G-III Apparel Group (NASDAQ:GIII) Price Target Cut to $30.00 by Analysts at Telsey Advisory Group

G-III Apparel Group (NASDAQ:GIII) had its target price dropped by Telsey Advisory Group from $38.00 to $30.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the textile maker’s stock. Telsey Advisory Group’s price target points to a potential upside of 14.94% from the stock’s current price.

Several other equities analysts have also weighed in on GIII. KeyCorp lifted their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Guggenheim lifted their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Barclays increased their price objective on shares of G-III Apparel Group from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 11th. UBS Group decreased their price target on shares of G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Finally, StockNews.com lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.00.

G-III Apparel Group Trading Up 3.0 %

NASDAQ GIII opened at $26.10 on Friday. The company has a market cap of $1.15 billion, a P/E ratio of 6.85 and a beta of 2.09. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $36.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The company has a 50-day moving average of $29.68 and a 200-day moving average of $30.48.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping the consensus estimate of $0.97 by $0.30. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm had revenue of $839.50 million during the quarter, compared to analyst estimates of $808.59 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. G-III Apparel Group’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, equities analysts predict that G-III Apparel Group will post 4.16 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AlphaQuest LLC acquired a new position in shares of G-III Apparel Group in the 4th quarter valued at approximately $49,000. Smartleaf Asset Management LLC raised its holdings in G-III Apparel Group by 249.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock valued at $64,000 after acquiring an additional 1,412 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in G-III Apparel Group during the 4th quarter valued at $68,000. Quarry LP acquired a new position in G-III Apparel Group during the 3rd quarter worth $63,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in G-III Apparel Group by 93.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock worth $92,000 after acquiring an additional 1,460 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

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.