G-III Apparel Group (NASDAQ:GIII) Given Buy Rating at BTIG Research

G-III Apparel Group (NASDAQ:GIII)‘s stock had its “buy” rating restated by analysts at BTIG Research in a research report issued on Wednesday, Benzinga reports. They currently have a $40.00 target price on the textile maker’s stock. BTIG Research’s price target indicates a potential upside of 40.50% from the company’s current price.

A number of other equities research analysts have also recently commented on the company. KeyCorp reissued an “overweight” rating and issued a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Wall Street Zen cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research downgraded shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Finally, Telsey Advisory Group decreased their target price on shares of G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating for the company in a report on Thursday. Three analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $31.80.

G-III Apparel Group Price Performance

NASDAQ:GIII opened at $28.47 on Wednesday. The firm’s 50-day moving average price is $34.38 and its 200-day moving average price is $31.88. The company has a market capitalization of $1.20 billion, a PE ratio of 10.06 and a beta of 1.27. G-III Apparel Group has a 1-year low of $24.61 and a 1-year high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The business had revenue of $554.09 million during the quarter, compared to the consensus estimate of $570.37 million. During the same quarter last year, the firm earned $0.25 earnings per share. The business’s revenue for the quarter was down 9.7% on a year-over-year basis. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. Equities analysts anticipate that G-III Apparel Group will post 2.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in GIII. Nykredit A S bought a new position in G-III Apparel Group during the second quarter valued at approximately $33,000. Raymond James Financial Inc. bought a new stake in G-III Apparel Group in the 2nd quarter worth approximately $41,000. Allworth Financial LP purchased a new stake in G-III Apparel Group during the 2nd quarter valued at $50,000. Parallel Advisors LLC raised its stake in G-III Apparel Group by 231.9% during the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after buying an additional 1,243 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of G-III Apparel Group during the 1st quarter valued at $77,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

More G-III Apparel Group News

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: G-III reported second-quarter fiscal 2027 GAAP EPS of $0.46, up from $0.25 a year earlier and above the approximately $0.23 analyst consensus. Non-GAAP EPS was $0.26, also slightly ahead of estimates. G-III fiscal 2027 second-quarter results
• Positive Sentiment: Gross margin expanded 440 basis points to 45.2%, helped by pricing actions and a greater mix of higher-margin owned brands. Management said its go-forward portfolio grew at a high-single-digit rate.
• Positive Sentiment: G-III and WHP Global completed the acquisition of Marc Jacobs from LVMH. The company views the brand as a major long-term growth opportunity and is targeting approximately $1 billion in annual revenue from the business. Marc Jacobs acquisition completion
• Neutral Sentiment: Fiscal 2027 non-GAAP EPS guidance was set at $2.20–$2.30, broadly in line with the $2.23 consensus. However, the outlook excludes Marc Jacobs, which management expects to be slightly dilutive during fiscal 2027 before becoming accretive later.
• Positive Sentiment: G-III ended the quarter with $529.2 million in cash, up from $301.8 million, while inventory declined 13% year over year. The company also returned $12.2 million through share repurchases and dividends.
• Negative Sentiment: Second-quarter sales fell 10% year over year to $554.1 million, missing the $570.4 million consensus. Fiscal 2027 sales are expected to be approximately $2.71 billion, down from $2.96 billion, partly reflecting the loss of about $460 million in Calvin Klein and Tommy Hilfiger product sales.
• Negative Sentiment: Third-quarter EPS guidance of $1.35–$1.45 is well below the $1.73 consensus, while projected revenue of roughly $870 million trails the $897.8 million estimate. The company also expects third-quarter sales and earnings to decline from the prior year, making the near-term outlook the primary pressure on GIII.

G-III Apparel Group Company Profile

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.