G-III Apparel Group (NASDAQ:GIII) Given New $30.00 Price Target at UBS Group

G-III Apparel Group (NASDAQ:GIII) had its price target lowered by UBS Group from $32.00 to $30.00 in a research report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the textile maker’s stock.

Other equities analysts have also issued reports about the company. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Telsey Advisory Group set a $34.00 target price on shares of G-III Apparel Group in a research report on Wednesday, December 10th. BTIG Research increased their target price on shares of G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.80.

G-III Apparel Group Stock Down 0.4%

GIII stock opened at $30.45 on Tuesday. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 9.14 and a beta of 1.29. The company’s fifty day simple moving average is $30.02 and its 200 day simple moving average is $28.64. G-III Apparel Group has a 12-month low of $20.33 and a 12-month high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Tuesday, December 9th. The textile maker reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.29. The firm had revenue of $988.65 million during the quarter, compared to analyst estimates of $1.01 billion. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the company posted $2.59 EPS. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Research analysts expect that G-III Apparel Group will post 4.16 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 Monday, December 29th. Shareholders of record on Monday, December 15th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, December 15th. This represents a $0.40 annualized dividend and a yield of 1.3%. G-III Apparel Group’s dividend payout ratio is presently 12.01%.

Institutional Investors Weigh In On G-III Apparel Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in G-III Apparel Group in the 4th quarter valued at about $36,200,000. Medina Value Partners LLC lifted its holdings in shares of G-III Apparel Group by 1,099.7% in the third quarter. Medina Value Partners LLC now owns 682,090 shares of the textile maker’s stock valued at $18,150,000 after purchasing an additional 625,237 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of G-III Apparel Group during the second quarter valued at approximately $9,313,000. Hound Partners LLC grew its holdings in G-III Apparel Group by 280.0% during the third quarter. Hound Partners LLC now owns 478,909 shares of the textile maker’s stock worth $12,744,000 after buying an additional 352,869 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in G-III Apparel Group in the 2nd quarter valued at $7,546,000. 92.13% of the stock is owned by institutional investors.

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.