G-III Apparel Group, LTD. (NASDAQ:GIII) Receives $27.80 Average PT from Brokerages

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have been assigned a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $29.60.

GIII has been the subject of several research analyst reports. Barclays increased their target price on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a research note on Friday. KeyCorp increased their target price on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $30.00 target price (up previously from $27.00) on shares of G-III Apparel Group in a research note on Tuesday. UBS Group lowered their target price on shares of G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, June 9th. Finally, Wall Street Zen lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 14th.

G-III Apparel Group Trading Down 6.0%

G-III Apparel Group stock opened at $25.96 on Wednesday. G-III Apparel Group has a 12-month low of $20.33 and a 12-month high of $36.18. The stock has a market cap of $1.12 billion, a P/E ratio of 6.43 and a beta of 1.49. The company has a 50-day moving average price of $24.78 and a 200 day moving average price of $25.37.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.15. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.59%. The firm had revenue of $613.27 million during the quarter, compared to analysts’ expectations of $568.67 million. During the same period last year, the business earned $0.52 earnings per share. G-III Apparel Group’s revenue was down 4.9% compared to the same quarter last year. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS. As a group, analysts forecast that G-III Apparel Group will post 4.16 EPS for the current year.

Insiders Place Their Bets

In related news, Director Amigo Victor Herrero acquired 5,000 shares of the business’s stock in a transaction on Tuesday, June 24th. The shares were bought at an average price of $21.95 per share, with a total value of $109,750.00. Following the completion of the acquisition, the director owned 54,746 shares in the company, valued at $1,201,674.70. This trade represents a 10.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On G-III Apparel Group

Several institutional investors have recently made changes to their positions in GIII. Millennium Management LLC boosted its position in shares of G-III Apparel Group by 139.3% during the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker’s stock worth $26,070,000 after purchasing an additional 554,933 shares in the last quarter. Norges Bank purchased a new stake in shares of G-III Apparel Group during the 2nd quarter worth $10,366,000. Nuveen LLC purchased a new stake in shares of G-III Apparel Group during the 1st quarter worth $11,614,000. Cerity Partners LLC purchased a new stake in shares of G-III Apparel Group during the 2nd quarter worth $9,313,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of G-III Apparel Group during the 2nd quarter worth $7,546,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.