G-III Apparel Group (NASDAQ:GIII) Given “Market Perform” Rating at Telsey Advisory Group

Telsey Advisory Group reissued their market perform rating on shares of G-III Apparel Group (NASDAQ:GIII) in a research note published on Friday morning,Benzinga reports. Telsey Advisory Group currently has a $30.00 price objective on the textile maker’s stock.

A number of other equities research analysts also recently commented on the stock. KeyCorp lifted their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Barclays lowered their target price on shares of G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating for the company in a research note on Tuesday, March 18th. StockNews.com raised G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 26th. UBS Group lowered their price objective on 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, Guggenheim increased their target price on G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $33.00.

G-III Apparel Group Stock Up 0.9 %

GIII stock opened at $25.60 on Friday. G-III Apparel Group has a fifty-two week low of $20.66 and a fifty-two week high of $36.18. The company’s 50 day moving average price is $28.07 and its 200 day moving average price is $30.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 6.72 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.30. The business had revenue of $839.50 million for the quarter, compared to analyst estimates of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.76 EPS. On average, equities research analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new stake in G-III Apparel Group during the fourth quarter worth about $49,000. Quarry LP acquired a new stake in G-III Apparel Group during the 3rd quarter worth approximately $63,000. 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 buying an additional 1,412 shares during the period. Public Employees Retirement System of Ohio purchased a new position in G-III Apparel Group in the fourth quarter valued at approximately $68,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its position in G-III Apparel Group by 93.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock valued at $92,000 after buying an additional 1,460 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

About G-III Apparel Group

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.