G-III Apparel Group, LTD. (NASDAQ:GIII) Receives $33.00 Average PT from Analysts

G-III Apparel Group, LTD. (NASDAQ:GIII) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $33.00.

Several equities analysts have recently commented on GIII shares. 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. KeyCorp reiterated an “overweight” rating and issued a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. BTIG Research boosted their target price on G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Zacks Research cut G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $38.00 price target (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th.

G-III Apparel Group Stock Performance

NASDAQ GIII opened at $33.78 on Wednesday. The stock has a fifty day simple moving average of $34.67 and a 200-day simple moving average of $31.75. The stock has a market cap of $1.43 billion, a PE ratio of 11.94 and a beta of 1.28. G-III Apparel Group has a twelve month low of $24.61 and a twelve month high of $37.54.

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 the consensus estimate of ($0.30) by $0.09. The firm had revenue of $535.96 million for the quarter, compared to analyst estimates of $529.07 million. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. G-III Apparel Group’s revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.19 EPS. 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. Research analysts predict 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 Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 15th. G-III Apparel Group’s payout ratio is currently 14.13%.

Hedge Funds Weigh In On G-III Apparel Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nykredit A S acquired a new position in G-III Apparel Group in the 2nd quarter valued at about $33,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in G-III Apparel Group by 8.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 79,560 shares of the textile maker’s stock worth $2,682,000 after purchasing an additional 6,325 shares during the period. Empowered Funds LLC acquired a new stake in shares of G-III Apparel Group during the second quarter worth about $7,094,000. Public Employees Retirement System of Ohio acquired a new stake in shares of G-III Apparel Group during the second quarter worth about $86,000. Finally, Bank of America Corp DE purchased a new position in shares of G-III Apparel Group in the second quarter valued at approximately $14,963,000. 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.