G-III Apparel Group (NASDAQ:GIII) Issues Earnings Results

G-III Apparel Group (NASDAQ:GIII) posted its earnings results on Tuesday. The textile maker reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.27, FiscalAI reports. The firm had revenue of $988.65 million for the quarter, compared to analyst estimates of $1.01 billion. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%. G-III Apparel Group updated its FY 2026 guidance to 2.800-2.900 EPS.

G-III Apparel Group Stock Down 2.3%

NASDAQ:GIII opened at $29.67 on Tuesday. The company has a market cap of $1.25 billion, a PE ratio of 7.34 and a beta of 1.30. G-III Apparel Group has a 52 week low of $20.33 and a 52 week high of $36.18. The business’s 50 day moving average is $27.84 and its two-hundred day moving average is $26.01.

Analysts Set New Price Targets

GIII has been the subject of several analyst reports. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. KeyCorp lifted their target price on G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. UBS Group restated a “neutral” rating and issued a $28.00 price objective (up previously from $26.00) on shares of G-III Apparel Group in a research report on Thursday. BTIG Research began coverage on shares of G-III Apparel Group in a research note on Tuesday, October 14th. They issued a “buy” rating and a $32.00 price objective for the company. Finally, Telsey Advisory Group restated a “market perform” rating and set a $30.00 target price on shares of G-III Apparel Group in a research report on Wednesday, December 3rd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $30.33.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of G-III Apparel Group in the second quarter valued at $41,000. Strs Ohio acquired a new position in G-III Apparel Group in the 1st quarter valued at approximately $77,000. Headlands Technologies LLC purchased a new stake in G-III Apparel Group in the 2nd quarter worth approximately $109,000. Tower Research Capital LLC TRC boosted its stake in shares of G-III Apparel Group by 852.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 12,150 shares of the textile maker’s stock valued at $272,000 after buying an additional 10,875 shares during the period. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of G-III Apparel Group during the 3rd quarter valued at $324,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

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.