G-III Apparel Group LTD. (GIII) Receives Analyst Rating

G-III Apparel Group LTD. (GIII) : 8 analysts are covering G-III Apparel Group LTD. (GIII) and their average rating on the stock is 2.25, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 5, which recommends a Strong Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

G-III Apparel Group LTD. (GIII) : The highest short term price target forecast on G-III Apparel Group LTD. (GIII) is $58 and the lowest target price is $28. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $41.63 with a standard deviation of $10.97.


Also, Major Brokerage house, Stifel Nicolaus downgrades its ratings on G-III Apparel Group LTD. (NASDAQ:GIII). According to the latest information available, the shares are now rated Sell by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on August 31, 2016.

G-III Apparel Group LTD. (NASDAQ:GIII): After opening at $28.92, the stock dipped to an intraday low of $28.89 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $29.7 and the buying power remained strong till the end. The stock closed at $29.68 for the day, a gain of 1.96% for the day session. The total traded volume was 520,292. The stocks close on the previous trading day was $29.11.

G-III Apparel Group, Ltd. designs, manufactures, and markets a range of apparel products. The Companys apparel products include outerwear, dresses, sportswear, swimwear, womens suits and womens performance wear, as well as footwear, luggage and womens handbags, small leather goods and cold weather accessories. The Company operates through three segments, Licensed Products, Non-Licensed Products, and Retail Operations. The Licensed products segment includes sales of products under brands licensed by the Company from third parties. The Non-licensed products segment includes sales of products under its own brands and under private label brands. The retail operations segment consists primarily of its Wilsons Leather and G.H. Bass stores, as well as Calvin Klein Performance stores.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.