G-III Apparel Group (NASDAQ:GIII) Price Target Raised to $34.00 at BTIG Research

by · The Markets Daily

G-III Apparel Group (NASDAQ:GIII – Get Free Report) had its target price raised by BTIG Research from $32.00 to $34.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the textile maker’s stock. BTIG Research’s price target would indicate a potential upside of 9.80% from the stock’s previous close.

Several other brokerages have also recently issued reports on GIII. KeyCorp raised their price objective on 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. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Tuesday, October 14th. UBS Group reissued a “neutral” rating and issued a $28.00 target price (up previously from $26.00) on shares of G-III Apparel Group in a report on Thursday, December 4th. Barclays upped their target price on G-III Apparel Group from $18.00 to $21.00 and gave the company an “underweight” rating in a report on Friday, September 5th. Finally, Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, G-III Apparel Group has an average rating of “Hold” and a consensus target price of $30.67.

Read Our Latest Research Report on GIII

G-III Apparel Group Price Performance

Shares of NASDAQ:GIII traded up $1.30 during midday trading on Tuesday, reaching $30.97. The company had a trading volume of 475,634 shares, compared to its average volume of 577,225. The stock has a market capitalization of $1.31 billion, a P/E ratio of 7.60 and a beta of 1.30. The stock’s fifty day moving average price is $27.84 and its 200-day moving average price is $26.01. G-III Apparel Group has a one year low of $20.33 and a one year high of $36.18.

G-III Apparel Group (NASDAQ:GIII – Get Free Report) last posted its quarterly earnings results on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.60 by $0.30. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The business had revenue of $988.65 million during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm earned $2.59 earnings per share. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. As a group, sell-side analysts forecast that G-III Apparel Group will post 4.16 earnings per share for the current year.

Institutional Investors Weigh In On G-III Apparel Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GIII. Connor Clark & Lunn Investment Management Ltd. bought a new position in G-III Apparel Group during the 1st quarter valued at $467,000. Nuveen LLC acquired a new stake in shares of G-III Apparel Group in the first quarter valued at $11,614,000. Public Sector Pension Investment Board boosted its stake in G-III Apparel Group by 27.3% during the first quarter. Public Sector Pension Investment Board now owns 122,497 shares of the textile maker’s stock valued at $3,350,000 after buying an additional 26,291 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in G-III Apparel Group by 5,154.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock worth $32,000 after acquiring an additional 1,134 shares during the period. Finally, Brandywine Global Investment Management LLC grew its holdings in G-III Apparel Group by 5.7% during the first quarter. Brandywine Global Investment Management LLC now owns 160,000 shares of the textile maker’s stock worth $4,376,000 after acquiring an additional 8,623 shares during the period. Institutional investors own 92.13% of the company’s stock.

About G-III Apparel Group

(Get Free Report)

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.

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