G-III Apparel Group, LTD. (NASDAQ:GIII) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have been assigned a consensus recommendation of “Moderate Buy” from the seven brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $33.00.

GIII has been the topic of a number of research analyst reports. UBS Group reduced their target price on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, March 17th. Wall Street Zen upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. BTIG Research upped 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. Finally, Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th.

Institutional Investors Weigh In On G-III Apparel Group

Institutional investors have recently modified their holdings of the stock. Empowered Funds LLC increased its holdings in shares of G-III Apparel Group by 3.8% during the first quarter. Empowered Funds LLC now owns 286,375 shares of the textile maker’s stock valued at $7,933,000 after acquiring an additional 10,411 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in G-III Apparel Group in the 1st quarter worth about $932,000. Edgestream Partners L.P. bought a new position in G-III Apparel Group in the 1st quarter worth about $5,756,000. Quantinno Capital Management LP grew its position in G-III Apparel Group by 16.8% during the 1st quarter. Quantinno Capital Management LP now owns 16,690 shares of the textile maker’s stock valued at $462,000 after purchasing an additional 2,399 shares during the last quarter. Finally, Hound Partners LLC grew its position in G-III Apparel Group by 3.4% during the 1st quarter. Hound Partners LLC now owns 115,853 shares of the textile maker’s stock valued at $3,209,000 after purchasing an additional 3,849 shares during the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

G-III Apparel Group Trading Down 3.3%

Shares of G-III Apparel Group stock opened at $32.92 on Tuesday. The company’s fifty day simple moving average is $32.15 and its two-hundred day simple moving average is $30.42. The company has a market cap of $1.39 billion, a P/E ratio of 11.63 and a beta of 1.29. G-III Apparel Group has a 12-month low of $22.26 and a 12-month high of $36.53.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Friday, June 5th. The textile maker reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The firm had revenue of $535.96 million for the quarter, compared to the consensus estimate of $529.07 million. During the same quarter in the prior year, the business earned $0.19 EPS. The business’s revenue for the quarter 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. Analysts predict that G-III Apparel Group will post 2.23 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. G-III Apparel Group’s payout ratio is presently 14.13%.

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.