G-III Apparel Group, LTD. (NASDAQ:GIII) Receives $34.50 Average PT from Analysts

G-III Apparel Group, LTD. (NASDAQ:GIII) has earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $34.50.

A number of equities analysts have weighed in on GIII shares. KeyCorp restated an “overweight” rating and issued a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Wall Street Zen lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Sunday. BTIG Research reissued a “buy” rating and set a $40.00 target price on shares of G-III Apparel Group in a research report on Wednesday, September 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of G-III Apparel Group in a research note on Friday, September 4th. Finally, Zacks Research lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th.

Insider Activity at G-III Apparel Group

In other G-III Apparel Group news, CEO Morris Goldfarb purchased 40,000 shares of G-III Apparel Group stock in a transaction that occurred on Monday, September 14th. The stock was purchased at an average price of $27.94 per share, with a total value of $1,117,600.00. Following the completion of the acquisition, the chief executive officer owned 4,527,675 shares of the company’s stock, valued at approximately $126,503,239.50. This trade represents a 0.89% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 15.00% of the company’s stock.

Hedge Funds Weigh In On G-III Apparel Group

Institutional investors have recently made changes to their positions in the business. Illinois Municipal Retirement Fund increased its holdings in G-III Apparel Group by 2.5% in the first quarter. Illinois Municipal Retirement Fund now owns 19,758 shares of the textile maker’s stock valued at $547,000 after buying an additional 482 shares during the last quarter. Nykredit A S acquired a new position in shares of G-III Apparel Group in the 2nd quarter worth approximately $33,000. DGS Capital Management LLC increased its holdings in shares of G-III Apparel Group by 19.6% in the 1st quarter. DGS Capital Management LLC now owns 8,326 shares of the textile maker’s stock valued at $231,000 after acquiring an additional 1,366 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of G-III Apparel Group during the 2nd quarter valued at approximately $50,000. Finally, Evolve Private Wealth LLC lifted its stake in G-III Apparel Group by 8.4% during the first quarter. Evolve Private Wealth LLC now owns 22,812 shares of the textile maker’s stock worth $632,000 after purchasing an additional 1,765 shares during the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group Price Performance

NASDAQ:GIII opened at $27.76 on Friday. The business’s 50-day moving average is $33.32 and its two-hundred day moving average is $31.67. The firm has a market capitalization of $1.19 billion, a PE ratio of 9.13 and a beta of 1.27. G-III Apparel Group has a 12 month low of $24.61 and a 12 month high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a return on equity of 5.53% and a net margin of 4.75%.The company had revenue of $554.09 million during the quarter, compared to the consensus estimate of $570.37 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. The company’s revenue was down 9.7% compared to the same quarter last year. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. Equities analysts anticipate that G-III Apparel Group will post 2.25 EPS for the current year.

G-III Apparel Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. G-III Apparel Group’s payout ratio is presently 13.16%.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. is a global fashion company that designs, sources, and markets apparel, accessories, footwear, and related products. Its offerings include women’s and men’s clothing, handbags, footwear, outerwear, and other fashion products sold through department stores, specialty retailers, brand stores, and e-commerce channels.

The company owns and operates brands including DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin, and develops products under a portfolio of licensed brands.