In a report released yesterday, Chethan Mallela from Barclays maintained a Hold rating on G-III Apparel Group (GIII), with a price target of $43. The company’s shares opened today at $35.37.
According to TipRanks.com, Mallela is ranked 0 out of 5 stars with an average return of -10.8% and a 29.0% 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 $47.25, implying a 33.6% upside from current levels. In a report released yesterday, Stifel Nicolaus also maintained a Hold rating on the stock with a $40 price target.
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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 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.
