G-III Apparel Group, LTD. (NASDAQ:GIII) Given Consensus Recommendation of “Hold” by Analysts

G-III Apparel Group, LTD. (NASDAQ:GIII) has earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $29.00.

Several analysts have weighed in on GIII shares. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Friday, January 9th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $29.00 price target (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. UBS Group lowered their price objective on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. KeyCorp reissued an “overweight” rating and set a $35.00 price objective (up from $33.00) on shares of G-III Apparel Group in a report on Wednesday, December 10th. Finally, BTIG Research reissued a “buy” rating and issued a $34.00 target price on shares of G-III Apparel Group in a research report on Wednesday, March 18th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of GIII. Intech Investment Management LLC increased its holdings in G-III Apparel Group by 6.1% in the 2nd quarter. Intech Investment Management LLC now owns 48,866 shares of the textile maker’s stock worth $1,095,000 after buying an additional 2,790 shares during the period. Exchange Traded Concepts LLC lifted its stake in G-III Apparel Group by 62.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 86,477 shares of the textile maker’s stock valued at $2,301,000 after acquiring an additional 33,365 shares during the period. LSV Asset Management boosted its holdings in shares of G-III Apparel Group by 34.7% in the 3rd quarter. LSV Asset Management now owns 1,144,233 shares of the textile maker’s stock valued at $30,448,000 after acquiring an additional 294,732 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of G-III Apparel Group in the third quarter worth $5,878,000. Finally, Cerity Partners LLC acquired a new stake in shares of G-III Apparel Group in the second quarter worth $9,313,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Stock Performance

G-III Apparel Group stock opened at $26.55 on Friday. The stock has a 50-day moving average of $29.22 and a two-hundred day moving average of $28.74. G-III Apparel Group has a one year low of $20.33 and a one year high of $34.83. The stock has a market cap of $1.12 billion, a PE ratio of 17.70 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The business had revenue of $771.49 million for the quarter, compared to analysts’ expectations of $791.98 million. During the same quarter in the previous year, the firm posted $1.27 EPS. G-III Apparel Group’s revenue 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, sell-side analysts predict that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 23rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. G-III Apparel Group’s dividend payout ratio is currently 26.67%.

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.