Telsey Advisory Group Reaffirms “Market Perform” Rating for G-III Apparel Group (NASDAQ:GIII)

G-III Apparel Group (NASDAQ:GIII)‘s stock had its “market perform” rating reiterated by equities researchers at Telsey Advisory Group in a report issued on Tuesday, Marketbeat.com reports. They currently have a $30.00 price target on the textile maker’s stock. Telsey Advisory Group’s target price would suggest a potential downside of 4.76% from the stock’s previous close.

Several other analysts also recently weighed in on GIII. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. BTIG Research began coverage on shares of G-III Apparel Group in a report on Tuesday, October 14th. They issued a “buy” rating and a $32.00 price objective for the company. KeyCorp increased their target price on shares of 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. Barclays raised their target price on shares of G-III Apparel Group from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Tuesday, October 14th. Two equities research 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.com, G-III Apparel Group currently has a consensus rating of “Hold” and a consensus price target of $31.20.

G-III Apparel Group Stock Up 2.2%

Shares of NASDAQ:GIII opened at $31.50 on Tuesday. The company has a market cap of $1.33 billion, a PE ratio of 9.46 and a beta of 1.30. The company’s 50-day moving average price is $28.01 and its 200 day moving average price is $26.07. G-III Apparel Group has a fifty-two week low of $20.33 and a fifty-two week high of $36.18.

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

Institutional Trading of G-III Apparel Group

Several institutional investors have recently modified their holdings of the company. Byrne Asset Management LLC bought a new stake in shares of G-III Apparel Group in the 2nd quarter valued at approximately $28,000. EverSource Wealth Advisors LLC raised its stake in shares of G-III Apparel Group by 105.2% in the third quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 591 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of G-III Apparel Group by 5,154.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock worth $32,000 after acquiring an additional 1,134 shares in the last quarter. Federated Hermes Inc. bought a new stake in G-III Apparel Group during the 3rd quarter worth approximately $40,000. Finally, Raymond James Financial Inc. bought a new stake in G-III Apparel Group during the 2nd quarter worth approximately $41,000. 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.