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

by · The Markets Daily

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII – Get Free Report) have been given a consensus rating of “Hold” by the seven brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $31.20.

A number of research firms have recently commented on GIII. Telsey Advisory Group set a $34.00 price objective on shares of G-III Apparel Group in a research note on Wednesday, December 10th. KeyCorp reaffirmed an “overweight” rating and set a $35.00 price target (up previously from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Tuesday, October 14th. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, UBS Group set a $32.00 target price on G-III Apparel Group and gave the company a “neutral” rating in a research report on Wednesday, December 10th.

View Our Latest Stock Analysis on G-III Apparel Group

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in G-III Apparel Group by 107.7% in the fourth quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock worth $27,000 after purchasing an additional 488 shares during the period. Byrne Asset Management LLC bought a new position in shares of G-III Apparel Group during the 2nd quarter worth about $28,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 valued at $31,000 after buying an additional 591 shares during the period. Federated Hermes Inc. bought a new stake in G-III Apparel Group in the 3rd quarter valued at about $40,000. Finally, Raymond James Financial Inc. acquired a new position in G-III Apparel Group during the 2nd quarter worth approximately $41,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Trading Down 1.5%

NASDAQ GIII opened at $29.86 on Tuesday. The firm has a market capitalization of $1.26 billion, a PE ratio of 8.97 and a beta of 1.28. The business’s 50-day moving average price is $29.37 and its two-hundred day moving average price is $26.98. G-III Apparel Group has a 12 month low of $20.33 and a 12 month high of $34.83.

G-III Apparel Group (NASDAQ:GIII – Get Free Report) last posted its quarterly earnings data on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.29. The company had revenue of $988.65 million for the quarter, compared to analyst estimates of $1.01 billion. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The firm’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.59 earnings per share. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. As a group, analysts forecast that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, December 15th. G-III Apparel Group’s dividend payout ratio is presently 12.01%.

About G-III Apparel Group

(Get Free Report)

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.

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