G-III Apparel Group (NASDAQ:GIII) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of G-III Apparel Group (NASDAQ:GIII) from a hold rating to a strong sell rating in a research note published on Monday morning,Zacks.com reports.

Several other equities analysts have also weighed in on GIII. UBS Group cut 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 report on Monday, June 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $30.00 price target (up previously from $27.00) on shares of G-III Apparel Group in a research report on Tuesday, September 2nd. KeyCorp lifted their price target on shares of G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Barclays lifted their price target on shares of G-III Apparel Group from $18.00 to $21.00 and gave the company an “underweight” rating in a research report on Friday, September 5th. Finally, Wall Street Zen lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 14th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, G-III Apparel Group currently has a consensus rating of “Hold” and an average price target of $29.60.

G-III Apparel Group Stock Performance

Shares of GIII opened at $26.69 on Monday. The firm has a market cap of $1.13 billion, a PE ratio of 6.61 and a beta of 1.49. The firm’s 50 day moving average price is $25.01 and its 200 day moving average price is $25.33. G-III Apparel Group has a twelve month low of $20.33 and a twelve month high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.15. The firm had revenue of $613.27 million for the quarter, compared to analyst estimates of $568.67 million. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS. On average, sell-side analysts anticipate that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Insider Transactions at G-III Apparel Group

In related news, Director Amigo Victor Herrero bought 5,000 shares of the company’s stock in a transaction that occurred on 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 owned 54,746 shares of the company’s stock, valued at $1,201,674.70. The trade was a 10.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.00% of the company’s stock.

Hedge Funds Weigh In On G-III Apparel Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC increased its position in G-III Apparel Group by 193.1% during the second quarter. Squarepoint Ops LLC now owns 261,603 shares of the textile maker’s stock worth $5,860,000 after acquiring an additional 172,352 shares during the period. Nomura Holdings Inc. bought a new position in G-III Apparel Group during the second quarter worth $298,000. Public Sector Pension Investment Board boosted its stake in G-III Apparel Group by 6.0% during the second quarter. Public Sector Pension Investment Board now owns 129,837 shares of the textile maker’s stock worth $2,908,000 after buying an additional 7,340 shares in the last quarter. Headlands Technologies LLC acquired a new stake in G-III Apparel Group during the second quarter worth $109,000. Finally, Tower Research Capital LLC TRC boosted its stake in G-III Apparel Group by 852.9% during the second quarter. Tower Research Capital LLC TRC now owns 12,150 shares of the textile maker’s stock worth $272,000 after buying an additional 10,875 shares in the last quarter. 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.