G-III Apparel Group, LTD. (NASDAQ:GIII) Receives Average Recommendation of “Hold” from Brokerages

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $29.00.

Several research firms have commented on GIII. Zacks Research lowered shares of G-III Apparel Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Telsey Advisory Group restated a “market perform” rating and issued a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a research note on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a report on Friday, January 9th. KeyCorp reaffirmed an “overweight” rating and set a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Finally, UBS Group dropped their price target on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a report on Tuesday, March 17th.

Hedge Funds Weigh In On G-III Apparel Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hsbc Holdings PLC increased its holdings in G-III Apparel Group by 46.2% during the fourth quarter. Hsbc Holdings PLC now owns 128,096 shares of the textile maker’s stock worth $3,756,000 after buying an additional 40,485 shares during the last quarter. Corient Private Wealth LLC purchased a new position in G-III Apparel Group in the fourth quarter valued at about $425,000. DGS Capital Management LLC purchased a new position in G-III Apparel Group in the fourth quarter valued at about $202,000. Mercer Global Advisors Inc. ADV grew its position in shares of G-III Apparel Group by 18.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,408 shares of the textile maker’s stock valued at $417,000 after acquiring an additional 2,248 shares during the period. Finally, Summit Global Investments bought a new position in shares of G-III Apparel Group during the 4th quarter valued at approximately $231,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

G-III Apparel Group Price Performance

GIII opened at $26.89 on Friday. G-III Apparel Group has a 1 year low of $20.33 and a 1 year high of $34.83. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 17.93 and a beta of 1.29. The firm’s fifty day moving average price is $29.29 and its two-hundred day moving average price is $28.73.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.29). G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The firm had revenue of $771.49 million during the quarter, compared to analysts’ expectations of $791.98 million. During the same quarter in the prior year, the company earned $1.27 EPS. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. 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 analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current year.

G-III Apparel Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 23rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.40 annualized dividend and a dividend yield of 1.5%. G-III Apparel Group’s dividend payout ratio (DPR) is currently 26.67%.

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.