Buckingham Has Just Reaffirmed $57 Target Price Per Share on G-III Apparel Group (NASDAQ:GIII) stock, While They’ve Also Reiterated Their “Buy” Rating

September 8, 2018 - By Mary Kidd

Investors sentiment increased to 1.24 in 2018 Q1. Its up 0.01, from 1.23 in 2017Q4. It increased, 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.

Piedmont Investment Lc stated it has 0.01% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII). Davidson Kempner Mgmt L P owns 250,000 shares or 0.25% of their US portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) owns 0% invested in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 2,833 shares. Parkside Bankshares Tru accumulated 597 shares. Envestnet Asset holds 0% or 12,329 shares in its portfolio. Riverhead Mngmt Ltd Liability stated it has 0.01% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Arrowstreet Partnership accumulated 24,320 shares. Northern has 0.01% invested in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 572,618 shares. Dimensional Fund L P reported 4.13M shares. Ubs Asset Americas Inc holds 21,514 shares. Kistler holds 145 shares. Cibc Asset Management Incorporated reported 5,684 shares. Blackrock owns 5.43 million shares or 0.01% of their US portfolio. Gradient Invs Ltd Limited Liability Company reported 11 shares. Profit Invest Mgmt Limited stated it has 3.26% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII).

Since April 9, 2018, it had 0 insider buys, and 7 sales for $39.39 million activity. Shares for $513,832 were sold by BROSIG THOMAS on Friday, June 8. Goldfarb Jeffrey David also sold $981,680 worth of G-III Apparel Group, Ltd. (NASDAQ:GIII) shares. MILLER WAYNE S sold 28,000 shares worth $1.08 million. Shares for $243,750 were sold by FELLER ALAN on Thursday, June 7. GOLDFARB MORRIS had sold 770,000 shares worth $36.43M on Friday, June 15. The insider POMERANTZ LAURA H sold $46,346.

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

New York: In a note revealed on Friday morning, Buckingham reaffirmed their “Buy” rating on G-III Apparel Group (NASDAQ:GIII) shares. They now have a $57 target on the company. Buckingham’s target indicates a potential upside of 29.40 % from the company’s close price.

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. $48.78’s average target is 10.74% above currents $44.05 stock price. G-III Apparel Group had 13 analyst reports since March 23, 2018 according to SRatingsIntel. The rating was upgraded by Barclays Capital on Wednesday, June 6 to “Equal-Weight”. The firm earned “Buy” rating on Friday, March 23 by Buckingham Research. The company was initiated on Friday, May 4 by C.L. King. FBR Capital maintained G-III Apparel Group, Ltd. (NASDAQ:GIII) rating on Friday, March 23. FBR Capital has “Hold” rating and $3800 target. The rating was maintained by Buckingham Research on Wednesday, June 6 with “Buy”. Barclays Capital maintained G-III Apparel Group, Ltd. (NASDAQ:GIII) on Friday, September 7 with “Equal-Weight” rating. On Friday, September 7 the stock rating was maintained by Buckingham Research with “Buy”. Cowen & Co maintained G-III Apparel Group, Ltd. (NASDAQ:GIII) rating on Wednesday, June 6. Cowen & Co has “Buy” rating and $5400 target. Stifel Nicolaus maintained the stock with “Hold” rating in Wednesday, June 6 report. Cowen & Co upgraded G-III Apparel Group, Ltd. (NASDAQ:GIII) on Wednesday, May 30 to “Outperform” 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: Marketwatch.com which released: “Here’s the line in the sand for Twitter’s slumping stock — according to one influential bull” on September 06, 2018, also Nasdaq.com with their article: “Research Report Identifies Scientific Games, Accuray, Shake Shack, MoneyGram International, G-III Apparel Group …” published on August 28, 2018, Businesswire.com published: “G-III Apparel Group Announces Date for Second Quarter Fiscal Year 2019 Results” on August 30, 2018. More interesting news about G-III Apparel Group, Ltd. (NASDAQ:GIII) were released by: Marketwatch.com and their article: “S&P 500, Nasdaq close lower for third day in a row as tech stocks sink” published on September 06, 2018 as well as Benzinga.com‘s news article titled: “G-III Apparel Group’s Q2 Earnings Preview” with publication date: September 05, 2018.

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

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