In a report released today, Erinn Murphy from Piper Jaffray reiterated a Buy rating on G-III Apparel Group (GIII), with a price target of $40. The company’s shares opened today at $27.89, close to its 52-week low of $25.43.
According to TipRanks.com, Murphy is ranked 0 out of 5 stars with an average return of -3.5% and a 43.1% success rate. Murphy covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Wolverine World Wide, and Deckers Outdoor.
G-III Apparel Group has an analyst consensus of Strong Buy, with a price target consensus of $46, implying a 64.9% upside from current levels. In a report issued on December 16, Stifel Nicolaus also upgraded the stock to Buy 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 35 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.
