KeyBanc Believes G-III Apparel Group (GIII) Won’t Stop Here


KeyBanc analyst Edward Yruma maintained a Buy rating on G-III Apparel Group (NASDAQ: GIII) today and set a price target of $58. The company’s shares closed yesterday at $47.53, close to its 52-week high of $51.20.

According to TipRanks.com, Yruma is a 4-star analyst with an average return of 11.1% and a 63.2% success rate. Yruma covers the Services sector, focusing on stocks such as Urban Outfitters, Nordstrom Inc, and Tiffany & Co.

Currently, the analyst consensus on G-III Apparel Group is Moderate Buy and the average price target is $49, representing a 3.1% upside.

In a report issued on May 30, Cowen & Co. also upgraded the stock to Buy with a $49 price target.

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G-III Apparel Group’s market cap is currently $2.33B and has a P/E ratio of 38.02. The company has a Price to Book ratio of 2.08.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is neutral on the stock.

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. The Retail Operations segment includes Wilsons Leather and G.H. Bass stores, as well as Calvin Klein Performance stores. The company provides apparel under recognized brands to retailers such as Macy’s, Bloomingdale’s, Nordstrom, Lord and Taylor, The Bon-Ton Stores, Dillards, JC Penney, and Kohl’s. It also has fashion licenses under Calvin Klein, Sean John, Kenneth Cole, Cole Haan, Guess?, Jones New York, Jessica Simpson, Vince Camuto, Nine West, Ellen Tracy, Tommy Hilfiger, Kensie, Mac and Jac, Levi’s, and Dockers brands. G-III Apparel Group was founded by Aron Goldfarb in 1974 and is headquartered in New York, NY.

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