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

G-III Apparel Group, LTD. (NASDAQ:GIII) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $29.00.

Several analysts have weighed in on the stock. BTIG Research reiterated a “buy” rating and issued a $34.00 price objective on shares of G-III Apparel Group in a research note on Wednesday. KeyCorp restated an “overweight” rating and set a $35.00 target price (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. UBS Group dropped their price target on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 price target (down from $34.00) on shares of G-III Apparel Group in a research note on Monday, March 9th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th.

Institutional Investors Weigh In On G-III Apparel Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Intech Investment Management LLC raised its position in shares of G-III Apparel Group by 6.1% in the 2nd quarter. Intech Investment Management LLC now owns 48,866 shares of the textile maker’s stock valued at $1,095,000 after buying an additional 2,790 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in G-III Apparel Group by 62.8% in the third quarter. Exchange Traded Concepts LLC now owns 86,477 shares of the textile maker’s stock valued at $2,301,000 after acquiring an additional 33,365 shares during the last quarter. LSV Asset Management lifted its stake in G-III Apparel Group by 34.7% during the third quarter. LSV Asset Management now owns 1,144,233 shares of the textile maker’s stock worth $30,448,000 after purchasing an additional 294,732 shares during the last quarter. Jupiter Asset Management Ltd. bought a new stake in G-III Apparel Group during the third quarter worth $5,878,000. Finally, Cerity Partners LLC acquired a new stake in shares of G-III Apparel Group in the 2nd quarter valued at $9,313,000. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Price Performance

GIII opened at $26.64 on Friday. The business has a fifty day simple moving average of $29.53 and a 200 day simple moving average of $28.74. The company has a market capitalization of $1.12 billion, a PE ratio of 17.76 and a beta of 1.29. G-III Apparel Group has a 1 year low of $20.33 and a 1 year high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data 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 firm had revenue of $771.49 million for the quarter, compared to the consensus estimate of $791.98 million. G-III Apparel Group had a return on equity of 6.73% and a net margin of 2.28%.The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business 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. Equities analysts anticipate that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, March 23rd. G-III Apparel Group’s dividend payout ratio is 26.67%.

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.