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Standpoint Research upgraded G-III Apparel (NASDAQ:GIII) from Hold to Buy in a statement released earlier today.

Just yesterday G-III Apparel (NASDAQ:GIII) traded 1.54% higher at $29.19. The company’s 50-day moving average is $34.21 and its 200-day moving average is $41.58. The last stock close price is down -28.72% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same period. Volume of trade was down over the average, with 588,249 shares of GIII changing hands under the typical 854,011

Standpoint Research has upgraded G-III Apparel (NASDAQ:GIII) from Hold to Buy in a report released on 10/04/2016.

Previously on 9/29/2016, CLSA released a statement on G-III Apparel (NASDAQ:GIII) increased the target price from $0.00 to $34.00. At the time, this indicated a possible upside of 0.19%.

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G-III Apparel has a one year low of $28.26 and a one year high of $69.26 with a P/E ratio of 14.41 GIII’s total market value is presently $0.

A total of 7 brokers have issued a research note on the company. 2 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 1 broker rating the stock a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $53.43.

General Company Details For G-III Apparel (NASDAQ:GIII)

G-III Apparel Group, Ltd. (G-III) designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations, which consists of its licensed products and non-licensed products, and includes sales of products under brands licensed by the Company from third parties, as well as sales of products under its own brands and private label brands, and retail operations, which consists of the Wilsons Leather and G.H. Bass stores, as well as a limited number of Calvin Klein Performance stores. Its apparel products include outerwear, dresses, sportswear and swimwear, as well as women's handbags, footwear and luggage. It sells products under its own brands, including Vilebrequin, G.H. Bass, Bass, Andrew Marc and Marc New York; licensed brands, and private retail labels. Its products are sold through retailers, such as Macy's, Bloomingdale's, Nordstrom, Lord & Taylor, Dillard's, The Bon-Ton Stores, Saks Fifth Avenue and JC Penney.

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