G-III Apparel Group (NASDAQ:GIII) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.92 and traded as high as $35.27. G-III Apparel Group shares last traded at $34.48, with a volume of 516,218 shares.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GIII shares. BTIG Research upped their target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. KeyCorp reiterated an “overweight” rating and set a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Zacks Research lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings upgraded G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. Finally, Wall Street Zen raised G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, G-III Apparel Group currently has an average rating of “Hold” and an average price target of $33.00.

G-III Apparel Group Stock Performance

The firm’s 50-day moving average is $33.41 and its 200 day moving average is $30.92. The firm has a market capitalization of $1.45 billion, a PE ratio of 12.18 and a beta of 1.28.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. The firm had revenue of $535.96 million for the quarter, compared to analysts’ expectations of $529.07 million. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The firm’s revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 EPS. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. As a group, equities analysts anticipate that G-III Apparel Group, LTD. will post 2.24 earnings per share for the current year.

G-III Apparel Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 22nd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, June 22nd. G-III Apparel Group’s dividend payout ratio (DPR) is 14.13%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in G-III Apparel Group by 107.7% during the 4th quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after buying an additional 488 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of G-III Apparel Group in the fourth quarter worth $34,000. Parallel Advisors LLC raised its holdings in shares of G-III Apparel Group by 231.9% in the fourth quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock worth $52,000 after acquiring an additional 1,243 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of G-III Apparel Group in the second quarter worth $41,000. Finally, Strs Ohio purchased a new stake in shares of G-III Apparel Group in the first quarter valued at $77,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

About G-III Apparel Group

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.