G-III Apparel Group (NASDAQ:GIII) Rating Increased to Hold at Zacks Research

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

Several other equities research analysts have also weighed in on GIII. UBS Group reduced their price objective on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. Finally, BTIG Research reaffirmed a “buy” rating and set a $34.00 target price on shares of G-III Apparel Group in a report on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $29.00.

G-III Apparel Group Price Performance

GIII opened at $29.43 on Tuesday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 19.62 and a beta of 1.30. G-III Apparel Group has a 1-year low of $20.33 and a 1-year high of $34.83. The business has a 50 day moving average price of $29.15 and a two-hundred day moving average price of $29.41.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). The firm had revenue of $771.49 million during the quarter, compared to analyst estimates of $791.98 million. G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter last year, the company earned $1.27 earnings per share. 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. Equities analysts expect that G-III Apparel Group will post 2.07 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 23rd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, March 23rd. G-III Apparel Group’s payout ratio is 26.67%.

Institutional Trading of G-III Apparel Group

Several large investors have recently added to or reduced their stakes in the company. Royce & Associates LP raised its stake in G-III Apparel Group by 0.8% during the 3rd quarter. Royce & Associates LP now owns 42,421 shares of the textile maker’s stock valued at $1,129,000 after purchasing an additional 348 shares during the period. Amalgamated Bank raised its stake in G-III Apparel Group by 3.4% during the 3rd quarter. Amalgamated Bank now owns 11,247 shares of the textile maker’s stock valued at $299,000 after purchasing an additional 375 shares during the period. Illinois Municipal Retirement Fund raised its stake in G-III Apparel Group by 2.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 19,758 shares of the textile maker’s stock valued at $547,000 after purchasing an additional 482 shares during the period. GAMMA Investing LLC raised its stake in G-III Apparel Group by 107.7% during the 4th quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 488 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of G-III Apparel Group by 2.8% in the fourth quarter. SG Americas Securities LLC now owns 20,970 shares of the textile maker’s stock worth $607,000 after acquiring an additional 570 shares during 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. 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.