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

G-III Apparel Group, LTD. (NASDAQ:GIII) has been given an average recommendation of “Hold” by the eight analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $30.00.

A number of analysts recently weighed in on GIII shares. BTIG Research assumed coverage on shares of G-III Apparel Group in a research note on Tuesday, October 14th. They set a “buy” rating and a $32.00 price target for the company. Zacks Research downgraded shares of G-III Apparel Group from a “hold” rating to a “strong sell” rating in a report on Monday, September 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Tuesday, October 14th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $30.00 price target (up from $27.00) on shares of G-III Apparel Group in a research note on Tuesday, September 2nd. Finally, KeyCorp raised their price target on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th.

G-III Apparel Group Stock Performance

Shares of GIII stock opened at $28.34 on Thursday. The stock has a market capitalization of $1.20 billion, a P/E ratio of 7.01 and a beta of 1.58. The company has a 50 day moving average price of $26.96 and a 200 day moving average price of $25.51. G-III Apparel Group has a fifty-two week low of $20.33 and a fifty-two week high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. The firm had revenue of $613.27 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. 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. On average, research analysts forecast that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Institutional Trading of G-III Apparel Group

A number of hedge funds have recently made changes to their positions in GIII. Byrne Asset Management LLC purchased a new stake in shares of G-III Apparel Group during the second quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of G-III Apparel Group by 5,154.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock worth $32,000 after buying an additional 1,134 shares during the last quarter. Raymond James Financial Inc. acquired a new position in G-III Apparel Group in the second quarter worth $41,000. Traub Capital Management LLC acquired a new position in G-III Apparel Group in the second quarter worth $67,000. Finally, Strs Ohio acquired a new position in G-III Apparel Group in the first quarter worth $77,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

About G-III Apparel Group

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.