Barclays reaffirmed their hold rating on shares of G-III Apparel Group (NASDAQ:GIII) in a report published on Sunday morning. They currently have a $36.00 price objective on the textile maker’s stock.
Several other research analysts have also recently commented on GIII. Piper Jaffray Companies set a $54.00 price target on G-III Apparel Group and gave the stock a buy rating in a research note on Tuesday, September 18th. Buckingham Research lowered their price objective on G-III Apparel Group from $57.00 to $50.00 and set a buy rating for the company in a report on Wednesday, October 17th. B. Riley raised G-III Apparel Group from a neutral rating to a buy rating and set a $47.00 price objective for the company in a report on Thursday, October 18th. Cowen set a $45.00 price objective on G-III Apparel Group and gave the company a buy rating in a report on Thursday, October 18th. Finally, BidaskClub lowered G-III Apparel Group from a strong-buy rating to a buy rating in a report on Friday, October 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $45.91.
NASDAQ:GIII opened at $31.95 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.55 and a current ratio of 2.54. G-III Apparel Group has a one year low of $25.43 and a one year high of $51.20. The stock has a market capitalization of $1.56 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 0.77 and a beta of 0.73.
Institutional investors have recently made changes to their positions in the stock. AMP Capital Investors Ltd bought a new stake in G-III Apparel Group in the second quarter valued at about $266,000. Strategic Wealth Advisors Group LLC bought a new position in shares of G-III Apparel Group during the second quarter valued at approximately $604,000. United Services Automobile Association grew its holdings in shares of G-III Apparel Group by 790.0% during the second quarter. United Services Automobile Association now owns 57,069 shares of the textile maker’s stock valued at $2,534,000 after purchasing an additional 50,657 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of G-III Apparel Group by 10.3% during the third quarter. Bank of Montreal Can now owns 45,058 shares of the textile maker’s stock valued at $2,171,000 after purchasing an additional 4,212 shares during the last quarter. Finally, Rothschild & Co. Asset Management US Inc. bought a new position in shares of G-III Apparel Group during the third quarter valued at approximately $28,845,000.
G-III Apparel Group Company Profile
G-III Apparel Group, Ltd. designs, manufactures, and markets women's and men's apparel in the United States and internationally. The company operates in 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.
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