Telsey Advisory Group Maintains Market Perform on G-III Apparel Group, Lowers Price Target to $25

Telsey Advisory Group analyst Dana Telsey maintains G-III Apparel Group (NASDAQ:GIII) with a Market Perform and lowers the price target from $32 to $25.

Telsey Advisory Group analyst Dana Telsey maintains G-III Apparel Group (NASDAQ:GIII) with a Market Perform and lowers the price target from $32 to $25.

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The company reported quarterly adjusted earnings of 75 cents per share which beat the analyst consensus estimate of 62 cents and represents a 167.86% increase from the same period last year. Quarterly sales clocked in at $2.96 billion which beat the analyst consensus estimate of $2.94 billion and is a 39.58% increase over sales of $2.12 billion from the same quarter last year.

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