Piper Jaffray analyst Erinn Murphy reiterated a Buy rating on G-III Apparel Group (NASDAQ: GIII) yesterday and set a price target of $51. The company’s shares closed yesterday at $46.05.
According to TipRanks.com, Murphy is a 3-star analyst with an average return of 1.4% and a 50.8% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Wolverine World Wide, and Deckers Outdoor.
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, representing a 14.4% upside. In a report released yesterday, Cowen & Co. also maintained a Buy rating on the stock with a $55 price target.
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G-III Apparel Group’s market cap is currently $2.26B 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.
