3 days Ago By ABMN Staff
G-III Apparel Group ( NASDAQ:GIII – Get Free Report ) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday. A number of other research firms also recently commented on GIII.
Telsey Advisory Group restated a “market perform” rating and set a $29.00 price objective on shares of G-III Apparel Group in a research note on Thursday, September 5th. Barclays raised their price target on G-III Apparel Group from $23.
00 to $27.00 and gave the company an “underweight” rating in a report on Friday, September 6th. Finally, KeyCorp increased their price objective on shares of G-III Apparel Group from $32.
00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock.
According to data from MarketBeat.com, G-III Apparel Group has a consensus rating of “Hold” and an average target price of $28.80.
Read Our Latest Stock Report on G-III Apparel Group G-III Apparel Group Stock Up 3.7 % G-III Apparel Group ( NASDAQ:GIII – Get Free Report ) last released its earnings results on Thursday, September 5th. The textile maker reported $0.
52 EPS for the quarter, beating the consensus estimate of $0.27 by $0.25.
G-III Apparel Group had a return on equity of 12.81% and a net margin of 6.04%.
The firm had revenue of $644.80 million for the quarter, compared to analysts’ expectations of $649.54 million.
During the same quarter in the previous year, the business posted $0.40 EPS. The business’s quarterly revenue was down 2.
3% compared to the same quarter last year. As a group, equities research analysts predict that G-III Apparel Group will post 4.01 earnings per share for the current fiscal year.
Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. bought a new position in G-III Apparel Group during the first quarter worth about $35,000.
Point72 Asia Singapore Pte. Ltd. acquired a new stake in G-III Apparel Group during the second quarter worth approximately $42,000.
CWM LLC increased its stake in G-III Apparel Group by 115.0% during the 2nd quarter. CWM LLC now owns 1,892 shares of the textile maker’s stock worth $51,000 after acquiring an additional 1,012 shares during the period.
Quest Partners LLC acquired a new position in G-III Apparel Group in the 4th quarter valued at $56,000. Finally, Point72 DIFC Ltd bought a new stake in shares of G-III Apparel Group during the 2nd quarter valued at $78,000. 92.
13% of the stock is owned by institutional investors and hedge funds. About G-III Apparel Group ( Get Free Report ) 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. Featured Stories Receive News & Ratings for G-III Apparel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group and related companies with MarketBeat.
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