In a report released yesterday, Jim Duffy from Stifel Nicolaus reiterated a Hold rating on G-III Apparel Group (NASDAQ: GIII), with a price target of $50. The company’s shares closed yesterday at $46.05.
According to TipRanks.com, Duffy is a 4-star analyst with an average return of 9.1% and a 64.3% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Fox Factory Holding, and Clarus Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for G-III Apparel Group with a $52.67 average price target.
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G-III Apparel Group’s market cap is currently $2.17B and has a P/E ratio of 27.74. The company has a Price to Book ratio of 2.09.
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.
