G-III Apparel Group (NASDAQ:GIII) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

G-III Apparel Group, LTD. (NASDAQ:GIII) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $27.97 and traded as high as $30.66. G-III Apparel Group shares last traded at $30.20, with a volume of 327,598 shares traded.

Analyst Upgrades and Downgrades

GIII has been the topic of a number of research reports. UBS Group set a $32.00 target price on shares of G-III Apparel Group and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. BTIG Research increased their target price on G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Telsey Advisory Group set a $34.00 target price on G-III Apparel Group in a research note on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.20.

G-III Apparel Group Trading Up 0.6%

The firm has a market capitalization of $1.27 billion, a PE ratio of 9.07 and a beta of 1.31. The firm has a 50 day simple moving average of $30.00 and a 200 day simple moving average of $27.97.

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 analysts’ consensus estimates of $1.61 by $0.29. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The firm had revenue of $988.65 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company posted $2.59 earnings per share. The company’s quarterly 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. Research analysts forecast that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

G-III Apparel Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. G-III Apparel Group’s payout ratio is currently 12.01%.

Institutional Trading of G-III Apparel Group

Several large investors have recently modified their holdings of the company. Intech Investment Management LLC boosted its stake in shares of G-III Apparel Group by 6.1% during the 2nd quarter. Intech Investment Management LLC now owns 48,866 shares of the textile maker’s stock worth $1,095,000 after acquiring an additional 2,790 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in G-III Apparel Group by 62.8% in the 3rd quarter. Exchange Traded Concepts LLC now owns 86,477 shares of the textile maker’s stock worth $2,301,000 after purchasing an additional 33,365 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in G-III Apparel Group in the 2nd quarter worth $486,000. Allianz Asset Management GmbH lifted its position in G-III Apparel Group by 431.3% during the second quarter. Allianz Asset Management GmbH now owns 60,558 shares of the textile maker’s stock valued at $1,356,000 after purchasing an additional 49,159 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in G-III Apparel Group during the second quarter valued at about $9,313,000. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Company Profile

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.