G-III Apparel Group, LTD. (NASDAQ:GIII) Stock Has Average Target Price of $34.75 According to Analysts

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have received a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $34.75.

A number of research firms have recently weighed in on GIII. BTIG Research restated a “buy” rating and set a $40.00 target price on shares of G-III Apparel Group in a research report on Wednesday, September 2nd. Weiss Ratings upgraded G-III Apparel Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 9th. Wall Street Zen downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. Telsey Advisory Group cut their target price on shares of G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday, September 3rd. Finally, Zacks Research lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th.

G-III Apparel Group Price Performance

Shares of G-III Apparel Group stock opened at $27.50 on Thursday. The firm has a 50 day simple moving average of $29.87 and a 200 day simple moving average of $31.53. G-III Apparel Group has a fifty-two week low of $24.61 and a fifty-two week high of $37.54. The firm has a market cap of $1.18 billion, a P/E ratio of 9.05 and a beta of 1.28.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. The firm had revenue of $554.09 million for the quarter, compared to the consensus estimate of $570.37 million. G-III Apparel Group had a return on equity of 5.53% and a net margin of 4.75%. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. On average, sell-side analysts expect that G-III Apparel Group will post 2.25 EPS for the current year.

G-III Apparel Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, September 15th. G-III Apparel Group’s payout ratio is 13.16%.

Insiders Place Their Bets

In other G-III Apparel Group news, CEO Morris Goldfarb acquired 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average cost of $27.94 per share, for a total transaction of $1,117,600.00. Following the completion of the acquisition, the chief executive officer directly owned 4,527,675 shares of the company’s stock, valued at approximately $126,503,239.50. This represents a 0.89% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.00% of the stock is owned by corporate insiders.

Institutional Trading of G-III Apparel Group

A number of institutional investors have recently bought and sold shares of GIII. Illinois Municipal Retirement Fund increased its stake in G-III Apparel Group by 2.5% in the first quarter. Illinois Municipal Retirement Fund now owns 19,758 shares of the textile maker’s stock valued at $547,000 after purchasing an additional 482 shares in the last quarter. CoreCap Advisors LLC raised its holdings in G-III Apparel Group by 21.9% in the third quarter. CoreCap Advisors LLC now owns 3,267 shares of the textile maker’s stock worth $89,000 after purchasing an additional 588 shares during the period. Versant Capital Management Inc raised its holdings in G-III Apparel Group by 104.2% in the third quarter. Versant Capital Management Inc now owns 1,809 shares of the textile maker’s stock worth $49,000 after purchasing an additional 923 shares during the period. Nykredit A S acquired a new stake in G-III Apparel Group in the second quarter worth $33,000. Finally, DGS Capital Management LLC boosted its position in shares of G-III Apparel Group by 19.6% during the first quarter. DGS Capital Management LLC now owns 8,326 shares of the textile maker’s stock worth $231,000 after purchasing an additional 1,366 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

About G-III Apparel Group

G-III Apparel Group, Ltd. is a New York-based apparel and fashion company that designs, sources and markets clothing, footwear, handbags and other accessories. Its product portfolio spans women’s, men’s and children’s apparel, including sportswear, dresses, outerwear, tailored clothing and performance-oriented products.

The company develops and markets products under a portfolio of owned and licensed brands. Its owned brands include DKNY, Donna Karan and Karl Lagerfeld, while its broader business has also included licensed and private-label products created for retail partners.