Stifel Nicolaus Keeps Their Hold Rating on G-III Apparel Group

By Carrie Williams

In a report issued on May 22, Jim Duffy from Stifel Nicolaus reiterated a Hold rating on G-III Apparel Group (NASDAQ: GIII), with a price target of $20. The company’s shares closed yesterday at $20.37, close to its 52-week low of $18.

According to TipRanks.com, Duffy is a 3-star analyst with an average return of 3.6% and a 52.1% success rate. Duffy covers the Consumer Goods sector, focusing on stocks such as Wolverine World Wide, Columbia Sportswear, and Fox Factory Holding.

G-III Apparel Group has an analyst consensus of Hold, with a price target consensus of $19.50.

The company has a one year high of $51.81 and a one year low of $18. Currently, G-III Apparel Group has an average volume of 942.5K.

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G-III Apparel Group Ltd. manufactures and distributes outerwear and sportswear. It operates through the Wholesale Operations and Retail Operations business segments. 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. The company was founded by Aron Goldfarb in 1974 and is headquartered in New York, NY.