Analysts at Barclays Didn’t Change their Past ‘Equal-Weight’ rating on Shares G-III Apparel Group (NASDAQ:GIII), Set a $50 Price Target

September 8, 2018 - By Mary Kidd

Investors sentiment increased to 1.24 in Q1 2018. Its up 0.01, from 1.23 in 2017Q4. It is positive, as 18 investors sold G-III Apparel Group, Ltd. shares while 49 reduced holdings. 29 funds opened positions while 54 raised stakes. 45.68 million shares or 2.99% more from 44.36 million shares in 2017Q4 were reported.

Adage Cap Prtn Group Lc reported 222,576 shares or 0.02% of all its holdings. Aqr Capital Mngmt Lc holds 0% in G-III Apparel Group, Ltd. (NASDAQ:GIII) or 10,600 shares. Penn Capital Mngmt invested in 1.3% or 438,076 shares. Blackrock has invested 0.01% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Millennium Ltd Liability stated it has 941,324 shares. Stifel Fin invested in 440,586 shares or 0.05% of the stock. Profund Advsrs Ltd Liability Com stated it has 7,605 shares or 0.01% of all its holdings. Ameritas Ptnrs Incorporated, a Nebraska-based fund reported 3,714 shares. Piedmont Investment Advsrs Ltd Liability Corporation invested in 0.01% or 8,917 shares. Louisiana State Employees Retirement Sys stated it has 18,500 shares or 0.03% of all its holdings. Arrowstreet Capital Limited Partnership has invested 0% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Aperio Group Ltd Liability has invested 0% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Kistler, Alabama-based fund reported 145 shares. California Employees Retirement Systems holds 70,800 shares. State Of Tennessee Treasury Department, Tennessee-based fund reported 29,579 shares.

Since April 9, 2018, it had 0 buys, and 7 sales for $39.39 million activity. MILLER WAYNE S had sold 28,000 shares worth $1.08M. Shares for $513,832 were sold by BROSIG THOMAS on Friday, June 8. Another trade for 2,000 shares valued at $94,000 was sold by VAN BOKHORST WILLEM. 5,000 shares were sold by FELLER ALAN, worth $243,750 on Thursday, June 7. Goldfarb Jeffrey David had sold 20,000 shares worth $981,680 on Friday, June 8. POMERANTZ LAURA H had sold 1,191 shares worth $46,346 on Friday, April 13.

G-III Apparel Group (NASDAQ:GIII) Rating Reaffirmed

They currently have a $50 TP on G-III Apparel Group (NASDAQ:GIII). The target price by Barclays would suggest a potential upside of 13.51 % from the company’s last stock price. This has been revealed to investors in an analyst report on Friday morning.

G-III Apparel Group, Ltd. (NASDAQ:GIII) Ratings Coverage

Among 9 analysts covering G-III Apparel Group (NASDAQ:GIII), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. G-III Apparel Group has $58 highest and $3800 lowest target. $46.67’s average target is 5.95% above currents $44.05 stock price. G-III Apparel Group had 11 analyst reports since March 23, 2018 according to SRatingsIntel. The rating was maintained by Buckingham Research with “Buy” on Wednesday, June 6. The company was maintained on Wednesday, June 6 by Stifel Nicolaus. The firm earned “Outperform” rating on Wednesday, May 30 by Cowen & Co. The firm earned “Buy” rating on Friday, March 23 by Buckingham Research. The firm earned “Hold” rating on Friday, March 23 by FBR Capital. Cowen & Co maintained G-III Apparel Group, Ltd. (NASDAQ:GIII) rating on Wednesday, June 6. Cowen & Co has “Buy” rating and $5400 target. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) has “Buy” rating given on Friday, May 4 by C.L. King. On Wednesday, June 6 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. Barclays Capital upgraded G-III Apparel Group, Ltd. (NASDAQ:GIII) on Wednesday, June 6 to “Equal-Weight” rating.

The stock decreased 4.34% or $2 during the last trading session, reaching $44.05. About 1.40 million shares traded or 132.19% up from the average. G-III Apparel Group, Ltd. (NASDAQ:GIII) has risen 100.00% since September 8, 2017 and is uptrending. It has outperformed by 87.43% the S&P500.

G-III Apparel Group, Ltd. designs, manufactures, and markets menÂ’s and womenÂ’s apparel. The company has market cap of $2.17 billion. It operates in two divisions, Wholesale Operations and Retail Operations. It has a 21.99 P/E ratio. The companyÂ’s products include outerwear, dresses, sportswear, swimwear, womenÂ’s suits, and womenÂ’s performance wear; and womenÂ’s handbags, footwear, small leather goods, cold weather accessories, and luggage.

More notable recent G-III Apparel Group, Ltd. (NASDAQ:GIII) news were published by: Benzinga.com which released: “55 Biggest Movers From Yesterday” on September 07, 2018, also Benzinga.com with their article: “G-III Apparel Group’s Q2 Earnings Preview” published on September 05, 2018, Marketwatch.com published: “S&P 500, Nasdaq close lower for third day in a row as tech stocks sink” on September 06, 2018. More interesting news about G-III Apparel Group, Ltd. (NASDAQ:GIII) were released by: Schaeffersresearch.com and their article: “Dow Futures Up as Jobs Data Trickles In” published on September 06, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For September 6, 2018” with publication date: September 06, 2018.

G-III Apparel Group, Ltd. (NASDAQ:GIII) Ratings Chart

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