UPDATE: Barclays Starts G-III Apparel (GIII) at Overweight
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Price: $29.03 +0.28%
Rating Summary:
9 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
9 Buy, 8 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
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(Updated - March 18, 2014 1:34 PM EDT)
Barclays resumed coverage on G-III Apparel (NASDAQ: GIII) with an Overweight rating and a price target of $82.00.
Analyst Joan Payson said, "We expect opportunities for a strong top line growth trajectory in the next several years, including continued organic expansion of the Calvin Klein brand as well as contributions from new licenses and acquisitions. We also expect operating expansion to begin in the mid-term as growing brands and categories begin to build scale, with potential to reach double digit operating margins in the next 3-5 years vs. 7.5% today. We believe the combination could yield long-term earnings growth of over 20%."
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 $75.24 yesterday.
Barclays resumed coverage on G-III Apparel (NASDAQ: GIII) with an Overweight rating and a price target of $82.00.
Analyst Joan Payson said, "We expect opportunities for a strong top line growth trajectory in the next several years, including continued organic expansion of the Calvin Klein brand as well as contributions from new licenses and acquisitions. We also expect operating expansion to begin in the mid-term as growing brands and categories begin to build scale, with potential to reach double digit operating margins in the next 3-5 years vs. 7.5% today. We believe the combination could yield long-term earnings growth of over 20%."
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 $75.24 yesterday.
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