G-III Apparel Group (NASDAQ:GIII) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of G-III Apparel Group (NASDAQ:GIII) from a strong sell rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. Barclays raised their price target on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Tuesday, October 14th. KeyCorp lifted their target price on shares of G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, September 5th. BTIG Research started coverage on shares of G-III Apparel Group in a report on Tuesday, October 14th. They issued a “buy” rating and a $32.00 target price for the company. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $30.00 price target (up previously from $27.00) on shares of G-III Apparel Group in a research report on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $30.00.

G-III Apparel Group Price Performance

Shares of NASDAQ GIII opened at $28.25 on Tuesday. The company has a 50 day simple moving average of $27.10 and a 200-day simple moving average of $25.66. The company has a market capitalization of $1.19 billion, a P/E ratio of 6.99 and a beta of 1.60. G-III Apparel Group has a 1 year low of $20.33 and a 1 year high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The business had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 EPS. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS. As a group, research analysts expect that G-III Apparel Group will post 4.16 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GIII. American Century Companies Inc. lifted its position in G-III Apparel Group by 3.0% in the 2nd quarter. American Century Companies Inc. now owns 1,672,776 shares of the textile maker’s stock valued at $37,470,000 after purchasing an additional 48,426 shares during the last quarter. Millennium Management LLC raised its position in shares of G-III Apparel Group by 139.3% during the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker’s stock worth $26,070,000 after buying an additional 554,933 shares in the last quarter. LSV Asset Management raised its position in shares of G-III Apparel Group by 0.3% during the 2nd quarter. LSV Asset Management now owns 849,501 shares of the textile maker’s stock worth $19,029,000 after buying an additional 2,597 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of G-III Apparel Group by 25.0% during the 1st quarter. Victory Capital Management Inc. now owns 706,288 shares of the textile maker’s stock worth $19,317,000 after buying an additional 141,290 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in shares of G-III Apparel Group by 0.8% during the 1st quarter. Bridgeway Capital Management LLC now owns 619,051 shares of the textile maker’s stock worth $16,931,000 after buying an additional 4,851 shares in the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.