G-III Apparel Group (NASDAQ:GIII) Sees Large Volume Increase – What’s Next?

G-III Apparel Group, LTD. (NASDAQ:GIII) shares saw an uptick in trading volume on Thursday . 318,747 shares were traded during mid-day trading, a decline of 40% from the previous session’s volume of 534,828 shares.The stock last traded at $35.7910 and had previously closed at $35.21.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on GIII. BTIG Research boosted their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 price objective (up from $29.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Zacks Research lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. KeyCorp restated an “overweight” rating and set a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, Wall Street Zen upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.00.

G-III Apparel Group Trading Down 1.3%

The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 12.52 and a beta of 1.28. The company has a fifty day moving average price of $32.97 and a 200-day moving average price of $30.74.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.09. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The business had revenue of $535.96 million during the quarter, compared to analyst estimates of $529.07 million. During the same quarter in the previous year, the business earned $0.19 EPS. G-III Apparel Group’s quarterly revenue was down 8.2% compared to the same quarter last year. 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, sell-side analysts predict that G-III Apparel Group, LTD. will post 2.24 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 22nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Monday, June 22nd. G-III Apparel Group’s dividend payout ratio is currently 14.13%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Empowered Funds LLC increased its position in G-III Apparel Group by 3.8% in the 1st quarter. Empowered Funds LLC now owns 286,375 shares of the textile maker’s stock valued at $7,933,000 after acquiring an additional 10,411 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of G-III Apparel Group during the first quarter worth approximately $932,000. Edgestream Partners L.P. bought a new stake in shares of G-III Apparel Group during the first quarter valued at approximately $5,756,000. Quantinno Capital Management LP grew its stake in shares of G-III Apparel Group by 16.8% during the first quarter. Quantinno Capital Management LP now owns 16,690 shares of the textile maker’s stock valued at $462,000 after purchasing an additional 2,399 shares during the last quarter. Finally, Hound Partners LLC increased its holdings in shares of G-III Apparel Group by 3.4% in the first quarter. Hound Partners LLC now owns 115,853 shares of the textile maker’s stock valued at $3,209,000 after purchasing an additional 3,849 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

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.