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

G-III Apparel Group, LTD. (NASDAQ:GIII) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $33.00.

GIII has been the subject of several analyst reports. Zacks Research cut shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. BTIG Research increased their target price on shares of 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. Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. KeyCorp reiterated an “overweight” rating and issued a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $38.00 price target (up from $29.00) on shares of G-III Apparel Group in a research note on Monday, June 8th.

G-III Apparel Group Stock Performance

GIII opened at $34.95 on Friday. G-III Apparel Group has a fifty-two week low of $23.01 and a fifty-two week high of $36.53. The company has a market capitalization of $1.47 billion, a P/E ratio of 12.35 and a beta of 1.28. The stock has a fifty day moving average of $33.54 and a 200-day moving average of $30.95.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results 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. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The company had revenue of $535.96 million during the quarter, compared to analysts’ expectations of $529.07 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. G-III Apparel Group’s quarterly revenue was down 8.2% on a year-over-year basis. 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. On average, equities research analysts predict that G-III Apparel Group will post 2.24 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 22nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.40 annualized dividend and a yield of 1.1%. G-III Apparel Group’s payout ratio is currently 14.13%.

Institutional Trading of G-III Apparel Group

Several large investors have recently modified their holdings of GIII. Empowered Funds LLC increased its position in shares of G-III Apparel Group by 3.8% in the first quarter. Empowered Funds LLC now owns 286,375 shares of the textile maker’s stock worth $7,933,000 after purchasing an additional 10,411 shares during the period. Segall Bryant & Hamill LLC bought a new stake in G-III Apparel Group during the first quarter worth about $932,000. Edgestream Partners L.P. bought a new stake in G-III Apparel Group during the first quarter worth about $5,756,000. Quantinno Capital Management LP grew its stake in G-III Apparel Group by 16.8% during the first quarter. Quantinno Capital Management LP now owns 16,690 shares of the textile maker’s stock worth $462,000 after buying an additional 2,399 shares in the last quarter. Finally, Hound Partners LLC increased its holdings in G-III Apparel Group by 3.4% in the 1st quarter. Hound Partners LLC now owns 115,853 shares of the textile maker’s stock valued at $3,209,000 after buying an additional 3,849 shares during the period. 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.