G-III Apparel (GIII) PT Lifted to $62 at Cowen Post Q3
Get Alerts GIII Hot Sheet
Rating Summary:
9 Buy, 8 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Cowen analyst John Kernan reiterated an Outperform rating and boosted his price target on G-III Apparel (NASDAQ: GIII) to $62.00 (from $60.00) following strong Q3 results despite the weather.
Kernan commented, "GIII beat our, and consensus, Q3 EPS estimates with the high-end of the range of implied Q4 EPS guidance in-line with our, and, consensus estimates. We are increasing our FY17 sales and EPS estimates as we previously overestimated the weather impact on outerwear sales and margin. We are raising our PT to $62 from $60, 19x our FY17E EPS and highlight that GIII now trades at 16x our FY17E EPS."
For an analyst ratings summary and ratings history on G-III Apparel click here. For more ratings news on G-III Apparel click here.
Shares of G-III Apparel closed at $47.39 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- Compass Minerals International (CMP) PT Lowered to $15 at Deutsche Bank
- Equifax (EFX) PT Lowered to $263 at Citi
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Cowen & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!