G-III Apparel Group, LTD. (NASDAQ:GIII) Receives $33.00 Average PT from Brokerages

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $33.00.

Several equities analysts recently issued reports on the company. Weiss Ratings upgraded G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Wall Street Zen upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 20th. BTIG Research raised their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Zacks Research downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a research note on Monday, June 8th.

G-III Apparel Group Stock Down 0.8%

NASDAQ GIII opened at $36.50 on Friday. G-III Apparel Group has a twelve month low of $23.01 and a twelve month high of $37.00. The company’s 50-day simple moving average is $33.98 and its 200 day simple moving average is $31.09. The stock has a market cap of $1.54 billion, a P/E ratio of 12.90 and a beta of 1.28.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Friday, June 5th. The textile maker reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The business had revenue of $535.96 million for the quarter, compared to analyst estimates of $529.07 million. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.G-III Apparel Group’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 EPS. 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. Research analysts anticipate that G-III Apparel Group will post 2.24 earnings per share for the current year.

G-III Apparel Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Monday, June 22nd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Monday, June 22nd. G-III Apparel Group’s dividend payout ratio (DPR) is 14.13%.

Institutional Trading of G-III Apparel Group

A number of hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC increased its holdings in shares of G-III Apparel Group by 107.7% in the 4th quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock worth $27,000 after purchasing an additional 488 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in G-III Apparel Group during the 4th quarter valued at about $34,000. Raymond James Financial Inc. purchased a new stake in shares of G-III Apparel Group in the 2nd quarter worth approximately $41,000. Parallel Advisors LLC grew its holdings in G-III Apparel Group by 231.9% in 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 last quarter. Finally, Strs Ohio purchased a new stake in shares of G-III Apparel Group during the first quarter valued at $77,000. 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.