G-III Apparel Group, Ltd. (GIII) Receives Consensus Rating of “Buy” from Analysts
G-III Apparel Group, Ltd. (NASDAQ:GIII) has earned an average rating of “Buy” from the fourteen ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $35.40.
A number of research analysts have weighed in on the stock. Piper Jaffray Companies reissued a “buy” rating on shares of G-III Apparel Group in a research note on Wednesday, January 10th. KeyCorp reissued a “buy” rating and issued a $45.00 target price on shares of G-III Apparel Group in a research note on Thursday, January 11th. BidaskClub lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Barclays lifted their price target on shares of G-III Apparel Group from $29.00 to $33.00 and gave the company an “underweight” rating in a research report on Thursday, January 25th. Finally, B. Riley reaffirmed a “neutral” rating and set a $36.00 price target on shares of G-III Apparel Group in a research report on Friday, December 22nd.
G-III Apparel Group (GIII) traded up $0.75 on Wednesday, reaching $35.99. 326,600 shares of the company’s stock were exchanged, compared to its average volume of 606,224. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.52 and a quick ratio of 1.91. G-III Apparel Group has a twelve month low of $18.00 and a twelve month high of $40.96. The stock has a market cap of $1,729.61, a price-to-earnings ratio of 42.85, a price-to-earnings-growth ratio of 1.16 and a beta of 0.24.
In other G-III Apparel Group news, Vice Chairman Sammy Aaron sold 51,000 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $33.62, for a total value of $1,714,620.00. Following the sale, the insider now owns 556,152 shares of the company’s stock, valued at $18,697,830.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Bokhorst Willem Van sold 7,518 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $37.51, for a total value of $282,000.18. Following the completion of the sale, the director now directly owns 48,667 shares in the company, valued at approximately $1,825,499.17. The disclosure for this sale can be found here. 9.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in GIII. Flinton Capital Management LLC raised its position in G-III Apparel Group by 87.0% in the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock valued at $101,000 after purchasing an additional 1,876 shares during the period. Zions Bancorporation purchased a new stake in G-III Apparel Group in the third quarter valued at approximately $151,000. Invictus RG purchased a new stake in G-III Apparel Group in the third quarter valued at approximately $185,000. CIBC Asset Management Inc purchased a new stake in G-III Apparel Group in the fourth quarter valued at approximately $210,000. Finally, Turner Investments LLC purchased a new stake in G-III Apparel Group in the third quarter valued at approximately $218,000.
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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