G-III Apparel Group’s (GIII) Buy Rating Reaffirmed at BTIG Research

BTIG Research reaffirmed their buy rating on shares of G-III Apparel Group (NASDAQ:GIII) in a research report sent to investors on Wednesday morning,Benzinga reports. BTIG Research currently has a $40.00 price objective on the textile maker’s stock.

A number of other equities research analysts have also recently weighed in on GIII. Zacks Research cut shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings raised G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. KeyCorp reiterated an “overweight” rating and set a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Telsey Advisory Group reduced their target price on G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating for the company in a report on Thursday. Finally, Wall Street Zen cut G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 15th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, G-III Apparel Group currently has an average rating of “Hold” and an average target price of $31.80.

G-III Apparel Group Stock Down 11.5%

Shares of GIII opened at $28.47 on Wednesday. The stock has a 50 day moving average price of $34.38 and a 200 day moving average price of $31.88. The company has a market capitalization of $1.20 billion, a price-to-earnings ratio of 10.06 and a beta of 1.27. G-III Apparel Group has a 52-week low of $24.61 and a 52-week high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data 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 net margin of 4.34% and a return on equity of 5.59%. The business had revenue of $554.09 million during the quarter, compared to the consensus estimate of $570.37 million. During the same quarter in the previous year, the firm earned $0.25 EPS. 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. On average, equities analysts anticipate that G-III Apparel Group will post 2.24 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

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 issued a $0.10 dividend. 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 dividend payout ratio is presently 14.13%.

Hedge Funds Weigh In On G-III Apparel Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nykredit A S acquired a new position in G-III Apparel Group in the 2nd quarter valued at about $33,000. Allworth Financial LP acquired a new stake in G-III Apparel Group during the 2nd quarter worth approximately $50,000. Parallel Advisors LLC grew its stake in shares of G-III Apparel Group by 231.9% in the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 1,243 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of G-III Apparel Group in the second quarter valued at approximately $41,000. Finally, State of Wyoming purchased a new stake in shares of G-III Apparel Group during the second quarter worth approximately $80,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group News Roundup

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: G-III reported second-quarter fiscal 2027 GAAP EPS of $0.46, up from $0.25 a year earlier and above the approximately $0.23 analyst consensus. Non-GAAP EPS was $0.26, also slightly ahead of estimates. G-III fiscal 2027 second-quarter results
• Positive Sentiment: Gross margin expanded 440 basis points to 45.2%, helped by pricing actions and a greater mix of higher-margin owned brands. Management said its go-forward portfolio grew at a high-single-digit rate.
• Positive Sentiment: G-III and WHP Global completed the acquisition of Marc Jacobs from LVMH. The company views the brand as a major long-term growth opportunity and is targeting approximately $1 billion in annual revenue from the business. Marc Jacobs acquisition completion
• Neutral Sentiment: Fiscal 2027 non-GAAP EPS guidance was set at $2.20–$2.30, broadly in line with the $2.23 consensus. However, the outlook excludes Marc Jacobs, which management expects to be slightly dilutive during fiscal 2027 before becoming accretive later.
• Positive Sentiment: G-III ended the quarter with $529.2 million in cash, up from $301.8 million, while inventory declined 13% year over year. The company also returned $12.2 million through share repurchases and dividends.
• Negative Sentiment: Second-quarter sales fell 10% year over year to $554.1 million, missing the $570.4 million consensus. Fiscal 2027 sales are expected to be approximately $2.71 billion, down from $2.96 billion, partly reflecting the loss of about $460 million in Calvin Klein and Tommy Hilfiger product sales.
• Negative Sentiment: Third-quarter EPS guidance of $1.35–$1.45 is well below the $1.73 consensus, while projected revenue of roughly $870 million trails the $897.8 million estimate. The company also expects third-quarter sales and earnings to decline from the prior year, making the near-term outlook the primary pressure on GIII.

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.