th. The textile maker reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.54 by $0.13. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.65%. G-III Apparel Group’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 EPS. equities research analysts anticipate that G-III Apparel Group will post 1.51 EPS for the current year.
In other news, Director Bokhorst Willem Van sold 7,518 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $37.51, for a total value of $282,000.18. Following the sale, the director now directly owns 48,667 shares in the company, valued at approximately $1,825,499.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the completion of the sale, the insider now owns 556,152 shares in the company, valued at $18,697,830.24. The disclosure for this sale can be found here. Insiders own 9.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of GIII. YorkBridge Wealth Partners LLC increased its holdings in shares of G-III Apparel Group by 17.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock worth $101,000 after buying an additional 580 shares during the last quarter. Flinton Capital Management LLC increased its holdings in shares of G-III Apparel Group by 87.0% in the 2nd quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock worth $101,000 after buying an additional 1,876 shares during the last quarter. Zions Bancorporation bought a new stake in shares of G-III Apparel Group in the 3rd quarter worth about $151,000. Invictus RG bought a new stake in shares of G-III Apparel Group in the 3rd quarter worth about $185,000. Finally, SG Americas Securities LLC bought a new stake in shares of G-III Apparel Group in the 2nd quarter worth about $193,000.
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About G-III Apparel Group
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.
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