G-III Apparel Group, LTD. (NASDAQ:GIII) Stock Rated “Hold” by Wall Street Analysts

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have received a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $34.75.

Several research analysts have recently weighed in on GIII shares. Weiss Ratings cut shares of G-III Apparel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. UBS Group reaffirmed a “neutral” rating and set a $27.00 target price (up from $26.00) on shares of G-III Apparel Group in a research report on Friday, October 2nd. Zacks Research cut G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. BTIG Research reissued a “buy” rating and issued a $40.00 price objective on shares of G-III Apparel Group in a research note on Wednesday, September 2nd. Finally, Telsey Advisory Group dropped their price target on shares of G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, September 3rd.

G-III Apparel Group Trading Down 1.9%

NASDAQ:GIII opened at $31.41 on Monday. G-III Apparel Group has a 1-year low of $24.61 and a 1-year high of $37.54. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 10.33 and a beta of 1.29. The business’s 50-day moving average price is $28.64 and its two-hundred day moving average price is $30.89.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.03. The company 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 5.53%. The firm’s revenue was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS. 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. Sell-side analysts predict that G-III Apparel Group will post 2.25 earnings per share for the current year.

G-III Apparel Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were issued a $0.10 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. G-III Apparel Group’s dividend payout ratio (DPR) is 13.16%.

Insider Activity

In related news, CEO Morris Goldfarb bought 40,000 shares of G-III Apparel Group stock in a transaction dated Monday, September 14th. The stock was acquired at an average cost of $27.94 per share, with a total value of $1,117,600.00. Following the completion of the acquisition, the chief executive officer directly owned 4,527,675 shares in the company, valued at approximately $126,503,239.50. This trade represents a 0.89% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 15.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors and hedge funds have recently made changes to their positions in GIII. BlackRock Inc. purchased a new position in G-III Apparel Group in the 2nd quarter worth about $232,832,000. Bank of America Corp DE acquired a new stake in shares of G-III Apparel Group in the second quarter valued at approximately $14,963,000. Bank of New York Mellon Corp acquired a new position in G-III Apparel Group during the second quarter valued at $9,113,000. Baird Financial Group Inc. grew its holdings in G-III Apparel Group by 8.5% in the 2nd quarter. Baird Financial Group Inc. now owns 266,791 shares of the textile maker’s stock valued at $8,994,000 after buying an additional 20,848 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of G-III Apparel Group by 3.8% in the first quarter. Empowered Funds LLC now owns 286,375 shares of the textile maker’s stock valued at $7,933,000 after purchasing an additional 10,411 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

About G-III Apparel Group

G-III Apparel Group, Ltd. is a global fashion company that designs, sources, and markets apparel, accessories, footwear, handbags, and related products for women, men, and children. Its portfolio includes owned brands such as DKNY, Donna Karan, and Karl Lagerfeld, along with products developed under licensing and strategic brand relationships.

The company distributes its products through department stores, specialty retailers, mass-market retailers, company-operated stores, and e-commerce channels.