G-III Apparel Group (NASDAQ:GIII) Has Just Had Its Target Downgraded by Equity Research Analysts at Brean Murray to $65.00

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Analysis: G-III Apparel Group (NASDAQ:GIII) Stock Target Has Been Increased Today

In a very recent research note sent to investors by Brean Murray on 3 December, the firm, G-III Apparel Group (NASDAQ:GIII), had their target cut to $65.00. Analusts at present have a solid “Buy” rating on the stock.

From a total of 9 analysts covering G-III Apparel Group (NASDAQ:GIII) stock, 8 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $80 while the lowest target price is $52. The mean of all analyst targets is $66.67 with a 45.05% above today’s ($50.92) stock price. G-III Apparel Group was the topic of 12 analyst reports since August 4, 2015 according to the firm StockzIntelligence Inc. Telsey Advisory Group maintained shares on November 25 with “Market Perform” rating. Brean Capital upgraded shares to “Buy” rating and $75 target share price in a report from an August 12. Piper Jaffray maintained GIII stock in a recent report from September 3 with “Buy” rating. Finally, Zacks downgraded the stock to “Buy” rating in a report issued on an August 25.

Approximately 253,719 shares of stock traded hands. G-III Apparel Group, Ltd. (NASDAQ:GIII) has declined 53.21% since April 30, 2015 and is downtrending. It has underperformed by 52.92% the S&P500.

G-III Apparel Group, Ltd. designs, manufactures, and markets a range of apparel products. The company has a market cap of $2.32 billion. The Company’s apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as footwear, luggage and women’s handbags, small leather goods and cold weather accessories. It has 18.39 P/E ratio. The Firm operates through three divisions, Licensed Products, Non-Licensed Products, and Retail Operations.

According to Zacks Investment Research, “G-III Apparel Group, Ltd. designs, manufactures, imports & markets an extensive range of leather & non-leather apparel including coats, jackets, pants, skirts & other sportswear items.” Get a free copy of the Zacks research report on G-III Apparel Group, Ltd. (GIII).

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