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

G-III Apparel Group (NASDAQ:GIII) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the company. UBS Group dropped their price objective on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Weiss Ratings raised G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. KeyCorp reaffirmed an “overweight” rating and set a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. BTIG Research raised their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $38.00 price objective (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.00.

G-III Apparel Group Price Performance

Shares of GIII stock opened at $34.86 on Monday. G-III Apparel Group has a 1-year low of $21.05 and a 1-year high of $36.53. The stock’s 50-day moving average is $31.29 and its 200 day moving average is $30.14. The company has a market cap of $1.47 billion, a P/E ratio of 12.32 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The company had revenue of $535.96 million for the quarter, compared to the consensus estimate of $529.07 million. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. On average, analysts anticipate that G-III Apparel Group will post 2.23 EPS for the current year.

Institutional Investors Weigh In On G-III Apparel Group

A number of institutional investors and hedge funds have recently modified their holdings of GIII. GAMMA Investing LLC lifted its holdings in shares of G-III Apparel Group by 107.7% during the fourth quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock worth $27,000 after purchasing an additional 488 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 purchasing an additional 591 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of G-III Apparel Group during the fourth quarter worth about $34,000. Raymond James Financial Inc. acquired a new stake in shares of G-III Apparel Group during the second quarter worth about $41,000. Finally, Parallel Advisors LLC lifted its holdings in shares of G-III Apparel Group by 231.9% during the fourth quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock worth $52,000 after purchasing an additional 1,243 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.