Wells Fargo analyst Ike Boruchow maintained a Sell rating on G-III Apparel Group (GIII – Research Report) yesterday and set a price target of $23.00. The company’s shares closed yesterday at $29.06.
According to TipRanks, Boruchow is an analyst with an average return of -4.1% and a 42.07% success rate. Boruchow covers the Consumer Cyclical sector, focusing on stocks such as Tapestry, Nike, and Gap.
The word on The Street in general, suggests a Hold analyst consensus rating for G-III Apparel Group with a $26.50 average price target.
Based on G-III Apparel Group’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $764.78 million and a net profit of $28.85 million. In comparison, last year the company earned a revenue of $854.43 million and had a GAAP net loss of $261.12 million
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G-III Apparel Group (GIII) Company Description:
G-III Apparel Group Ltd. engages in the designs, sourcing, and marketing women’s apparel. It operates through the: Wholesale Operations and Retail Operations segments. The Wholesale Operations segment includes sales of products under brands licensed from third parties and sales of products under its own brands and private label brands, as well as sales related to the Vilebrequin business. The Retail Operations segment consists of direct sales to consumers through company-operated stores and product sales through its owned websites for the DKNY, Donna Karan, Wilsons Leather, G.H. Bass, and Karl Lagerfeld Paris businesses. Its products include outerwear, dresses, sportswear, swimwear, suits, performance wear, handbags, footwear, small leather goods, cold weather accessories, and luggage. The company was founded by Aron Goldfarb in 1974 and is headquartered in New York, NY.
Read More on GIII:
- G-III Apparel’s Strategic Executive Compensation and Growth Plan
- Alan Feller to Exit Board of G-III Apparel Group
- Authentic Brands agrees to buy Champion from Hanesbrands, WWD reports
- G-III Apparel price target lowered to $31 from $34 at UBS
- G-III Apparel management to meet virtually with Telsey Advisory
