G-III Apparel Group (GIII) Price Target Increased to $39.00 by Analysts at Telsey Advisory Group
G-III Apparel Group (NASDAQ:GIII) had its target price lifted by Telsey Advisory Group from $36.00 to $39.00 in a report issued on Wednesday morning. The brokerage currently has an outperform rating on the textile maker’s stock.
GIII has been the subject of a number of other research reports. Piper Jaffray Companies set a $33.00 target price on shares of G-III Apparel Group and gave the company a buy rating in a research report on Thursday, November 30th. Cowen set a $23.00 price target on shares of G-III Apparel Group and gave the stock a hold rating in a report on Monday, August 14th. BidaskClub raised shares of G-III Apparel Group from a hold rating to a buy rating in a report on Tuesday, August 8th. ValuEngine raised shares of G-III Apparel Group from a sell rating to a hold rating in a report on Friday, September 1st. Finally, Barclays began coverage on shares of G-III Apparel Group in a report on Tuesday, September 19th. They issued an underweight rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $34.18.
Shares of G-III Apparel Group (NASDAQ:GIII) traded up $0.77 on Wednesday, hitting $35.07. 1,650,500 shares of the stock traded hands, compared to its average volume of 859,289. G-III Apparel Group has a 52-week low of $18.00 and a 52-week high of $35.95. The stock has a market cap of $1,672.41, a PE ratio of 29.07, a PEG ratio of 1.56 and a beta of 0.29. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.75 and a quick ratio of 1.09.
G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Tuesday, December 5th. The textile maker reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.13. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.77%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company posted $1.50 earnings per share. G-III Apparel Group’s revenue for the quarter was up 15.9% compared to the same quarter last year. equities analysts expect that G-III Apparel Group will post 1.47 earnings per share for the current fiscal year.
In related news, Director Alan Feller sold 2,000 shares of the firm’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $29.22, for a total transaction of $58,440.00. Following the sale, the director now owns 20,609 shares in the company, valued at $602,194.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Wayne S. Miller sold 50,000 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the sale, the chief operating officer now owns 269,531 shares in the company, valued at approximately $7,967,336.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 57,000 shares of company stock worth $1,682,990. 9.60% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in GIII. Arizona State Retirement System lifted its holdings in G-III Apparel Group by 0.4% during the second quarter. Arizona State Retirement System now owns 22,875 shares of the textile maker’s stock valued at $571,000 after purchasing an additional 100 shares in the last quarter. Texas Permanent School Fund lifted its holdings in G-III Apparel Group by 0.9% during the second quarter. Texas Permanent School Fund now owns 31,969 shares of the textile maker’s stock valued at $798,000 after purchasing an additional 275 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in G-III Apparel Group by 3.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 10,330 shares of the textile maker’s stock valued at $258,000 after purchasing an additional 330 shares in the last quarter. HighTower Advisors LLC lifted its holdings in G-III Apparel Group by 2.3% during the second quarter. HighTower Advisors LLC now owns 18,197 shares of the textile maker’s stock valued at $450,000 after purchasing an additional 408 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in G-III Apparel Group by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 34,030 shares of the textile maker’s stock valued at $849,000 after purchasing an additional 438 shares in the last quarter.
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G-III Apparel Group 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.
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