G-III Apparel Group, LTD. (NASDAQ:GIII) Given Average Recommendation of “Hold” by Brokerages

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $31.20.

A number of analysts recently commented on the stock. Telsey Advisory Group set a $34.00 price objective on shares of G-III Apparel Group in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. BTIG Research boosted their target price on G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, UBS Group set a $32.00 price objective on shares of G-III Apparel Group and gave the stock a “neutral” rating in a research report on Wednesday, December 10th.

Hedge Funds Weigh In On G-III Apparel Group

Hedge funds have recently bought and sold shares of the stock. Pictet Asset Management Holding SA purchased a new stake in shares of G-III Apparel Group in the fourth quarter valued at $205,000. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in G-III Apparel Group by 1.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 168,953 shares of the textile maker’s stock valued at $4,900,000 after purchasing an additional 1,935 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in shares of G-III Apparel Group during the 4th quarter worth about $215,000. CWM LLC grew its holdings in shares of G-III Apparel Group by 9.7% during the fourth quarter. CWM LLC now owns 34,279 shares of the textile maker’s stock worth $993,000 after buying an additional 3,038 shares in the last quarter. Finally, Phocas Financial Corp. raised its position in shares of G-III Apparel Group by 77.2% in the fourth quarter. Phocas Financial Corp. now owns 244,406 shares of the textile maker’s stock valued at $7,078,000 after buying an additional 106,497 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Price Performance

GIII opened at $29.35 on Friday. G-III Apparel Group has a 12 month low of $20.33 and a 12 month high of $34.83. The stock has a market capitalization of $1.24 billion, a P/E ratio of 8.81 and a beta of 1.28. The business has a 50 day simple moving average of $29.86 and a 200-day simple moving average of $27.58.

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

G-III Apparel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, December 15th. G-III Apparel Group’s payout ratio is currently 12.01%.

About G-III Apparel Group

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.