G-III Apparel Group (NASDAQ:GIII) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.92 and traded as high as $35.27. G-III Apparel Group shares last traded at $34.48, with a volume of 516,218 shares trading hands.

Wall Street Analyst Weigh In

GIII has been the topic of a number of recent research reports. Zacks Research lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. KeyCorp reiterated an “overweight” rating and set a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Wall Street Zen raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. BTIG Research raised 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, Telsey Advisory Group restated a “market perform” rating and set a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, G-III Apparel Group presently has an average rating of “Hold” and a consensus price target of $33.00.

G-III Apparel Group Stock Down 3.6%

The company has a 50 day moving average of $33.41 and a 200 day moving average of $30.92. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.18 and a beta of 1.28.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Friday, June 5th. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The firm had revenue of $535.96 million for the quarter, compared to analyst estimates of $529.07 million. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period last year, the company earned $0.19 EPS. 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, research analysts forecast that G-III Apparel Group, LTD. will post 2.24 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 22nd were given a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. G-III Apparel Group’s dividend payout ratio (DPR) is currently 14.13%.

Institutional Investors Weigh In On G-III Apparel Group

A number of institutional investors have recently bought and sold shares of GIII. Dimensional Fund Advisors LP increased its position in G-III Apparel Group by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,936,957 shares of the textile maker’s stock worth $78,153,000 after purchasing an additional 15,500 shares during the last quarter. Norges Bank acquired a new position in shares of G-III Apparel Group in the 4th quarter valued at $36,200,000. LSV Asset Management boosted its holdings in shares of G-III Apparel Group by 8.1% in the 4th quarter. LSV Asset Management now owns 1,237,469 shares of the textile maker’s stock valued at $35,837,000 after purchasing an additional 93,236 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of G-III Apparel Group by 30.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock valued at $28,054,000 after buying an additional 247,245 shares during the period. Finally, AQR Capital Management LLC grew its stake in shares of G-III Apparel Group by 19.5% during the 4th quarter. AQR Capital Management LLC now owns 772,319 shares of the textile maker’s stock valued at $22,366,000 after buying an additional 125,942 shares during the period. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

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.