Cowen & Co. Sticks to Their Buy Rating for G-III Apparel Group (GIII)


Cowen & Co. analyst John Kernan maintained a Buy rating on G-III Apparel Group (NASDAQ: GIII) today and set a price target of $55. The company’s shares opened today at $46.05.

According to TipRanks.com, Kernan is a 3-star analyst with an average return of 3.3% and a 51.3% success rate. Kernan covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Dick’s Sporting Goods, and Ralph Lauren Corp.

Currently, the analyst consensus on G-III Apparel Group is a Moderate Buy with an average price target of $53.

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G-III Apparel Group’s market cap is currently $2.17B and has a P/E ratio of 26.54. The company has a Price to Book ratio of 2.00.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.

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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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