G-III Apparel Rating Increased to Buy at Standpoint Research (GIII)
G-III Apparel (NASDAQ: GIII) was upgraded by Standpoint Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $36.00 price target on the stock.
A number of other firms have also recently commented on GIII. Analysts at Brean Murray raised their price target on shares of G-III Apparel from $30.00 to $35.00 in a research note to investors on Thursday, March 22nd. Analysts at Stifel Nicolaus raised their price target on shares of G-III Apparel from $27.00 to $31.00 in a research note to investors on Tuesday, March 20th. They now have a “buy” rating on the stock.
Shares of G-III Apparel traded up 0.19% during mid-day trading on Wednesday, hitting $25.73. G-III Apparel has a one year low of $17.31 and a one year high of $45.22. The company has a market cap of $511.2 million and a P/E ratio of 10.44.
G-III Apparel last issued its quarterly earnings data on Thursday, March 22nd. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.05. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts predict that G-III Apparel will post $0.08 earnings per share next quarter.
G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of outerwear, women’s sportswear and dresses, including coats, jackets, pants, women’s suits and women’s performance wear.