A number of other analysts have also recently issued reports on the company. ValuEngine raised G-III Apparel Group from a strong sell rating to a sell rating in a research report on Friday, January 3rd. KeyCorp dropped their price objective on G-III Apparel Group from $45.00 to $40.00 and set an overweight rating on the stock in a research note on Thursday, December 5th. Wells Fargo & Co upgraded G-III Apparel Group from an equal weight rating to an overweight rating and set a $42.00 price objective on the stock in a research note on Thursday, January 2nd. Telsey Advisory Group lifted their target price on G-III Apparel Group from $23.00 to $28.00 and gave the stock a market perform rating in a research report on Thursday, December 5th. Finally, Cowen reaffirmed a buy rating and set a $34.00 price objective on shares of G-III Apparel Group in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of Hold and an average price target of $31.00.
Shares of GIII opened at $30.47 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.45 and a current ratio of 2.36. The stock has a 50-day moving average price of $31.45 and a 200 day moving average price of $27.16. G-III Apparel Group has a one year low of $18.18 and a one year high of $43.98. The company has a market capitalization of $1.48 billion, a P/E ratio of 10.65, a P/E/G ratio of 0.92 and a beta of 1.61.
In other news, Director Bokhorst Willem Van sold 4,753 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $32.81, for a total transaction of $155,945.93. Following the completion of the transaction, the director now directly owns 56,636 shares in the company, valued at approximately $1,858,227.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 8.60% of the company’s stock.
Several hedge funds have recently modified their holdings of GIII. FTB Advisors Inc. raised its holdings in G-III Apparel Group by 43.2% in the 3rd quarter. FTB Advisors Inc. now owns 1,320 shares of the textile maker’s stock valued at $34,000 after acquiring an additional 398 shares during the period. Quadrant Capital Group LLC acquired a new stake in shares of G-III Apparel Group during the 3rd quarter worth approximately $37,000. Tower Research Capital LLC TRC acquired a new stake in shares of G-III Apparel Group during the 3rd quarter worth approximately $48,000. Glen Harbor Capital Management LLC boosted its position in shares of G-III Apparel Group by 14.7% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 4,608 shares of the textile maker’s stock worth $136,000 after acquiring an additional 592 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of G-III Apparel Group by 15.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,131 shares of the textile maker’s stock worth $151,000 after acquiring an additional 700 shares in the last quarter. 99.74% of the stock is currently owned by institutional investors.
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 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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