G-III Apparel Group (NASDAQ:GIII) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

G-III Apparel Group, LTD. (NASDAQ:GIII) shares crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $30.85 and traded as high as $31.48. G-III Apparel Group shares last traded at $31.43, with a volume of 454,557 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on GIII shares. Weiss Ratings cut G-III Apparel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, October 26th. Telsey Advisory Group cut their target price on shares of G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, September 3rd. Wall Street Zen downgraded G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Sunday, September 13th. BTIG Research restated a “buy” rating and set a $40.00 price objective on shares of G-III Apparel Group in a research note on Wednesday, September 2nd. Finally, Zacks Research downgraded shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $34.75.

G-III Apparel Group Trading Up 5.7%

The company has a market cap of $1.42 billion, a PE ratio of 10.90 and a beta of 1.29. The business has a fifty day moving average of $28.71 and a 200-day moving average of $30.87.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a return on equity of 5.53% and a net margin of 4.75%. The company had revenue of $554.09 million for the quarter, compared to analysts’ expectations of $570.37 million. During the same period in the prior year, the firm earned $0.25 earnings per share. The firm’s revenue for the quarter was down 9.7% on a year-over-year basis. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. As a group, research analysts predict that G-III Apparel Group, LTD. will post 2.25 EPS for the current year.

G-III Apparel Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, September 15th. G-III Apparel Group’s payout ratio is currently 13.16%.

Insider Transactions at G-III Apparel Group

In related news, CEO Morris Goldfarb bought 40,000 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were purchased at an average price of $27.94 per share, with a total value of $1,117,600.00. Following the transaction, the chief executive officer owned 4,527,675 shares in the company, valued at $126,503,239.50. This trade represents a 0.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 15.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On G-III Apparel Group

Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of G-III Apparel Group in the 2nd quarter worth about $232,832,000. Bank of America Corp DE purchased a new stake in G-III Apparel Group during the second quarter valued at $14,963,000. Bank of New York Mellon Corp bought a new position in shares of G-III Apparel Group in the second quarter worth about $9,113,000. Empowered Funds LLC acquired a new stake in G-III Apparel Group in the second quarter valued at approximately $7,094,000. Finally, Edgestream Partners L.P. purchased a new stake in G-III Apparel Group in the first quarter valued at $5,756,000. Institutional investors own 92.13% of the company’s stock.

About G-III Apparel Group

G-III Apparel Group, Ltd. is a global fashion company that designs, sources, and markets apparel, accessories, footwear, handbags, and related products for women, men, and children. Its portfolio includes owned brands such as DKNY, Donna Karan, and Karl Lagerfeld, along with products developed under licensing and strategic brand relationships.

The company distributes its products through department stores, specialty retailers, mass-market retailers, company-operated stores, and e-commerce channels.