G-III Apparel Group (NASDAQ:GIII) Receives “Market Perform” Rating from Telsey Advisory Group

Telsey Advisory Group restated their market perform rating on shares of G-III Apparel Group (NASDAQ:GIII) in a research note released on Tuesday,Benzinga reports. They currently have a $27.00 price target on the textile maker’s stock.

GIII has been the topic of several other research reports. Barclays reduced their price objective on shares of G-III Apparel Group from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Monday, June 9th. Wall Street Zen lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 14th. UBS Group reduced their price objective on shares of G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, June 9th. Finally, KeyCorp reduced their price objective on shares of G-III Apparel Group from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.80.

G-III Apparel Group Price Performance

Shares of NASDAQ:GIII opened at $27.03 on Tuesday. G-III Apparel Group has a one year low of $20.33 and a one year high of $36.18. The company has a 50 day moving average of $24.49 and a 200-day moving average of $25.39. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 6.26 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Friday, June 6th. The textile maker reported $0.19 EPS for the quarter, topping the consensus estimate of $0.13 by $0.06. G-III Apparel Group had a net margin of 6.20% and a return on equity of 12.65%. The company had revenue of $583.61 million during the quarter, compared to analysts’ expectations of $579.48 million. During the same quarter in the previous year, the company earned $0.12 EPS. G-III Apparel Group’s revenue was down 4.3% on a year-over-year basis. G-III Apparel Group has set its Q2 2026 guidance at 0.020-0.120 EPS. FY 2026 guidance at EPS. Equities research analysts anticipate that G-III Apparel Group will post 4.16 earnings per share for the current year.

Insider Activity at G-III Apparel Group

In other G-III Apparel Group news, Director Amigo Victor Herrero acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, June 24th. The shares were acquired at an average price of $21.95 per share, with a total value of $109,750.00. Following the completion of the transaction, the director directly owned 54,746 shares in the company, valued at $1,201,674.70. This trade represents a 10.05% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.00% of the stock is currently owned by corporate insiders.

Institutional Trading of G-III Apparel Group

A number of institutional investors have recently made changes to their positions in GIII. Byrne Asset Management LLC bought a new stake in shares of G-III Apparel Group in the second quarter worth $28,000. Caitong International Asset Management Co. Ltd lifted its position in shares of G-III Apparel Group by 5,154.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock worth $32,000 after purchasing an additional 1,134 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of G-III Apparel Group in the second quarter worth $41,000. Traub Capital Management LLC bought a new stake in shares of G-III Apparel Group in the second quarter worth $67,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of G-III Apparel Group in the fourth quarter worth $68,000. Institutional investors own 92.13% of the company’s stock.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.