G-III Apparel Group (NASDAQ:GIII) Shares Down 4.1% – What’s Next?

G-III Apparel Group, LTD. (NASDAQ:GIII) traded down 4.1% on Friday . The company traded as low as $30.20 and last traded at $30.3050. 172,066 shares were traded during mid-day trading, a decline of 70% from the average session volume of 579,814 shares. The stock had previously closed at $31.59.

Wall Street Analyst Weigh In

GIII has been the subject of a number of recent analyst reports. KeyCorp restated an “overweight” rating and issued a $35.00 price objective (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Zacks Research raised shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Telsey Advisory Group set a $34.00 price target on shares of G-III Apparel Group in a report on Wednesday, December 10th. UBS Group set a $32.00 price objective on shares of G-III Apparel Group and gave the company a “neutral” rating in a report on Wednesday, December 10th. Finally, BTIG Research lifted their target price on shares of G-III Apparel Group from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, G-III Apparel Group currently has a consensus rating of “Hold” and an average price target of $31.20.

G-III Apparel Group Trading Down 4.6%

The business has a fifty day simple moving average of $28.57 and a two-hundred day simple moving average of $26.22. The company has a market cap of $1.27 billion, a PE ratio of 9.05 and a beta of 1.30.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.29. The business had revenue of $988.65 million during the quarter, compared to analyst estimates of $1.01 billion. G-III Apparel Group had a net margin of 4.89% and a return on equity of 9.37%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.59 earnings per share. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Equities analysts expect that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

G-III Apparel Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th. G-III Apparel Group’s dividend payout ratio (DPR) is 12.01%.

Institutional Investors Weigh In On G-III Apparel Group

A number of large investors have recently made changes to their positions in GIII. Nuveen LLC acquired a new stake in shares of G-III Apparel Group during the 1st quarter worth about $11,614,000. Intech Investment Management LLC boosted its stake in G-III Apparel Group by 6.1% during the second quarter. Intech Investment Management LLC now owns 48,866 shares of the textile maker’s stock worth $1,095,000 after buying an additional 2,790 shares during the period. Exchange Traded Concepts LLC increased its position in shares of G-III Apparel Group by 7.6% during the second quarter. Exchange Traded Concepts LLC now owns 53,112 shares of the textile maker’s stock valued at $1,190,000 after acquiring an additional 3,755 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of G-III Apparel Group in the 2nd quarter valued at approximately $486,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of G-III Apparel Group by 431.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 60,558 shares of the textile maker’s stock worth $1,356,000 after acquiring an additional 49,159 shares during the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women’s and men’s apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies’ apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company’s product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.