G-III Apparel Group, LTD. (NASDAQ:GIII) Given Consensus Recommendation of “Hold” by Brokerages

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have been assigned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $31.20.

A number of brokerages have weighed in on GIII. Telsey Advisory Group set a $34.00 price objective on G-III Apparel Group in a research note on Wednesday, December 10th. Zacks Research upgraded shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. UBS Group set a $32.00 price objective on shares of G-III Apparel Group and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Finally, KeyCorp reiterated an “overweight” rating and set a $35.00 target price (up previously from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th.

Institutional Investors Weigh In On G-III Apparel Group

Large investors have recently modified their holdings of the stock. Royce & Associates LP grew its position in G-III Apparel Group by 0.8% in the 3rd quarter. Royce & Associates LP now owns 42,421 shares of the textile maker’s stock valued at $1,129,000 after buying an additional 348 shares during the last quarter. Amalgamated Bank lifted its stake in shares of G-III Apparel Group by 3.4% in the 3rd quarter. Amalgamated Bank now owns 11,247 shares of the textile maker’s stock worth $299,000 after acquiring an additional 375 shares during the period. Lido Advisors LLC boosted its holdings in shares of G-III Apparel Group by 2.0% in the second quarter. Lido Advisors LLC now owns 20,594 shares of the textile maker’s stock valued at $461,000 after acquiring an additional 395 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of G-III Apparel Group by 107.7% during the fourth quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock worth $27,000 after acquiring an additional 488 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in G-III Apparel Group by 5.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,781 shares of the textile maker’s stock worth $219,000 after purchasing an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Trading Up 2.0%

Shares of NASDAQ:GIII opened at $29.35 on Friday. The firm has a 50 day simple moving average of $29.86 and a 200-day simple moving average of $27.58. G-III Apparel Group has a twelve month low of $20.33 and a twelve month high of $34.83. The company has a market capitalization of $1.24 billion, a PE ratio of 8.81 and a beta of 1.28.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, topping the consensus estimate of $1.61 by $0.29. G-III Apparel Group had a net margin of 4.89% and a return on equity of 9.37%. The firm had revenue of $988.65 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned $2.59 EPS. G-III Apparel Group’s revenue for the quarter was down 9.3% compared to the same quarter last year. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, December 15th. G-III Apparel Group’s dividend payout ratio (DPR) is presently 12.01%.

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.