G-III Apparel Group, LTD. (GIII) – What Are Researchers Saying About This Stock?

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have earned an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $34.75.

Several research analysts recently weighed in on GIII shares. Telsey Advisory Group decreased their price objective 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. BTIG Research reiterated 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. Zacks Research cut shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Weiss Ratings lowered shares of G-III Apparel Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, October 26th. Finally, Wall Street Zen lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Sunday, September 13th.

G-III Apparel Group Price Performance

G-III Apparel Group stock opened at $31.41 on Monday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 10.33 and a beta of 1.29. The business has a 50-day simple moving average of $28.64 and a 200 day simple moving average of $30.89. G-III Apparel Group has a 52 week low of $24.61 and a 52 week high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. The firm had revenue of $554.09 million for the quarter, compared to analysts’ expectations of $570.37 million. G-III Apparel Group had a return on equity of 5.53% and a net margin of 4.75%. The company’s revenue was down 9.7% compared to the same quarter last year. During the same quarter last year, the firm posted $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, research analysts anticipate that G-III Apparel Group will post 2.25 earnings per share for the current year.

G-III Apparel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 15th. G-III Apparel Group’s payout ratio is currently 13.16%.

Insider Transactions at G-III Apparel Group

In related news, CEO Morris Goldfarb bought 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 14th. The stock was bought at an average cost of $27.94 per share, for a total transaction of $1,117,600.00. Following the completion of the transaction, the chief executive officer owned 4,527,675 shares of the company’s stock, valued at approximately $126,503,239.50. The trade was a 0.89% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 15.00% of the company’s stock.

Institutional Investors Weigh In On G-III Apparel Group

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in G-III Apparel Group during the 2nd quarter valued at about $232,832,000. Bank of America Corp DE bought a new stake in G-III Apparel Group during the 2nd quarter valued at about $14,963,000. Empowered Funds LLC increased its stake in G-III Apparel Group by 3.8% during the 1st quarter. Empowered Funds LLC now owns 286,375 shares of the textile maker’s stock valued at $7,933,000 after purchasing an additional 10,411 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in G-III Apparel Group in the second quarter worth about $9,113,000. Finally, Baird Financial Group Inc. raised its holdings in G-III Apparel Group by 8.5% in the second quarter. Baird Financial Group Inc. now owns 266,791 shares of the textile maker’s stock worth $8,994,000 after buying an additional 20,848 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. is a global fashion company that designs, sources, and markets apparel, accessories, footwear, handbags, and related products for women, men, and children. Its portfolio includes owned brands such as DKNY, Donna Karan, and Karl Lagerfeld, along with products developed under licensing and strategic brand relationships.

The company distributes its products through department stores, specialty retailers, mass-market retailers, company-operated stores, and e-commerce channels.