Brokerages Set G-III Apparel Group, LTD. (NASDAQ:GIII) Target Price at $31.20

by · The Cerbat Gem

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

Several brokerages have recently issued reports on GIII. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Tuesday, October 14th. 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. BTIG Research boosted their target price on G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. KeyCorp restated an “overweight” rating and issued a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday. Finally, Zacks Research upgraded shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th.

Read Our Latest Stock Analysis on G-III Apparel Group

Institutional Investors Weigh In On G-III Apparel Group

Several hedge funds have recently modified their holdings of GIII. Byrne Asset Management LLC acquired a new position in G-III Apparel Group in the 2nd quarter worth about $28,000. EverSource Wealth Advisors LLC increased its stake in shares of G-III Apparel Group by 105.2% in the third 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. Caitong International Asset Management Co. Ltd raised its holdings in G-III Apparel Group by 5,154.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock valued at $32,000 after buying an additional 1,134 shares during the last quarter. Federated Hermes Inc. acquired a new stake in G-III Apparel Group during the 3rd quarter worth approximately $40,000. Finally, Raymond James Financial Inc. acquired a new stake 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 Up 2.0%

Shares of NASDAQ:GIII opened at $31.41 on Friday. The firm has a 50 day moving average of $28.17 and a 200-day moving average of $26.10. G-III Apparel Group has a 12 month low of $20.33 and a 12 month high of $36.18. The stock has a market capitalization of $1.33 billion, a PE ratio of 9.43 and a beta of 1.30.

G-III Apparel Group (NASDAQ:GIII – Get Free Report) last announced its quarterly earnings data on Tuesday, December 9th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.29. G-III Apparel Group had a net margin of 4.89% and a return on equity of 9.37%. The business had revenue of $988.65 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm posted $2.59 earnings per share. The firm’s quarterly revenue 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. On average, research analysts predict that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.3%.

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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