G-III Apparel Group, LTD. (NASDAQ:GIII) Receives Average Rating of “Hold” from Brokerages

G-III Apparel Group, LTD. (NASDAQ:GIII) has received an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $31.20.

Several research firms have recently weighed in on GIII. Zacks Research raised shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Telsey Advisory Group set a $34.00 price objective on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. BTIG Research increased their target price on G-III Apparel Group from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Finally, UBS Group set a $32.00 price target on G-III Apparel Group and gave the company a “neutral” rating in a report on Wednesday, December 10th.

G-III Apparel Group Stock Performance

Shares of NASDAQ:GIII opened at $31.05 on Wednesday. The company’s fifty day moving average is $30.02 and its two-hundred day moving average is $28.44. G-III Apparel Group has a 1-year low of $20.33 and a 1-year high of $34.83. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 9.32 and a beta of 1.31.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, beating the consensus estimate of $1.61 by $0.29. The firm had revenue of $988.65 million for the quarter, compared to analysts’ expectations of $1.01 billion. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The firm’s revenue was down 9.3% compared to the same quarter last year. During the same period last year, the firm earned $2.59 EPS. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Sell-side analysts expect that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 15th. G-III Apparel Group’s dividend payout ratio (DPR) is presently 12.01%.

Institutional Investors Weigh In On G-III Apparel Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Intech Investment Management LLC boosted its holdings in G-III Apparel Group by 6.1% in the 2nd quarter. Intech Investment Management LLC now owns 48,866 shares of the textile maker’s stock valued at $1,095,000 after purchasing an additional 2,790 shares during the period. Exchange Traded Concepts LLC raised its position in shares of G-III Apparel Group by 62.8% during the third quarter. Exchange Traded Concepts LLC now owns 86,477 shares of the textile maker’s stock valued at $2,301,000 after buying an additional 33,365 shares during the last quarter. LSV Asset Management lifted its stake in shares of G-III Apparel Group by 34.7% in the third quarter. LSV Asset Management now owns 1,144,233 shares of the textile maker’s stock valued at $30,448,000 after buying an additional 294,732 shares during the period. Cerity Partners LLC bought a new stake in shares of G-III Apparel Group in the second quarter valued at about $9,313,000. Finally, CSM Advisors LLC acquired a new stake in G-III Apparel Group during the second quarter worth about $3,938,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

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.