G-III Apparel Group (NASDAQ:GIII) Boosted to “Sell” at ValuEngine

G-III Apparel Group (NASDAQ:GIII) Boosted  to “Sell” at ValuEngine

ValuEngine upgraded shares of G-III Apparel Group (NASDAQ:GIII) from a strong sell rating to a sell rating in a research report sent to investors on Thursday, January 17th.

Other equities analysts have also issued reports about the stock. BidaskClub downgraded shares of G-III Apparel Group from a strong-buy rating to a buy rating in a research note on Friday, October 19th. KeyCorp reissued a buy rating on shares of G-III Apparel Group in a research note on Sunday, December 9th. Buckingham Research dropped their price target on shares of G-III Apparel Group from $57.00 to $50.00 and set a buy rating for the company in a research note on Wednesday, October 17th. B. Riley raised shares of G-III Apparel Group from a neutral rating to a buy rating and set a $47.00 price target for the company in a research note on Thursday, October 18th. Finally, Zacks Investment Research downgraded shares of G-III Apparel Group from a strong-buy rating to a hold rating in a research note on Tuesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $45.91.

NASDAQ:GIII traded down $0.01 on Thursday, reaching $34.56. The stock had a trading volume of 257,672 shares, compared to its average volume of 496,985. The firm has a market cap of $1.71 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 0.74 and a beta of 0.94. G-III Apparel Group has a 1-year low of $25.43 and a 1-year high of $51.20. The company has a quick ratio of 1.55, a current ratio of 2.54 and a debt-to-equity ratio of 0.59.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, December 6th. The textile maker reported $1.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.81 by $0.07. G-III Apparel Group had a net margin of 3.75% and a return on equity of 11.60%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the business earned $1.67 earnings per share. G-III Apparel Group’s quarterly revenue was up 4.7% on a year-over-year basis. On average, research analysts expect that G-III Apparel Group will post 2.75 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in GIII. Piedmont Investment Advisors Inc. lifted its stake in G-III Apparel Group by 3.7% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 10,010 shares of the textile maker’s stock valued at $279,000 after acquiring an additional 353 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in G-III Apparel Group by 19.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,795 shares of the textile maker’s stock valued at $78,000 after acquiring an additional 461 shares during the last quarter. Nvwm LLC lifted its stake in G-III Apparel Group by 15.0% in the fourth quarter. Nvwm LLC now owns 3,892 shares of the textile maker’s stock valued at $109,000 after acquiring an additional 508 shares during the last quarter. Affinity Investment Advisors LLC lifted its stake in G-III Apparel Group by 8.0% in the fourth quarter. Affinity Investment Advisors LLC now owns 10,943 shares of the textile maker’s stock valued at $305,000 after acquiring an additional 811 shares during the last quarter. Finally, Financial Architects Inc acquired a new stake in G-III Apparel Group in the fourth quarter valued at $28,000.

About G-III Apparel Group

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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