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

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $29.00.

A number of analysts recently weighed in on GIII shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 price target (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. Zacks Research lowered shares of G-III Apparel Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Friday, January 9th. UBS Group lowered their price objective on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Finally, BTIG Research reaffirmed a “buy” rating and set a $34.00 price objective on shares of G-III Apparel Group in a research note on Wednesday, March 18th.

Hedge Funds Weigh In On G-III Apparel Group

Institutional investors and hedge funds have recently modified their holdings of the business. Royce & Associates LP lifted its stake in G-III Apparel Group by 0.8% in the third quarter. Royce & Associates LP now owns 42,421 shares of the textile maker’s stock valued at $1,129,000 after buying an additional 348 shares in the last quarter. Amalgamated Bank raised its holdings in shares of G-III Apparel Group by 3.4% during the third quarter. Amalgamated Bank now owns 11,247 shares of the textile maker’s stock worth $299,000 after acquiring an additional 375 shares during the period. GAMMA Investing LLC lifted its position in G-III Apparel Group by 107.7% in the 4th quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 488 shares in the last quarter. SG Americas Securities LLC boosted its stake in G-III Apparel Group by 2.8% in the 4th quarter. SG Americas Securities LLC now owns 20,970 shares of the textile maker’s stock worth $607,000 after purchasing an additional 570 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in G-III Apparel Group by 105.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock worth $31,000 after purchasing an additional 591 shares during the period. 92.13% of the stock is currently owned by institutional investors and hedge funds.

G-III Apparel Group Stock Up 3.0%

NASDAQ:GIII opened at $31.39 on Thursday. G-III Apparel Group has a 12-month low of $20.33 and a 12-month high of $34.83. The firm has a market capitalization of $1.32 billion, a P/E ratio of 20.93 and a beta of 1.30. The stock’s fifty day simple moving average is $29.07 and its 200-day simple moving average is $28.98.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The company had revenue of $771.49 million during the quarter, compared to the consensus estimate of $791.98 million. During the same quarter in the prior year, the company posted $1.27 EPS. The company’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, equities research analysts expect that G-III Apparel Group will post 2.07 earnings per share for the current year.

G-III Apparel Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Stockholders of record on Monday, March 23rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. G-III Apparel Group’s dividend payout ratio (DPR) is currently 26.67%.

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.