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

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

A number of equities analysts have recently weighed in on the stock. Wall Street Zen cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. BTIG Research increased their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 5th. Weiss Ratings upgraded shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. KeyCorp reissued an “overweight” rating and set a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Finally, Zacks Research lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th.

G-III Apparel Group Trading Up 1.8%

Shares of GIII stock opened at $33.78 on Wednesday. The stock has a 50 day simple moving average of $34.67 and a 200-day simple moving average of $31.74. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 11.94 and a beta of 1.28. G-III Apparel Group has a 12-month low of $24.61 and a 12-month high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results 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. The firm had revenue of $535.96 million for the quarter, compared to the consensus estimate of $529.07 million. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. 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, equities analysts forecast that G-III Apparel Group will post 2.24 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 15th. G-III Apparel Group’s dividend payout ratio (DPR) is presently 14.13%.

Institutional Investors Weigh In On G-III Apparel Group

A number of institutional investors and hedge funds have recently modified their holdings of GIII. Nykredit A S acquired a new position in G-III Apparel Group during the second quarter worth $33,000. Allworth Financial LP purchased a new stake in G-III Apparel Group during the second quarter worth $50,000. 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 valued at $52,000 after purchasing an additional 1,243 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in G-III Apparel Group in the second quarter valued at $41,000. Finally, State of Wyoming acquired a new stake in G-III Apparel Group in the second quarter valued at $80,000. 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.