G-III Apparel Group (NASDAQ:GIII) Raised to Hold at Zacks Research

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

A number of other equities analysts also recently weighed in on the stock. BTIG Research restated a “buy” rating and set a $34.00 target price on shares of G-III Apparel Group in a report on Wednesday, March 18th. UBS Group decreased their price objective on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a research note on Monday, March 9th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $29.00.

G-III Apparel Group Trading Down 0.8%

Shares of GIII stock opened at $29.43 on Tuesday. G-III Apparel Group has a 1 year low of $20.33 and a 1 year high of $34.83. The firm’s fifty day moving average price is $29.15 and its two-hundred day moving average price is $29.41. The firm has a market capitalization of $1.24 billion, a P/E ratio of 19.62 and a beta of 1.30.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 6.70% and a net margin of 2.28%.The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 EPS. 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, equities research analysts forecast that G-III Apparel Group will post 2.07 EPS for the current fiscal year.

Institutional Investors Weigh In On G-III Apparel Group

Several hedge funds have recently bought and sold shares of the company. Sei Investments Co. boosted its position in G-III Apparel Group by 99.8% during the first quarter. Sei Investments Co. now owns 24,511 shares of the textile maker’s stock worth $679,000 after purchasing an additional 12,242 shares during the period. State of Wyoming boosted its position in G-III Apparel Group by 139.4% during the first quarter. State of Wyoming now owns 11,532 shares of the textile maker’s stock worth $319,000 after purchasing an additional 6,715 shares during the period. First Trust Advisors LP boosted its position in G-III Apparel Group by 1.2% during the first quarter. First Trust Advisors LP now owns 158,845 shares of the textile maker’s stock worth $4,400,000 after purchasing an additional 1,816 shares during the period. Quantedge Capital Pte Ltd boosted its position in G-III Apparel Group by 1.8% during the first quarter. Quantedge Capital Pte Ltd now owns 228,516 shares of the textile maker’s stock worth $6,330,000 after purchasing an additional 4,100 shares during the period. Finally, Illinois Municipal Retirement Fund boosted its position in G-III Apparel Group by 2.5% during the first quarter. Illinois Municipal Retirement Fund now owns 19,758 shares of the textile maker’s stock worth $547,000 after purchasing an additional 482 shares during the period. 92.13% of the stock is currently owned by institutional investors and hedge funds.

G-III Apparel Group Company Profile

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.