Brokerages Set G-III Apparel Group, LTD. (NASDAQ:GIII) Target Price at $29.00

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have received a consensus rating of “Hold” from the seven analysts that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $29.00.

Several research analysts have recently commented on GIII shares. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday. UBS Group lowered their target price on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Telsey Advisory Group reiterated a “market perform” rating and set a $29.00 price target (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. Finally, BTIG Research reiterated a “buy” rating and set a $34.00 price target on shares of G-III Apparel Group in a research report on Wednesday, March 18th.

Institutional Investors Weigh In On G-III Apparel Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jupiter Asset Management Ltd. acquired a new stake in G-III Apparel Group during the third quarter worth $5,878,000. LSV Asset Management increased its stake in G-III Apparel Group by 34.7% during the third quarter. LSV Asset Management now owns 1,144,233 shares of the textile maker’s stock worth $30,448,000 after acquiring an additional 294,732 shares during the last quarter. Phocas Financial Corp. boosted its position in shares of G-III Apparel Group by 77.2% during the fourth quarter. Phocas Financial Corp. now owns 244,406 shares of the textile maker’s stock worth $7,078,000 after buying an additional 106,497 shares during the period. Allianz Asset Management GmbH boosted its position in shares of G-III Apparel Group by 177.0% during the third quarter. Allianz Asset Management GmbH now owns 167,762 shares of the textile maker’s stock worth $4,464,000 after buying an additional 107,204 shares during the period. Finally, Medina Value Partners LLC boosted its position in shares of G-III Apparel Group by 1,099.7% during the third quarter. Medina Value Partners LLC now owns 682,090 shares of the textile maker’s stock worth $18,150,000 after buying an additional 625,237 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Trading Down 3.4%

Shares of GIII stock opened at $28.73 on Monday. G-III Apparel Group has a twelve month low of $20.33 and a twelve month high of $34.83. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 19.15 and a beta of 1.30. The stock has a fifty day simple moving average of $29.10 and a two-hundred day simple moving average of $29.42.

G-III Apparel Group (NASDAQ:GIII) last issued its 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 6.70% and a net margin of 2.28%.The firm had revenue of $771.49 million during the quarter, compared to analysts’ expectations of $791.98 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. G-III Apparel Group’s quarterly revenue 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. Research analysts predict that G-III Apparel Group will post 2.07 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 23rd were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, March 23rd. G-III Apparel Group’s dividend payout ratio (DPR) is currently 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.