G-III Apparel Group, LTD. (NASDAQ:GIII) Receives $31.20 Average PT from Analysts

G-III Apparel Group, LTD. (NASDAQ:GIII) has earned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $31.20.

GIII has been the subject of several recent research reports. Zacks Research upgraded shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Telsey Advisory Group set a $34.00 price objective on shares of G-III Apparel Group in a research note on Wednesday, December 10th. UBS Group set a $32.00 target price on G-III Apparel Group and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. BTIG Research upped their price target on G-III Apparel Group from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th.

G-III Apparel Group Stock Up 2.1%

Shares of GIII stock opened at $29.98 on Friday. G-III Apparel Group has a twelve month low of $20.33 and a twelve month high of $34.83. The stock’s fifty day simple moving average is $29.89 and its 200 day simple moving average is $27.69. The firm has a market capitalization of $1.26 billion, a P/E ratio of 9.00 and a beta of 1.31.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.29. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The firm had revenue of $988.65 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the firm posted $2.59 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. As a group, equities research analysts expect that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, December 15th. This represents a $0.40 annualized dividend and a yield of 1.3%. G-III Apparel Group’s dividend payout ratio (DPR) is presently 12.01%.

Institutional Investors Weigh In On G-III Apparel Group

Institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in 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 buying an additional 488 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in G-III Apparel Group by 105.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock worth $31,000 after acquiring an additional 591 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of G-III Apparel Group in the 4th quarter worth about $34,000. Federated Hermes Inc. acquired a new position in shares of G-III Apparel Group in the 3rd quarter valued at about $40,000. Finally, Raymond James Financial Inc. bought a new stake in shares of G-III Apparel Group during the 2nd quarter valued at about $41,000. 92.13% of the stock is owned by institutional investors.

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.