Barclays Sticks to Their Hold Rating for G-III Apparel Group (GIII)


In a report issued on January 11, Chethan Mallela from Barclays maintained a Hold rating on G-III Apparel Group (GIII), with a price target of $36. The company’s shares closed on Friday at $31.95.

According to TipRanks.com, Mallela ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -12.0% and a 18.2% success rate. Mallela covers the Services sector, focusing on stocks such as Ralph Lauren Corp, Burlington Stores, and TJX Companies.

G-III Apparel Group has an analyst consensus of Strong Buy, with a price target consensus of $45.13.

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Based on G-III Apparel Group’s latest earnings release for the quarter ending October 31, the company reported a quarterly net profit of $94.03 million. In comparison, last year the company had a net profit of $81.63 million.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GIII in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

G-III Apparel Group Ltd. manufactures and distributes outerwear and sportswear. It operates through the following business segments: Wholesale Operations and Retail Operations business. The Wholesale Operations segment consists of products and non-licensed products segments. It also includes sales of products under the company’s licensed brands.

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