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

G-III Apparel Group, LTD. (NASDAQ:GIII) has been given an average rating of “Hold” by the seven ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $29.00.

A number of equities research analysts recently issued reports on the company. BTIG Research reissued a “buy” rating and issued a $34.00 target price on shares of G-III Apparel Group in a research report on Wednesday, March 18th. UBS Group dropped 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, March 17th. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 price target (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th.

G-III Apparel Group Stock Performance

Shares of G-III Apparel Group stock opened at $32.04 on Friday. The business’s 50 day simple moving average is $30.13 and its 200 day simple moving average is $29.77. G-III Apparel Group has a 52-week low of $20.33 and a 52-week high of $34.83. The firm has a market cap of $1.35 billion, a PE ratio of 21.36 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The firm had revenue of $771.49 million during the quarter, compared to analyst estimates of $791.98 million. During the same period in the prior year, the business posted $1.27 EPS. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. 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. As a group, equities research analysts predict that G-III Apparel Group will post 2.07 EPS for the current year.

G-III Apparel Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 22nd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. G-III Apparel Group’s payout ratio is 26.67%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of G-III Apparel Group by 107.7% during the 4th quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock worth $27,000 after purchasing an additional 488 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of G-III Apparel Group by 105.2% during 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 last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of G-III Apparel Group during the 4th quarter worth approximately $34,000. Federated Hermes Inc. acquired a new position in shares of G-III Apparel Group during the 3rd quarter worth approximately $40,000. Finally, Raymond James Financial Inc. acquired a new position in shares of G-III Apparel Group during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

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.