G-III Apparel Group, Ltd. (NASDAQ:GIII) Receives Average Recommendation of “Reduce” from Brokerages

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have received an average rating of “Reduce” from the five ratings firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $25.83.

A number of research analysts have recently commented on the stock. UBS Group decreased their price objective on shares of G-III Apparel Group from $34.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, March 18th. Barclays reissued an “underweight” rating and issued a $23.00 price objective (down previously from $30.00) on shares of G-III Apparel Group in a research report on Monday, March 4th. StockNews.com downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Telsey Advisory Group restated a “market perform” rating and set a $29.00 target price on shares of G-III Apparel Group in a research note on Friday, March 22nd. Finally, TheStreet upgraded shares of G-III Apparel Group from a “c+” rating to a “b” rating in a research note on Thursday, March 14th.

Institutional Trading of G-III Apparel Group

Several hedge funds and other institutional investors have recently bought and sold shares of GIII. Strs Ohio acquired a new stake in G-III Apparel Group in the 3rd quarter worth about $34,000. Newbridge Financial Services Group Inc. acquired a new stake in G-III Apparel Group in the 1st quarter worth about $35,000. Castleview Partners LLC acquired a new stake in G-III Apparel Group in the 3rd quarter worth about $41,000. Quest Partners LLC acquired a new stake in G-III Apparel Group in the 4th quarter worth about $56,000. Finally, National Bank of Canada FI acquired a new stake in G-III Apparel Group in the 3rd quarter worth about $62,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

Shares of GIII opened at $28.50 on Friday. The firm has a 50-day moving average of $29.21 and a 200-day moving average of $29.41. G-III Apparel Group has a one year low of $14.49 and a one year high of $35.68. The company has a market cap of $1.29 billion, a PE ratio of 7.56 and a beta of 2.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.36 and a quick ratio of 2.31.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 14th. The textile maker reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. G-III Apparel Group had a net margin of 5.69% and a return on equity of 13.07%. The company had revenue of $764.80 million during the quarter, compared to the consensus estimate of $816.98 million. During the same quarter last year, the firm posted $0.41 EPS. The company’s quarterly revenue was down 10.5% on a year-over-year basis. As a group, equities analysts forecast that G-III Apparel Group will post 3.55 earnings per share for the current year.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.