G-III Apparel Group (NASDAQ:GIII) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.16 and traded as high as $30.87. G-III Apparel Group shares last traded at $30.68, with a volume of 301,929 shares.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. 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. Telsey Advisory Group set a $34.00 price objective on shares of G-III Apparel Group in a research note on Wednesday, December 10th. UBS Group set a $32.00 target price on shares of G-III Apparel Group and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. KeyCorp restated an “overweight” rating and issued a $35.00 target price (up previously from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $31.20.

G-III Apparel Group Trading Up 3.1%

The firm has a market cap of $1.29 billion, a P/E ratio of 9.21 and a beta of 1.28. The business’s 50-day moving average is $29.58 and its two-hundred day moving average is $27.16.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.29. The company had revenue of $988.65 million during the quarter, compared to the consensus estimate of $1.01 billion. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.G-III Apparel Group’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.59 earnings per share. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. On average, analysts anticipate that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

G-III Apparel Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 15th were given a dividend of $0.10 per share. The ex-dividend date was Monday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. G-III Apparel Group’s dividend payout ratio is currently 12.01%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Medina Value Partners LLC boosted its position 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. Norges Bank acquired a new position in G-III Apparel Group during the 2nd quarter worth $10,366,000. Cerity Partners LLC bought a new position in shares of G-III Apparel Group in the second quarter worth $9,313,000. Hound Partners LLC increased its holdings in shares of G-III Apparel Group by 280.0% during the third quarter. Hound Partners LLC now owns 478,909 shares of the textile maker’s stock valued at $12,744,000 after purchasing an additional 352,869 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of G-III Apparel Group during the second quarter valued at about $7,546,000. Institutional investors own 92.13% of the company’s stock.

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.