UBS Group Lowers G-III Apparel Group (NASDAQ:GIII) Price Target to $26.00

G-III Apparel Group (NASDAQ:GIII) had its price objective decreased by stock analysts at UBS Group from $30.00 to $26.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. UBS Group’s price objective would indicate a potential downside of 0.19% from the stock’s previous close.

Several other research firms have also recently issued reports on GIII. Telsey Advisory Group restated 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 note on Monday, March 9th. BTIG Research reiterated a “buy” rating on shares of G-III Apparel Group in a research note on Thursday, March 12th. KeyCorp restated an “overweight” rating and set a $35.00 price objective (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.00.

G-III Apparel Group Trading Up 1.1%

G-III Apparel Group stock opened at $26.05 on Tuesday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 17.37 and a beta of 1.29. The stock has a fifty day simple moving average of $29.66 and a two-hundred day simple moving average of $28.74. 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 announced its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.73%. The business had revenue of $771.49 million for the quarter, compared to the consensus estimate of $791.98 million. During the same period in the previous year, the company earned $1.27 earnings per share. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. 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 research analysts forecast that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors have recently made changes to their positions in GIII. Royce & Associates LP grew its position in G-III Apparel Group by 0.8% during the third 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 period. Amalgamated Bank raised its position in G-III Apparel Group by 3.4% in the third 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 stake in shares of G-III Apparel Group by 2.0% during the 2nd quarter. Lido Advisors LLC now owns 20,594 shares of the textile maker’s stock worth $461,000 after acquiring an additional 395 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of G-III Apparel Group by 107.7% during the 4th 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 last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of G-III Apparel Group by 5.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,781 shares of the textile maker’s stock valued at $219,000 after acquiring an additional 539 shares during the period. Institutional investors own 92.13% of the company’s stock.

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.