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

G-III Apparel Group (NASDAQ:GIII)‘s stock had its “market perform” rating reiterated by analysts at Telsey Advisory Group in a report issued on Tuesday, Marketbeat reports. They presently have a $34.00 target price on the textile maker’s stock. Telsey Advisory Group’s target price suggests a potential upside of 7.94% from the stock’s previous close.

Several other analysts have also recently commented on GIII. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. UBS Group reissued a “neutral” rating and issued a $28.00 price target (up previously from $26.00) on shares of G-III Apparel Group in a research note on Thursday, December 4th. Barclays lifted their price objective on shares of G-III Apparel Group from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Friday, September 5th. KeyCorp increased their target price 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. Finally, BTIG Research assumed coverage on shares of G-III Apparel Group in a research report on Tuesday, October 14th. They set a “buy” rating and a $32.00 price target on the stock. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $31.20.

G-III Apparel Group Stock Performance

G-III Apparel Group stock opened at $31.50 on Tuesday. The firm has a market capitalization of $1.33 billion, a P/E ratio of 9.46 and a beta of 1.30. The company has a 50-day simple moving average of $28.01 and a 200-day simple moving average of $26.07. G-III Apparel Group has a one year low of $20.33 and a one year high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.30. G-III Apparel Group had a net margin of 4.89% and a return on equity of 9.51%. The firm had revenue of $988.65 million during the quarter, compared to analyst estimates of $1.01 billion. During the same period in the previous year, the business posted $2.59 EPS. G-III Apparel Group’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. As a group, sell-side analysts forecast that G-III Apparel Group will post 4.16 earnings per share for the current year.

Hedge Funds Weigh In On G-III Apparel Group

Hedge funds have recently made changes to their positions in the business. Byrne Asset Management LLC bought a new stake in shares of G-III Apparel Group in the 2nd quarter worth approximately $28,000. EverSource Wealth Advisors LLC grew its position in G-III Apparel Group by 105.2% in the third quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock worth $31,000 after buying an additional 591 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its holdings 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 valued at $32,000 after buying an additional 1,134 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of G-III Apparel Group during the 3rd quarter valued at $40,000. Finally, Raymond James Financial Inc. bought a new stake in shares of G-III Apparel Group during the 2nd quarter worth $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.