G-III Apparel Group (NASDAQ:GIII) Given New $34.00 Price Target at BTIG Research

G-III Apparel Group (NASDAQ:GIII) had its target price raised by BTIG Research from $32.00 to $34.00 in a report released on Tuesday morning, MarketBeat Ratings reports. They currently have a buy rating on the textile maker’s stock.

A number of other research analysts have also recently issued reports on GIII. UBS Group reissued a “neutral” rating and issued a $28.00 target price (up from $26.00) on shares of G-III Apparel Group in a research note on Thursday, December 4th. KeyCorp lifted their price objective on G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Barclays boosted their price objective on 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. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Tuesday, October 14th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 price target on shares of G-III Apparel Group in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $30.67.

G-III Apparel Group Stock Performance

Shares of NASDAQ:GIII opened at $30.82 on Tuesday. The company has a 50 day moving average price of $27.92 and a two-hundred day moving average price of $26.03. The company has a market capitalization of $1.30 billion, a PE ratio of 7.63 and a beta of 1.30. G-III Apparel Group has a 52 week low of $20.33 and a 52 week high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.60 by $0.30. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The company had revenue of $988.65 million during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the previous year, the business earned $2.59 EPS. The firm’s revenue was down 9.3% on a year-over-year basis. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. On average, sell-side analysts forecast that G-III Apparel Group will post 4.16 earnings per share for the current year.

G-III Apparel Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th.

Hedge Funds Weigh In On G-III Apparel Group

A number of large investors have recently bought and sold shares of the company. Byrne Asset Management LLC bought a new position in shares of G-III Apparel Group during the 2nd quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings in G-III Apparel Group by 105.2% during the third 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. Caitong International Asset Management Co. Ltd boosted its holdings in G-III Apparel Group by 5,154.5% during 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 during the last quarter. Federated Hermes Inc. bought a new position in G-III Apparel Group in the third quarter valued at $40,000. Finally, Raymond James Financial Inc. acquired a new stake in G-III Apparel Group in the 2nd quarter valued at $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. 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.