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

Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have earned an average rating of “Reduce” from the five research firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $25.83.

A number of equities research analysts recently weighed in on the stock. UBS Group reduced their price target 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. Wells Fargo & Company dropped their price objective on shares of G-III Apparel Group from $24.00 to $23.00 and set an “underweight” rating on the stock in a research note on Friday, March 15th. Barclays restated an “underweight” rating and issued a $23.00 price objective (down from $30.00) on shares of G-III Apparel Group in a research note on Monday, March 4th. TheStreet upgraded shares of G-III Apparel Group from a “c+” rating to a “b” rating in a research note on Thursday, March 14th. Finally, StockNews.com lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of G-III Apparel Group during the third quarter worth about $34,000. Newbridge Financial Services Group Inc. acquired a new position in shares of G-III Apparel Group during the first quarter worth about $35,000. Quest Partners LLC acquired a new position in shares of G-III Apparel Group during the fourth quarter worth about $56,000. DekaBank Deutsche Girozentrale acquired a new position in shares of G-III Apparel Group during the third quarter worth about $97,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of G-III Apparel Group during the first quarter worth about $171,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

G-III Apparel Group Price Performance

Shares of GIII opened at $27.90 on Thursday. G-III Apparel Group has a 1-year low of $15.83 and a 1-year high of $35.68. The stock has a market cap of $1.25 billion, a PE ratio of 7.40 and a beta of 2.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.36 and a quick ratio of 2.31. The firm has a fifty day moving average price of $27.96 and a 200 day moving average price of $29.87.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, March 14th. The textile maker reported $0.76 earnings per share 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 firm had revenue of $764.80 million during the quarter, compared to analysts’ expectations of $816.98 million. During the same period in the previous year, the company earned $0.41 earnings per share. G-III Apparel Group’s quarterly revenue was down 10.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that G-III Apparel Group will post 3.55 EPS 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.