G-III Apparel Group (NASDAQ:GIII) Given New $30.00 Price Target at Telsey Advisory Group

G-III Apparel Group (NASDAQ:GIII) had its target price trimmed by Telsey Advisory Group from $38.00 to $30.00 in a research note published on Friday morning, MarketBeat Ratings reports. The firm currently has a market perform rating on the textile maker’s stock.

A number of other research analysts have also commented on GIII. StockNews.com lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Wednesday. Barclays upped their target price on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday, December 11th. Guggenheim raised their price target on shares of 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. UBS Group cut their price objective 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, KeyCorp increased their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $32.00.

G-III Apparel Group Price Performance

NASDAQ GIII opened at $26.67 on Friday. The stock has a market capitalization of $1.17 billion, a PE ratio of 7.00 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 50 day moving average price of $29.46 and a two-hundred day moving average price of $30.45. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

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

Institutional Trading of G-III Apparel Group

Institutional investors have recently made changes to their positions in the business. AlphaQuest LLC bought a new position in G-III Apparel Group during the fourth quarter worth about $49,000. Quarry LP acquired a new position in shares of G-III Apparel Group in the 3rd quarter worth approximately $63,000. Smartleaf Asset Management LLC lifted its position in shares of G-III Apparel Group by 249.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock worth $64,000 after buying an additional 1,412 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in G-III Apparel Group in the 4th quarter valued at $68,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in G-III Apparel Group by 93.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock valued at $92,000 after acquiring an additional 1,460 shares during the period. 92.13% of the stock is currently owned by institutional investors and hedge funds.

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.