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

G-III Apparel Group, LTD. (NASDAQ:GIII) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $33.00.

A number of equities research analysts have recently issued reports on the company. Zacks Research lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. BTIG Research lifted their price target on G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Telsey Advisory Group reissued a “market perform” rating and set a $38.00 price target (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, Wall Street Zen lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th.

G-III Apparel Group Stock Down 1.5%

Shares of GIII opened at $33.29 on Wednesday. G-III Apparel Group has a 52-week low of $24.61 and a 52-week high of $37.54. The stock has a market cap of $1.40 billion, a PE ratio of 11.76 and a beta of 1.28. The firm’s fifty day moving average is $34.62 and its two-hundred day moving average is $31.80.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Friday, June 5th. The textile maker reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The firm had revenue of $535.96 million for the quarter, compared to analyst estimates of $529.07 million. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. G-III Apparel Group’s quarterly revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 earnings per share. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. As a group, research analysts anticipate that G-III Apparel Group will post 2.24 earnings per share for the current year.

G-III Apparel Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. G-III Apparel Group’s dividend payout ratio is 14.13%.

Institutional Trading of G-III Apparel Group

Institutional investors have recently made changes to their positions in the company. AlphaQuest LLC lifted its stake in G-III Apparel Group by 251.4% during the fourth quarter. AlphaQuest LLC now owns 70,278 shares of the textile maker’s stock worth $2,035,000 after purchasing an additional 50,279 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of G-III Apparel Group by 149.8% in the 1st quarter. SG Americas Securities LLC now owns 52,390 shares of the textile maker’s stock valued at $1,451,000 after buying an additional 31,420 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in shares of G-III Apparel Group in the 2nd quarter valued at $1,723,000. Hsbc Holdings PLC lifted its stake in G-III Apparel Group by 46.2% during the 4th quarter. Hsbc Holdings PLC now owns 128,096 shares of the textile maker’s stock worth $3,756,000 after acquiring an additional 40,485 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in G-III Apparel Group during the 2nd quarter valued at about $1,143,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

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.