Telsey Advisory Group Reaffirms Market Perform Rating for G-III Apparel Group (NASDAQ:GIII)

G-III Apparel Group (NASDAQ:GIII)‘s stock had its “market perform” rating reaffirmed by investment analysts at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They currently have a $38.00 price objective on the textile maker’s stock. Telsey Advisory Group’s price target suggests a potential upside of 12.86% from the company’s current price. Telsey Advisory Group also issued estimates for G-III Apparel Group’s Q3 2026 earnings at $2.70 EPS and Q4 2026 earnings at $0.89 EPS.

Other research analysts have also recently issued reports about the company. Guggenheim raised their target price on G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Barclays increased their price objective on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday, December 11th. KeyCorp lifted their target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Finally, StockNews.com raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.17.

G-III Apparel Group Stock Performance

NASDAQ:GIII opened at $33.67 on Wednesday. The firm’s 50-day moving average is $31.45 and its 200-day moving average is $28.96. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 8.84 and a beta of 2.14. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 2.63. G-III Apparel Group has a 52-week low of $20.66 and a 52-week high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.33. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $2.78 earnings per share. Equities research analysts anticipate that G-III Apparel Group will post 4.15 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Morris Goldfarb sold 100,000 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $31.59, for a total transaction of $3,159,000.00. Following the sale, the chief executive officer now directly owns 3,990,085 shares in the company, valued at $126,046,785.15. This represents a 2.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 12.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of G-III Apparel Group by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker’s stock worth $91,396,000 after purchasing an additional 151,425 shares during the last quarter. American Century Companies Inc. lifted its position in G-III Apparel Group by 15.6% during the 2nd quarter. American Century Companies Inc. now owns 1,147,175 shares of the textile maker’s stock worth $31,054,000 after buying an additional 155,079 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in G-III Apparel Group by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker’s stock worth $31,624,000 after acquiring an additional 6,598 shares during the last quarter. Geode Capital Management LLC increased its position in G-III Apparel Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock valued at $29,833,000 after acquiring an additional 11,196 shares in the last quarter. Finally, LSV Asset Management increased its position in G-III Apparel Group by 0.6% in the 2nd quarter. LSV Asset Management now owns 851,683 shares of the textile maker’s stock valued at $23,055,000 after acquiring an additional 5,200 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.