G-III Apparel Group (NASDAQ:GIII) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of G-III Apparel Group (NASDAQ:GIII) from a hold rating to a buy rating in a research note released on Saturday morning,Wall Street Zen reports.

GIII has been the topic of several other research reports. Zacks Research downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Telsey Advisory Group reduced their price objective on G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating for the company in a research report on Thursday. BTIG Research reiterated a “buy” rating and set a $40.00 price objective on shares of G-III Apparel Group in a report on Wednesday. Weiss Ratings raised G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Finally, KeyCorp restated an “overweight” rating and issued a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

G-III Apparel Group Stock Up 1.9%

G-III Apparel Group stock opened at $27.74 on Friday. The company has a 50 day moving average of $34.13 and a 200-day moving average of $31.83. G-III Apparel Group has a twelve month low of $24.61 and a twelve month high of $37.54. The stock has a market capitalization of $1.17 billion, a PE ratio of 9.13 and a beta of 1.27.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The business had revenue of $554.09 million for the quarter, compared to analyst estimates of $570.37 million. G-III Apparel Group had a net margin of 4.75% and a return on equity of 5.55%. The firm’s quarterly revenue was down 9.7% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. Equities analysts anticipate that G-III Apparel Group will post 2.25 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. G-III Apparel Group’s dividend payout ratio (DPR) is 14.13%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Landscape Capital Management L.L.C. bought a new stake in shares of G-III Apparel Group in the 2nd quarter valued at $1,723,000. AlphaQuest LLC increased its position in G-III Apparel Group by 251.4% in the 4th quarter. AlphaQuest LLC now owns 70,278 shares of the textile maker’s stock valued at $2,035,000 after buying an additional 50,279 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of G-III Apparel Group by 149.8% during the first quarter. SG Americas Securities LLC now owns 52,390 shares of the textile maker’s stock valued at $1,451,000 after acquiring an additional 31,420 shares in the last quarter. BlackRock Inc. acquired a new position in G-III Apparel Group during the second quarter worth $232,832,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of G-III Apparel Group in the 2nd quarter worth about $1,143,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Key G-III Apparel Group News

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: Marc Jacobs provides a major growth opportunity. G-III’s acquisition of the luxury brand expands its owned-brand portfolio, and Marc Jacobs is expected to eventually generate approximately $1 billion in annual revenue. The strategy could improve brand control, margins and long-term growth. G-III Apparel’s Strategic Transformation Gains Steam With Marc Jacobs
• Positive Sentiment: Earnings and profitability showed resilience. Second-quarter EPS exceeded expectations, supported by gross-margin expansion, cost controls and stronger performance from owned brands. The company also raised its earnings outlook, reinforcing the view that the strategic transition is improving underlying profitability. G-III Apparel Q2 Fiscal 2027 EPS Rises
• Positive Sentiment: BTIG reaffirmed its Buy rating and $40 price target, indicating substantial potential upside and confidence in G-III’s brand transformation. BTIG rating update
• Neutral Sentiment: Analyst views remain divided. Coverage highlights attractive owned-brand growth and margin gains, but characterizes the risk-reward profile as balanced while Marc Jacobs integration and execution are tested. G-III Apparel Group: Lots Of Moving Factors
• Negative Sentiment: Revenue remains under pressure. Second-quarter sales declined roughly 10% year over year and missed estimates, while the loss of key PVH licenses and European weakness are weighing on headline results. Q3 guidance was viewed as disappointing. G-III Apparel Mixed Q2 Read-Across
• Negative Sentiment: Execution and cash-flow risks limit enthusiasm. Analysts cited declining cash-flow trends, continued wholesale exposure and uncertainty surrounding Marc Jacobs. Telsey lowered its price target from $38 to $32 and changed its rating to Market Perform. Telsey Advisory Group rating update

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.