G-III Apparel Group (NASDAQ:GIII) Upgraded by Wall Street Zen to “Buy” Rating

G-III Apparel Group (NASDAQ:GIII) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

GIII has been the topic of several other reports. BTIG Research raised their price target on G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Telsey Advisory Group reiterated a “market perform” rating and issued a $38.00 price objective (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. UBS Group dropped their price objective on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Zacks Research upgraded shares of G-III Apparel Group from a “hold” rating to a “strong-buy” rating in a report on Monday, June 15th. Finally, Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.00.

G-III Apparel Group Price Performance

NASDAQ GIII opened at $34.77 on Friday. The company has a 50-day simple moving average of $31.65 and a two-hundred day simple moving average of $30.25. G-III Apparel Group has a 12-month low of $21.12 and a 12-month high of $36.53. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 12.29 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. The firm had revenue of $535.96 million for the quarter, compared to analysts’ expectations of $529.07 million. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.19 earnings per share. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. Equities analysts expect that G-III Apparel Group will post 2.23 earnings per share for the current fiscal year.

Institutional Trading of G-III Apparel Group

Several large investors have recently added to or reduced their stakes in GIII. GAMMA Investing LLC increased its position in G-III Apparel Group by 107.7% during the 4th quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 488 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of G-III Apparel Group by 105.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock worth $31,000 after purchasing an additional 591 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in shares of G-III Apparel Group in the 4th quarter worth about $34,000. Raymond James Financial Inc. purchased a new stake in shares of G-III Apparel Group in the 2nd quarter worth about $41,000. Finally, Parallel Advisors LLC boosted its stake in shares of G-III Apparel Group by 231.9% during the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 1,243 shares in the last quarter. 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.