G-III Apparel Group, LTD. (NASDAQ:GIII) Receives Average Recommendation of “Moderate Buy” from Analysts

G-III Apparel Group, LTD. (NASDAQ:GIII) has been given an average rating of “Moderate Buy” by the seven research firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $33.00.

A number of equities analysts have issued reports on GIII shares. Zacks Research upgraded G-III Apparel Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 15th. Wall Street Zen raised G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Telsey Advisory Group restated a “market perform” rating and issued a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a report on Monday, June 8th. KeyCorp reaffirmed an “overweight” rating and set a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, BTIG Research upped their price target on G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, June 5th.

Institutional Trading of G-III Apparel Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Norges Bank bought a new position in shares of G-III Apparel Group during the fourth quarter valued at about $36,200,000. Medina Value Partners LLC grew its position in G-III Apparel Group by 1,099.7% in the 3rd quarter. Medina Value Partners LLC now owns 682,090 shares of the textile maker’s stock worth $18,150,000 after purchasing an additional 625,237 shares in the last quarter. Hound Partners LLC grew its position in G-III Apparel Group by 280.0% in the 3rd quarter. Hound Partners LLC now owns 478,909 shares of the textile maker’s stock worth $12,744,000 after purchasing an additional 352,869 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in G-III Apparel Group in the 2nd quarter valued at about $7,546,000. Finally, Barclays PLC increased its stake in G-III Apparel Group by 54.0% in the 4th quarter. Barclays PLC now owns 717,607 shares of the textile maker’s stock valued at $20,782,000 after buying an additional 251,502 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

G-III Apparel Group stock opened at $33.50 on Tuesday. G-III Apparel Group has a 1-year low of $22.83 and a 1-year high of $36.53. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.84 and a beta of 1.28. The firm’s fifty day moving average price is $32.34 and its two-hundred day moving average price is $30.49.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The firm had revenue of $535.96 million during the quarter, compared to analysts’ expectations of $529.07 million. During the same period last year, the company earned $0.19 earnings per share. The business’s revenue was down 8.2% on a year-over-year basis. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. On average, research analysts forecast that G-III Apparel Group will post 2.24 EPS for the current year.

G-III Apparel Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 22nd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, June 22nd. G-III Apparel Group’s payout ratio is currently 14.13%.

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.