BTIG Research Reiterates “Buy” Rating for G-III Apparel Group (NASDAQ:GIII)

G-III Apparel Group (NASDAQ:GIII)‘s stock had its “buy” rating reiterated by equities research analysts at BTIG Research in a note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a $34.00 price target on the textile maker’s stock. BTIG Research’s target price suggests a potential upside of 25.69% from the company’s current price.

Other analysts have also recently issued reports about the company. Telsey Advisory Group restated a “market perform” rating and issued a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. UBS Group decreased their target price on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday. KeyCorp reissued an “overweight” rating and issued a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, G-III Apparel Group currently has a consensus rating of “Hold” and a consensus price target of $29.00.

G-III Apparel Group Stock Up 3.8%

NASDAQ:GIII opened at $27.05 on Wednesday. G-III Apparel Group has a 52 week low of $20.33 and a 52 week high of $34.83. The stock has a market capitalization of $1.14 billion, a PE ratio of 18.03 and a beta of 1.29. The stock’s 50-day moving average price is $29.59 and its 200-day moving average price is $28.73.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.29). The business had revenue of $771.49 million during the quarter, compared to analysts’ expectations of $791.98 million. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.73%. G-III Apparel Group’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.27 EPS. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. Sell-side analysts expect that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Institutional Trading of G-III Apparel Group

A number of institutional investors have recently made changes to their positions in GIII. Dimensional Fund Advisors LP increased its position in shares of G-III Apparel Group by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,936,957 shares of the textile maker’s stock worth $78,153,000 after purchasing an additional 15,500 shares in the last quarter. American Century Companies Inc. lifted its holdings in G-III Apparel Group by 3.4% in the 3rd quarter. American Century Companies Inc. now owns 1,730,216 shares of the textile maker’s stock valued at $46,041,000 after purchasing an additional 57,440 shares in the last quarter. Norges Bank acquired a new stake in G-III Apparel Group during the 4th quarter worth $36,200,000. LSV Asset Management boosted its stake in G-III Apparel Group by 8.1% during the 4th quarter. LSV Asset Management now owns 1,237,469 shares of the textile maker’s stock worth $35,837,000 after purchasing an additional 93,236 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of G-III Apparel Group by 30.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock worth $28,054,000 after buying an additional 247,245 shares in the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

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.