Brokerages Set G-III Apparel Group, LTD. (NASDAQ:GIII) Price Target at $29.00

G-III Apparel Group, LTD. (NASDAQ:GIII) has received an average rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $29.00.

GIII has been the topic of a number of research reports. BTIG Research reaffirmed a “buy” rating and set a $34.00 target price on shares of G-III Apparel Group in a research report on Wednesday, March 18th. Zacks Research lowered shares of G-III Apparel Group from a “hold” rating to a “strong sell” rating in a research report 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, UBS Group reduced their target price on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors have recently bought and sold shares of GIII. 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 last quarter. EverSource Wealth Advisors LLC grew its holdings in 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 worth $31,000 after purchasing an additional 591 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in G-III Apparel Group in the fourth quarter worth $34,000. Federated Hermes Inc. purchased a new position in G-III Apparel Group in the third quarter worth $40,000. Finally, Raymond James Financial Inc. purchased a new position in G-III Apparel Group in the second quarter worth $41,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

G-III Apparel Group Trading Down 0.8%

Shares of NASDAQ:GIII opened at $29.43 on Monday. G-III Apparel Group has a 12 month low of $20.33 and a 12 month high of $34.83. The company has a 50-day moving average price of $29.15 and a 200 day moving average price of $29.41. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 19.62 and a beta of 1.30.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.29). The firm had revenue of $771.49 million during the quarter, compared to the consensus estimate of $791.98 million. G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.27 EPS. 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. As a group, equities analysts forecast that G-III Apparel Group will post 2.07 EPS for the current year.

G-III Apparel Group Dividend Announcement

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

About G-III Apparel Group

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.