Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) have been assigned a consensus rating of “Buy” from the fourteen research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $35.40.
A number of equities analysts have commented on the stock. Piper Jaffray Companies reiterated a “buy” rating on shares of G-III Apparel Group in a report on Wednesday, January 10th. Telsey Advisory Group boosted their target price on shares of G-III Apparel Group from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Wednesday, December 6th. B. Riley reiterated a “buy” rating on shares of G-III Apparel Group in a report on Wednesday, November 1st. BidaskClub lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, Barclays boosted their price target on G-III Apparel Group from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, January 25th.
Shares of G-III Apparel Group (NASDAQ GIII) traded up $0.02 during trading on Wednesday, reaching $36.76. 297,640 shares of the company’s stock were exchanged, compared to its average volume of 512,929. The company has a market capitalization of $1,803.23, a P/E ratio of 43.76, a PEG ratio of 1.20 and a beta of 0.24. 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 fifty-two week low of $18.00 and a fifty-two week high of $40.96.
In other news, Director Bokhorst Willem Van sold 7,518 shares of the business’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total transaction of $282,000.18. Following the sale, the director now owns 48,667 shares in the company, valued at $1,825,499.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $18,697,830.24. The disclosure for this sale can be found here. 9.60% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of GIII. Teachers Advisors LLC boosted its position in G-III Apparel Group by 2.5% in the second quarter. Teachers Advisors LLC now owns 78,380 shares of the textile maker’s stock valued at $1,956,000 after buying an additional 1,923 shares during the last quarter. TIAA CREF Investment Management LLC boosted its position in G-III Apparel Group by 1.4% in the second quarter. TIAA CREF Investment Management LLC now owns 115,310 shares of the textile maker’s stock valued at $2,877,000 after buying an additional 1,642 shares during the last quarter. Ameriprise Financial Inc. boosted its position in G-III Apparel Group by 0.6% in the second quarter. Ameriprise Financial Inc. now owns 234,312 shares of the textile maker’s stock valued at $5,846,000 after buying an additional 1,342 shares during the last quarter. Nationwide Fund Advisors boosted its position in G-III Apparel Group by 77.3% in the second quarter. Nationwide Fund Advisors now owns 49,468 shares of the textile maker’s stock valued at $1,234,000 after buying an additional 21,572 shares during the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in G-III Apparel Group in the second quarter valued at approximately $239,000.
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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