UBS Group Lowers G-III Apparel Group (NASDAQ:GIII) Price Target to $26.00

G-III Apparel Group (NASDAQ:GIII) had its price objective decreased by equities research analysts at UBS Group from $30.00 to $26.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price indicates a potential upside of 0.44% from the company’s previous close.

Other research analysts have also recently issued research reports about the company. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Friday, January 9th. KeyCorp reaffirmed an “overweight” rating and set a $35.00 price objective (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. BTIG Research reiterated a “buy” rating on shares of G-III Apparel Group in a research note on Thursday. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $29.00.

G-III Apparel Group Stock Performance

Shares of GIII stock traded up $0.15 during trading on Tuesday, hitting $25.89. The company had a trading volume of 194,143 shares, compared to its average volume of 484,370. The firm has a market capitalization of $1.09 billion, a P/E ratio of 17.39 and a beta of 1.29. G-III Apparel Group has a one year low of $20.33 and a one year high of $34.83. The stock’s 50-day moving average price is $29.81 and its 200 day moving average price is $28.77.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). The company had revenue of $771.49 million for the quarter, compared to the consensus estimate of $791.98 million. G-III Apparel Group had a return on equity of 6.73% and a net margin of 2.28%.G-III Apparel Group’s revenue was down 8.1% on a year-over-year basis. During the same quarter last year, the business earned $1.27 EPS. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. On average, research analysts anticipate that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Institutional Trading of G-III Apparel Group

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new stake in G-III Apparel Group during the 4th quarter valued at approximately $36,200,000. Medina Value Partners LLC raised its position in shares of G-III Apparel Group by 1,099.7% in the 3rd quarter. Medina Value Partners LLC now owns 682,090 shares of the textile maker’s stock worth $18,150,000 after acquiring an additional 625,237 shares in the last quarter. Cerity Partners LLC purchased a new position in shares of G-III Apparel Group in the 2nd quarter valued at approximately $9,313,000. Hound Partners LLC lifted its stake in shares of G-III Apparel Group by 280.0% in the 3rd quarter. Hound Partners LLC now owns 478,909 shares of the textile maker’s stock valued at $12,744,000 after purchasing an additional 352,869 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of G-III Apparel Group during the second quarter valued at approximately $7,546,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

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.