G-III Apparel Group (NASDAQ:GIII) Price Target Raised to $34.00

G-III Apparel Group (NASDAQ:GIII) had its price objective hoisted by BTIG Research from $32.00 to $34.00 in a research note published on Tuesday, Marketbeat reports. The firm currently has a buy rating on the textile maker’s stock.

GIII has been the subject of several other research reports. Zacks Research raised shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. KeyCorp lifted their target price on G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Tuesday, October 14th. UBS Group reaffirmed a “neutral” rating and set a $28.00 price target (up previously from $26.00) on shares of G-III Apparel Group in a research report on Thursday, December 4th. Finally, Barclays boosted their price objective on G-III Apparel Group from $18.00 to $21.00 and gave the company an “underweight” rating in a research report on Friday, September 5th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.20.

G-III Apparel Group Trading Down 2.2%

G-III Apparel Group stock opened at $30.80 on Tuesday. The firm has a market capitalization of $1.30 billion, a P/E ratio of 9.25 and a beta of 1.30. The business has a 50-day moving average of $28.09 and a 200-day moving average of $26.10. G-III Apparel Group has a 1 year low of $20.33 and a 1 year high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.30. The business had revenue of $988.65 million for the quarter, compared to the consensus estimate of $1.01 billion. G-III Apparel Group had a net margin of 4.89% and a return on equity of 9.37%. G-III Apparel Group’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the company posted $2.59 EPS. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Research analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $0.40 annualized dividend and a yield of 1.3%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Byrne Asset Management LLC bought a new stake in G-III Apparel Group during the second quarter worth $28,000. EverSource Wealth Advisors LLC increased its position in G-III Apparel Group by 105.2% during the third quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock worth $31,000 after buying an additional 591 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in G-III Apparel Group by 5,154.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock worth $32,000 after buying an additional 1,134 shares during the last quarter. Federated Hermes Inc. bought a new stake in G-III Apparel Group in the third quarter valued at approximately $40,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of G-III Apparel Group in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

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.