KeyCorp raises its price target on G-III Apparel Group (NASDAQ:GIII) to $34.00

G-III Apparel Group (NASDAQ:GIII – Free Report) upped their price target on KeyCorp from $32.00 to $34.00 in a research note on Friday, Benzinga reports. They currently have an overweight rating on the textile maker’s stock.

GIII has been the subject of a number of other reports. Barclays upped their target price on shares of G-III Apparel Group from $23.00 to $27.00 and gave the company an underweight rating in a research report on Friday. StockNews.com lowered G-III Apparel Group from a buy rating to a hold rating in a research report on Wednesday, July 24th. Finally, Telsey Advisory Group restated a market perform rating and set a $29.00 target price on shares of G-III Apparel Group in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $28.80, based on data from MarketBeat.

See our latest report on GIII

Price performance of clothing group G-III

Shares of NASDAQ GIII opened at $32.18 on Friday. The stock’s 50-day simple moving average is $26.18, and its 200-day simple moving average is $27.70. The firm has a market cap of $1.45 billion, a PE ratio of 8.42 and a beta of 2.19. G-III Apparel Group has a fifty-two week low of $20.66 and a fifty-two week high of $35.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.62, and a current ratio of 3.79.

G-III Apparel Group (NASDAQ:GIII – Get Your Free Report ) last announced its quarterly earnings results on Thursday, September 5th. The textile maker reported $0.52 EPS for the quarter, topping the consensus estimate of $0.27 by $0.25. The company had revenue of $644.80 million for the quarter, compared to analyst estimates of $649.54 million. G-III Apparel Group had a net margin of 5.76% and a return on equity of 12.75%. The company’s revenue fell 2.3% year over year. During the same period in the previous year, the firm posted earnings of $0.40 per share. As a group, equities research analysts forecast that G-III Apparel Group will post 3.63 EPS for the current fiscal year.

Institutional investors intervene on the clothing group G-III

Several hedge funds have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. acquired a new position in G-III Apparel Group in the first quarter valued at about $35,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of G-III Apparel Group in the second quarter valued at about $42,000. CWM LLC boosted its stake in G-III Apparel Group by 115.0% during the second quarter. CWM LLC now owns 1,892 shares of the textile maker’s stock worth $51,000 after purchasing an additional 1,012 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of G-III Apparel Group during the fourth quarter valued at about $56,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of G-III Apparel Group in the second quarter worth $78,000. Institutional investors and hedge funds own 92.13% of the company’s shares.

G-III Apparel Group Company Profile

(Get a free report)

G-III Apparel Group, Ltd. designs, supplies 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 handbags, shoes, small leather goods, cold weather accessories and women’s luggage.

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