UBS Group Cuts G-III Apparel Group (NASDAQ:GIII) Price Target to $30.00

G-III Apparel Group (NASDAQ:GIII) had its price target cut by investment analysts at UBS Group from $32.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the textile maker’s stock. UBS Group’s price objective would suggest a potential downside of 0.89% from the stock’s current price.

A number of other equities research analysts have also commented on the stock. Telsey Advisory Group set a $34.00 price objective on shares of G-III Apparel Group in a report on Wednesday, December 10th. BTIG Research lifted their price target 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. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Friday, January 9th. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Finally, KeyCorp reissued an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $30.80.

G-III Apparel Group Price Performance

Shares of G-III Apparel Group stock traded down $0.29 during trading hours on Tuesday, hitting $30.27. The company’s stock had a trading volume of 203,624 shares, compared to its average volume of 402,530. The company has a market capitalization of $1.28 billion, a PE ratio of 9.09 and a beta of 1.29. The stock has a 50 day moving average of $30.01 and a 200 day moving average of $28.60. G-III Apparel Group has a 12 month low of $20.33 and a 12 month high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Tuesday, December 9th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.29. The business had revenue of $988.65 million during the quarter, compared to analyst estimates of $1.01 billion. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.G-III Apparel Group’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.59 EPS. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Equities analysts expect that G-III Apparel Group will post 4.16 EPS for the current year.

Hedge Funds Weigh In On G-III Apparel Group

A number of hedge funds and other institutional investors have recently made changes to their positions in GIII. GAMMA Investing LLC raised its holdings in G-III Apparel Group by 107.7% during 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 period. EverSource Wealth Advisors LLC raised its stake in shares of G-III Apparel Group by 105.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 591 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in G-III Apparel Group during the 4th quarter worth about $34,000. Federated Hermes Inc. bought a new position in G-III Apparel Group in the 3rd quarter worth about $40,000. Finally, Parallel Advisors LLC grew its holdings in G-III Apparel Group by 231.9% during the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after buying an additional 1,243 shares in the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

G-III Apparel Group Company Profile

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.