Telsey Advisory Group Cuts G-III Apparel Group (NASDAQ:GIII) Price Target to $32.00

G-III Apparel Group (NASDAQ:GIII) had its target price reduced by Telsey Advisory Group from $38.00 to $32.00 in a research report report published on Thursday, MarketBeat.com reports. Telsey Advisory Group currently has a market perform rating on the textile maker’s stock.

GIII has been the subject of several other reports. Zacks Research downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. KeyCorp reiterated an “overweight” rating and set a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Wall Street Zen cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. BTIG Research raised their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Finally, Weiss Ratings upgraded shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, 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%

NASDAQ:GIII opened at $27.74 on Thursday. The stock’s fifty day moving average is $34.13 and its two-hundred day moving average is $31.83. G-III Apparel Group has a 52 week low of $24.61 and a 52 week high of $37.54. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 9.13 and a beta of 1.27.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a return on equity of 5.55% and a net margin of 4.75%.The business had revenue of $554.09 million during the quarter, compared to analyst estimates of $570.37 million. During the same period last year, the business posted $0.25 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. 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. On average, sell-side analysts expect that G-III Apparel Group will post 2.25 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

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

Institutional Investors Weigh In On G-III Apparel Group

Large investors have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. purchased a new stake in shares of G-III Apparel Group during the second quarter worth approximately $1,723,000. AlphaQuest LLC lifted its stake in G-III Apparel Group by 251.4% in the fourth quarter. AlphaQuest LLC now owns 70,278 shares of the textile maker’s stock worth $2,035,000 after acquiring an additional 50,279 shares during the last quarter. SG Americas Securities LLC lifted its stake in G-III Apparel Group by 149.8% in the first quarter. SG Americas Securities LLC now owns 52,390 shares of the textile maker’s stock worth $1,451,000 after acquiring an additional 31,420 shares during the last quarter. BlackRock Inc. acquired a new position in G-III Apparel Group during the 2nd quarter worth approximately $232,832,000. Finally, GSA Capital Partners LLP acquired a new position in G-III Apparel Group during the 2nd quarter worth approximately $1,143,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

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

About G-III Apparel Group

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.