G-III Apparel Group, LTD. (NASDAQ:GIII) Receives $31.20 Average Price Target from Brokerages

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $31.20.

Several research analysts recently commented on the company. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. BTIG Research raised their price objective on G-III Apparel Group from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. KeyCorp reissued an “overweight” rating and set a $35.00 target price (up previously from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Tuesday, October 14th. Finally, UBS Group set a $32.00 price objective on shares of G-III Apparel Group and gave the stock a “neutral” rating in a research note on Wednesday, December 10th.

G-III Apparel Group Stock Performance

GIII stock opened at $30.31 on Tuesday. The firm has a fifty day moving average price of $29.31 and a 200 day moving average price of $26.89. G-III Apparel Group has a fifty-two week low of $20.33 and a fifty-two week high of $34.83. The firm has a market cap of $1.28 billion, a PE ratio of 9.10 and a beta of 1.28.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the business earned $2.59 earnings per share. G-III Apparel Group’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, equities analysts predict that G-III Apparel Group will post 4.16 EPS for the current year.

G-III Apparel Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, December 15th. G-III Apparel Group’s dividend payout ratio is presently 12.01%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of GIII. Wealth Enhancement Advisory Services LLC grew its stake in shares of G-III Apparel Group by 31.2% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 16,239 shares of the textile maker’s stock valued at $487,000 after buying an additional 3,861 shares during the last quarter. GAMMA Investing LLC grew its position in G-III Apparel Group by 107.7% in the 4th quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 488 shares during the last quarter. Cambria Investment Management L.P. grew its position in G-III Apparel Group by 21.3% in the 3rd quarter. Cambria Investment Management L.P. now owns 30,951 shares of the textile maker’s stock valued at $824,000 after acquiring an additional 5,444 shares during the last quarter. Tweedy Browne Co LLC purchased a new stake in G-III Apparel Group in the third quarter worth $862,000. Finally, Morningstar Investment Management LLC bought a new stake in shares of G-III Apparel Group during the third quarter worth $802,000. Hedge funds and other 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.