G-III Apparel Group (NASDAQ:GIII) Stock Price Expected to Rise, BTIG Research Analyst Says

G-III Apparel Group (NASDAQ:GIII) had its price target boosted by analysts at BTIG Research from $32.00 to $34.00 in a report issued on Tuesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the textile maker’s stock. BTIG Research’s price target would indicate a potential upside of 7.94% from the stock’s previous close.

A number of other research firms have also commented on GIII. KeyCorp upped their price target on G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Tuesday, October 14th. Barclays lifted their price target on shares of G-III Apparel Group from $18.00 to $21.00 and gave the company an “underweight” rating in a report on Friday, September 5th. Zacks Research raised shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 target price on shares of G-III Apparel Group in a research report on Tuesday. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.20.

G-III Apparel Group Stock Performance

Shares of GIII stock opened at $31.50 on Tuesday. The company has a market capitalization of $1.33 billion, a P/E ratio of 9.46 and a beta of 1.30. G-III Apparel Group has a fifty-two week low of $20.33 and a fifty-two week high of $36.18. The stock has a 50 day moving average price of $28.01 and a two-hundred day moving average price of $26.07.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.30. The business had revenue of $988.65 million during the quarter, compared to analysts’ expectations of $1.01 billion. G-III Apparel Group had a net margin of 4.89% and a return on equity of 9.51%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.59 EPS. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. As a group, equities analysts predict that G-III Apparel Group will post 4.16 earnings per share for the current year.

Institutional Investors Weigh In On G-III Apparel Group

Hedge funds have recently bought and sold shares of the stock. Medina Value Partners LLC increased its stake in shares of G-III Apparel Group by 1,099.7% during the third quarter. Medina Value Partners LLC now owns 682,090 shares of the textile maker’s stock worth $18,150,000 after buying an additional 625,237 shares during the period. Millennium Management LLC raised its stake in G-III Apparel Group by 139.3% in the first quarter. Millennium Management LLC now owns 953,185 shares of the textile maker’s stock valued at $26,070,000 after buying an additional 554,933 shares in the last quarter. Norges Bank purchased a new stake in G-III Apparel Group during the 2nd quarter worth about $10,366,000. Nuveen LLC acquired a new position in shares of G-III Apparel Group during the 1st quarter worth about $11,614,000. Finally, Cerity Partners LLC purchased a new position in shares of G-III Apparel Group in the 2nd quarter valued at about $9,313,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.