G-III Attire Group (NASDAQ:GIII – Get Ranking) had its value goal lowered by equities researchers at UBS Group from $31.00 to $22.00 in a report launched on Friday, The Fly studies. The presently agency has a “impartial” score on the textile maker’s inventory. UBS Group’s value goal would point out a possible upside of 9.67% from the corporate’s earlier shut.

Different equities analysts have additionally not too long ago issued analysis studies in regards to the inventory. TheStreet downgraded shares of G-III Attire Group from a “b-” score to a “c+” score in a analysis notice on Tuesday, July fifth. StockNews.com downgraded shares of G-III Attire Group from a “purchase” score to a “maintain” score in a analysis notice on Wednesday, June eighth. Wells Fargo & Firm started protection on shares of G-III Attire Group in a analysis notice on Monday, July eleventh. They issued an “equal weight” score and a $20.00 value goal for the corporate. B. Riley dropped their value goal on shares of G-III Attire Group from $41.00 to $37.00 and set a “purchase” score for the corporate in a analysis notice on Wednesday, June eighth. Lastly, Barclays reiterated an “equal weight” score and set a $22.00 goal value on shares of G-III Attire Group in a analysis notice on Wednesday, June fifteenth. 5 funding analysts have rated the inventory with a maintain score and one has issued a purchase score to the corporate. In line with MarketBeat, the corporate presently has a median score of “Maintain” and a median value goal of $26.20.

G-III Attire Group Inventory Up 1.5%

G-III Attire Group inventory opened at $20.06 on Friday. G-III Attire Group has a fifty-two week low of $19.38 and a fifty-two week excessive of $35.12. The corporate has a debt-to-equity ratio of 0.33, a fast ratio of two.36 and a present ratio of three.58. The agency has a 50 day transferring common value of $22.75 and a 200 day transferring common value of $25.82. The corporate has a market capitalization of $967.29 million, a PE ratio of 4.83 and a beta of two.51.

G-III Attire Group (NASDAQ:GIII – Get Ranking) final posted its earnings outcomes on Tuesday, June seventh. The textile maker reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. G-III Attire Group had a internet margin of 6.98% and a return on fairness of 14.09%. The agency had income of $688.80 million throughout the quarter, in comparison with the consensus estimate of $597.35 million. Throughout the identical quarter final 12 months, the agency earned $0.53 EPS. The agency’s income for the quarter was up 32.5% on a year-over-year foundation. Analysis analysts anticipate that G-III Attire Group will submit 4.47 earnings per share for the present 12 months.

Institutional Buyers Weigh In On G-III Attire Group

A variety of institutional buyers and hedge funds have not too long ago purchased and bought shares of GIII. UMB Financial institution NA MO bought a brand new stake in G-III Attire Group within the fourth quarter valued at $43,000. Point72 Hong Kong Ltd bought a brand new stake in shares of G-III Attire Group within the fourth quarter valued at about $85,000. Counterpoint Mutual Funds LLC bought a brand new stake in shares of G-III Attire Group within the first quarter valued at about $89,000. Gladius Capital Administration LP bought a brand new stake in shares of G-III Attire Group within the first quarter valued at about $96,000. Lastly, Alpha Paradigm Companions LLC bought a brand new stake in shares of G-III Attire Group within the fourth quarter valued at about $107,000. 92.61% of the inventory is owned by hedge funds and different institutional buyers.

G-III Attire Group Firm Profile

(Get Ranking)

G-III Attire Group, Ltd. designs, sources, and markets girls’s and males’s attire in the US and internationally. The corporate operates by way of two segments, Wholesale Operations and Retail Operations. Its merchandise embrace outerwear, clothes, sportswear, swimwear, girls’s fits, and girls’s efficiency put on; and girls’s purses, footwear, small leather-based items, chilly climate equipment, and baggage.

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Analyst Recommendations for G-III Apparel Group (NASDAQ:GIII)

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