G-III Apparel Group (GIII) Gets a Buy Rating from Piper Jaffray

Piper Jaffray analyst Erinn Murphy reiterated a Buy rating on G-III Apparel Group (GIII) today and set a price target of $50. The company’s shares opened today at $37.

According to TipRanks.com, Murphy is a 1-star analyst with an average return of -1.6% and a 47.1% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Wolverine World Wide, and Deckers Outdoor.

Currently, the analyst consensus on G-III Apparel Group is a Strong Buy with an average price target of $49.83.

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The company has a one-year high of $51.20 and a one-year low of $30.36. Currently, G-III Apparel Group has an average volume of 756.2K.

Based on the recent corporate insider activity of 39 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.