G-III Apparel Group (NASDAQ:GIII) Receives “Buy” Rating from BTIG Research

BTIG Research restated their buy rating on shares of G-III Apparel Group (NASDAQ:GIII) in a report issued on Wednesday morning, MarketBeat Ratings reports. They currently have a $34.00 price objective on the textile maker’s stock.

A number of other research firms also recently commented on GIII. Telsey Advisory Group reiterated a “market perform” rating and set a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Friday, January 9th. KeyCorp reaffirmed an “overweight” rating and set a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Finally, UBS Group lowered their price objective on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $29.00.

G-III Apparel Group Stock Up 1.1%

Shares of G-III Apparel Group stock opened at $26.05 on Wednesday. G-III Apparel Group has a twelve month low of $20.33 and a twelve month high of $34.83. The business has a 50-day moving average price of $29.66 and a 200-day moving average price of $28.74. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 17.37 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). The firm had revenue of $771.49 million during the quarter, compared to analysts’ expectations of $791.98 million. G-III Apparel Group had a return on equity of 6.73% and a net margin of 2.28%.G-III Apparel Group’s quarterly revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.27 earnings per share. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. On average, equities analysts expect that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 23rd will be issued a $0.10 dividend. The ex-dividend date is Monday, March 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. G-III Apparel Group’s payout ratio is 26.67%.

Institutional Trading of G-III Apparel Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Corient Private Wealth LLC bought a new position in G-III Apparel Group during the fourth quarter valued at $425,000. Hsbc Holdings PLC lifted its holdings in shares of G-III Apparel Group by 46.2% in the 4th quarter. Hsbc Holdings PLC now owns 128,096 shares of the textile maker’s stock worth $3,756,000 after acquiring an additional 40,485 shares during the last quarter. DGS Capital Management LLC bought a new stake in shares of G-III Apparel Group in the 4th quarter worth about $202,000. Mercer Global Advisors Inc. ADV boosted its stake in shares of G-III Apparel Group by 18.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,408 shares of the textile maker’s stock worth $417,000 after purchasing an additional 2,248 shares during the period. Finally, Summit Global Investments purchased a new position in shares of G-III Apparel Group during the 4th quarter worth about $231,000. Hedge funds and other 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.