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

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $29.00.

Several analysts have issued reports on GIII shares. KeyCorp reaffirmed an “overweight” rating and set a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Telsey Advisory Group restated a “market perform” rating and set a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a report on Friday, January 9th. BTIG Research reiterated a “buy” rating and set a $34.00 price target on shares of G-III Apparel Group in a report on Wednesday. Finally, UBS Group lowered their price target on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th.

Hedge Funds Weigh In On G-III Apparel Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Intech Investment Management LLC lifted its stake in shares of G-III Apparel Group by 6.1% during the 2nd quarter. Intech Investment Management LLC now owns 48,866 shares of the textile maker’s stock worth $1,095,000 after buying an additional 2,790 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in G-III Apparel Group by 62.8% in the 3rd 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 grew its stake in G-III Apparel Group by 34.7% in the 3rd 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 last quarter. Jupiter Asset Management Ltd. bought a new position in G-III Apparel Group in the 3rd quarter valued at about $5,878,000. Finally, Cerity Partners LLC acquired a new stake in G-III Apparel Group during the second quarter worth approximately $9,313,000. 92.13% of the stock is owned by institutional investors.

G-III Apparel Group Stock Performance

Shares of NASDAQ GIII opened at $26.64 on Friday. The stock has a 50 day moving average price of $29.53 and a 200 day moving average price of $28.74. The stock has a market capitalization of $1.12 billion, a PE ratio of 17.76 and a beta of 1.29. G-III Apparel Group has a 52 week low of $20.33 and a 52 week high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.29). G-III Apparel Group had a return on equity of 6.73% and a net margin of 2.28%.The company had revenue of $771.49 million for the quarter, compared to analyst estimates of $791.98 million. During the same period last year, the firm earned $1.27 EPS. The firm’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. As a group, research analysts forecast that G-III Apparel Group will post 4.16 EPS for the current year.

G-III Apparel Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 23rd will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date is Monday, March 23rd. G-III Apparel Group’s dividend payout ratio is 26.67%.

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.