G-III Apparel Group (NASDAQ:GIII) Receives “Market Perform” Rating from Telsey Advisory Group

G-III Apparel Group (NASDAQ:GIII)‘s stock had its “market perform” rating reaffirmed by stock analysts at Telsey Advisory Group in a research note issued to investors on Monday,Benzinga reports. They currently have a $34.00 price objective on the textile maker’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 16.22% from the company’s current price.

A number of other research firms also recently commented on GIII. UBS Group dropped their price target on G-III Apparel Group from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday, March 3rd. BTIG Research raised their target price on shares of G-III Apparel Group from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. KeyCorp restated an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a report on Friday, January 9th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $30.80.

G-III Apparel Group Trading Down 0.6%

Shares of NASDAQ:GIII traded down $0.19 during trading on Monday, reaching $29.25. 435,667 shares of the stock were exchanged, compared to its average volume of 406,921. The firm has a market cap of $1.23 billion, a PE ratio of 8.76 and a beta of 1.29. The stock has a 50-day moving average price of $30.00 and a 200-day moving average price of $28.72. G-III Apparel Group has a 12 month low of $20.33 and a 12 month high of $34.83.

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

Hedge Funds Weigh In On G-III Apparel Group

A number of hedge funds have recently modified their holdings of GIII. Intech Investment Management LLC raised its holdings in G-III Apparel Group by 6.1% during the 2nd quarter. Intech Investment Management LLC now owns 48,866 shares of the textile maker’s stock valued at $1,095,000 after acquiring an additional 2,790 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of G-III Apparel Group by 62.8% in the third quarter. Exchange Traded Concepts LLC now owns 86,477 shares of the textile maker’s stock worth $2,301,000 after acquiring an additional 33,365 shares during the period. LSV Asset Management grew its position in shares of G-III Apparel Group by 34.7% in the third quarter. LSV Asset Management now owns 1,144,233 shares of the textile maker’s stock valued at $30,448,000 after purchasing an additional 294,732 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of G-III Apparel Group in the third quarter valued at $5,878,000. Finally, Cerity Partners LLC bought a new stake in shares of G-III Apparel Group during the 2nd quarter valued at $9,313,000. 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.