G-III Apparel Group (GIII) Initiated with a Hold at Wells Fargo

G-III Apparel Group (GIIIResearch Report) received a Hold rating and a $20.00 price target from Wells Fargo analyst Ike Boruchow today. The company’s shares closed last Friday at $20.79, close to its 52-week low of $19.38.

According to TipRanks.com, Boruchow has 0 stars on 0-5 stars ranking scale with an average return of -5.0% and a 38.8% success rate. Boruchow covers the Consumer Goods sector, focusing on stocks such as aka Brands Holding Corp, Canada Goose Holdings, and Lululemon Athletica.

Currently, the analyst consensus on G-III Apparel Group is a Moderate Buy with an average price target of $31.00.

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G-III Apparel Group’s market cap is currently $1B and has a P/E ratio of 5.01.

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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.

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