G-III Apparel Group (NASDAQ:GIII) Stock Rating Lowered by Zacks Research

G-III Apparel Group (NASDAQ:GIII) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research firms have also weighed in on GIII. Telsey Advisory Group reissued a “market perform” rating and set a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. BTIG Research reaffirmed a “buy” rating and set a $34.00 price target on shares of G-III Apparel Group in a research note on Wednesday. KeyCorp reiterated an “overweight” rating and set a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Finally, UBS Group decreased their price objective on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $29.00.

G-III Apparel Group Trading Up 1.1%

G-III Apparel Group stock opened at $26.05 on Tuesday. The stock has a 50-day moving average price of $29.66 and a two-hundred day moving average price of $28.74. G-III Apparel Group has a 12 month low of $20.33 and a 12 month high of $34.83. The company has a market capitalization of $1.10 billion, a PE ratio of 17.37 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.29). G-III Apparel Group had a return on equity of 6.73% and a net margin of 2.28%.The firm had revenue of $771.49 million for the quarter, compared to the consensus estimate of $791.98 million. During the same quarter last year, the firm posted $1.27 earnings per share. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. 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. As a group, analysts predict that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of G-III Apparel Group by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,936,957 shares of the textile maker’s stock valued at $78,153,000 after purchasing an additional 15,500 shares during the last quarter. American Century Companies Inc. increased its position in shares of G-III Apparel Group by 3.4% during the third quarter. American Century Companies Inc. now owns 1,730,216 shares of the textile maker’s stock worth $46,041,000 after buying an additional 57,440 shares during the period. Norges Bank bought a new position in G-III Apparel Group during the fourth quarter worth $36,200,000. LSV Asset Management lifted its holdings in G-III Apparel Group by 8.1% in the fourth quarter. LSV Asset Management now owns 1,237,469 shares of the textile maker’s stock valued at $35,837,000 after buying an additional 93,236 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in G-III Apparel Group by 30.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock valued at $28,054,000 after buying an additional 247,245 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

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.