G-III Apparel Group (NASDAQ:GIII) Rating Lowered to Strong Sell at Zacks Research

Zacks Research downgraded shares of G-III Apparel Group (NASDAQ:GIII) from a hold rating to a strong sell rating in a report issued on Monday morning,Zacks.com reports.

GIII has been the topic of several other research reports. KeyCorp boosted their target price on shares of G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Wall Street Zen downgraded shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 14th. Telsey Advisory Group restated a “market perform” rating and issued a $30.00 target price (up previously from $27.00) on shares of G-III Apparel Group in a research note on Tuesday, September 2nd. UBS Group reduced their target price on shares of G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, June 9th. Finally, Barclays boosted their target price on shares of G-III Apparel Group from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, G-III Apparel Group currently has an average rating of “Hold” and an average target price of $29.60.

G-III Apparel Group Price Performance

GIII opened at $26.69 on Monday. G-III Apparel Group has a fifty-two week low of $20.33 and a fifty-two week high of $36.18. The firm’s fifty day moving average price is $25.01 and its two-hundred day moving average price is $25.33. The company has a market capitalization of $1.13 billion, a P/E ratio of 6.61 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The firm had revenue of $613.27 million for the quarter, compared to the consensus estimate of $568.67 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. The business’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. On average, equities research analysts expect that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Insider Activity

In other G-III Apparel Group news, Director Amigo Victor Herrero purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The stock was acquired at an average cost of $21.95 per share, with a total value of $109,750.00. Following the completion of the acquisition, the director directly owned 54,746 shares of the company’s stock, valued at $1,201,674.70. This represents a 10.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.00% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Lido Advisors LLC raised its holdings in G-III Apparel Group by 2.0% during the 2nd quarter. Lido Advisors LLC now owns 20,594 shares of the textile maker’s stock worth $461,000 after purchasing an additional 395 shares during the last quarter. SummerHaven Investment Management LLC raised its holdings in G-III Apparel Group by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 29,853 shares of the textile maker’s stock worth $816,000 after purchasing an additional 461 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in G-III Apparel Group by 5.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,781 shares of the textile maker’s stock worth $219,000 after purchasing an additional 539 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in G-III Apparel Group by 18.6% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker’s stock worth $117,000 after purchasing an additional 564 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in G-III Apparel Group by 3.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the textile maker’s stock worth $435,000 after purchasing an additional 592 shares during the last quarter. 92.13% of the stock is owned by institutional investors.

About G-III Apparel Group

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.