Standpoint Research Lowers G-III Apparel to Hold (GIII)
G-III Apparel (NASDAQ: GIII) was downgraded by equities researchers at Standpoint Research from a “buy” rating to a “hold” rating in a report issued on Friday.
Shares of G-III Apparel traded down 2.40% during mid-day trading on Friday, hitting $27.25. G-III Apparel has a 52 week low of $17.31 and a 52 week high of $45.22. The company has a market cap of $541.4 million and a P/E ratio of 11.35.
The company last announced its quarterly results on Thursday, March 22nd. It reported $0.25 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.30 EPS by $0.05. The company’s quarterly revenue 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.
Other equities research analysts have also recently issued reports about the stock. 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.
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.