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

G-III Apparel Group (NASDAQ:GIII) had its target price reduced by UBS Group from $30.00 to $26.00 in a report published on Tuesday morning,Benzinga reports. UBS Group currently has a neutral rating on the textile maker’s stock.

Several other research analysts have also issued reports on the stock. KeyCorp reiterated an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. BTIG Research restated a “buy” rating on shares of G-III Apparel Group in a research report on Thursday, March 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, G-III Apparel Group has an average rating of “Hold” and a consensus price target of $29.00.

G-III Apparel Group Trading Up 3.8%

GIII stock opened at $27.05 on Tuesday. The company’s 50 day moving average is $29.59 and its 200 day moving average is $28.73. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 18.03 and a beta of 1.29. G-III Apparel Group has a 1-year low of $20.33 and a 1-year high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate 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 net margin of 2.28% and a return on equity of 6.73%. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 earnings per share. 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, sell-side analysts forecast that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 23rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. G-III Apparel Group’s dividend payout ratio (DPR) is currently 26.67%.

Institutional Trading of G-III Apparel Group

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its position in G-III Apparel Group by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,936,957 shares of the textile maker’s stock valued at $78,153,000 after buying an additional 15,500 shares during the period. American Century Companies Inc. grew its stake 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 valued at $46,041,000 after buying an additional 57,440 shares during the last quarter. Norges Bank purchased a new position in shares of G-III Apparel Group in the fourth quarter worth about $36,200,000. LSV Asset Management increased its holdings in shares of 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 worth $35,837,000 after buying an additional 93,236 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of G-III Apparel Group by 30.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock valued at $28,054,000 after acquiring an additional 247,245 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. 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.