G-III Apparel Group (NASDAQ:GIII) Price Target Lowered to $32.00 at Telsey Advisory Group

Key Points

• Telsey Advisory Group lowered G-III Apparel Group’s price target from $38 to $32 while maintaining a “market perform” rating. The new target implies approximately 12.4% upside from the prior close, and analysts’ consensus remains “Hold” with a $31.80 target.
• G-III exceeded quarterly EPS expectations, reporting $0.26 versus the $0.23 consensus, but revenue fell 9.7% year over year to $554.1 million and missed estimates. Shares opened at $28.47, down 11.5%.
• Near-term guidance pressured the outlook: third-quarter EPS guidance of $1.35–$1.45 was well below the $1.73 consensus, while projected revenue also trailed estimates. The company completed its Marc Jacobs acquisition, which management views as a long-term growth opportunity but expects to be slightly dilutive in fiscal 2027.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) had its price objective lowered by equities research analysts at Telsey Advisory Group from $38.00 to $32.00 in a report released on Thursday, Briefing.com reports. The firm currently has a "market perform" rating on the textile maker's stock. Telsey Advisory Group's target price would suggest a potential upside of 12.40% from the company's previous close.

Several other analysts have also recently weighed in on the company. Wall Street Zen cut G-III Apparel Group from a "buy" rating to a "hold" rating in a report on Saturday, August 15th. KeyCorp restated an "overweight" rating and issued a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Weiss Ratings raised shares of G-III Apparel Group from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, June 9th. Zacks Research lowered shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Finally, BTIG Research boosted their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, G-III Apparel Group has a consensus rating of "Hold" and a consensus target price of $31.80.

G-III Apparel Group Stock Down 11.5%

Shares of NASDAQ GIII opened at $28.47 on Thursday. The business has a 50-day simple moving average of $34.38 and a two-hundred day simple moving average of $31.88. G-III Apparel Group has a 52 week low of $24.61 and a 52 week high of $37.54. The company has a market cap of $1.20 billion, a P/E ratio of 10.06 and a beta of 1.27.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The company had revenue of $554.09 million during the quarter, compared to analysts' expectations of $570.37 million. During the same quarter in the previous year, the company earned $0.25 earnings per share. G-III Apparel Group'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. Equities research analysts anticipate that G-III Apparel Group will post 2.24 EPS for the current year.

Institutional Investors Weigh In On G-III Apparel Group

Institutional investors have recently made changes to their positions in the business. Nykredit A S bought a new position in shares of G-III Apparel Group during the 2nd quarter valued at $33,000. Raymond James Financial Inc. purchased a new stake in G-III Apparel Group during the second quarter valued at about $41,000. Allworth Financial LP purchased a new stake in G-III Apparel Group during the second quarter valued at about $50,000. Parallel Advisors LLC grew its stake in shares of G-III Apparel Group by 231.9% during the fourth quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker's stock valued at $52,000 after buying an additional 1,243 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of G-III Apparel Group during the first quarter valued at about $77,000. Hedge funds and other institutional investors own 92.13% of the company's stock.

G-III Apparel Group News Summary

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: G-III reported second-quarter fiscal 2027 GAAP EPS of $0.46, up from $0.25 a year earlier and above the approximately $0.23 analyst consensus. Non-GAAP EPS was $0.26, also slightly ahead of estimates. G-III fiscal 2027 second-quarter results
• Positive Sentiment: Gross margin expanded 440 basis points to 45.2%, helped by pricing actions and a greater mix of higher-margin owned brands. Management said its go-forward portfolio grew at a high-single-digit rate.
• Positive Sentiment: G-III and WHP Global completed the acquisition of Marc Jacobs from LVMH. The company views the brand as a major long-term growth opportunity and is targeting approximately $1 billion in annual revenue from the business. Marc Jacobs acquisition completion
• Neutral Sentiment: Fiscal 2027 non-GAAP EPS guidance was set at $2.20–$2.30, broadly in line with the $2.23 consensus. However, the outlook excludes Marc Jacobs, which management expects to be slightly dilutive during fiscal 2027 before becoming accretive later.
• Positive Sentiment: G-III ended the quarter with $529.2 million in cash, up from $301.8 million, while inventory declined 13% year over year. The company also returned $12.2 million through share repurchases and dividends.
• Negative Sentiment: Second-quarter sales fell 10% year over year to $554.1 million, missing the $570.4 million consensus. Fiscal 2027 sales are expected to be approximately $2.71 billion, down from $2.96 billion, partly reflecting the loss of about $460 million in Calvin Klein and Tommy Hilfiger product sales.
• Negative Sentiment: Third-quarter EPS guidance of $1.35–$1.45 is well below the $1.73 consensus, while projected revenue of roughly $870 million trails the $897.8 million estimate. The company also expects third-quarter sales and earnings to decline from the prior year, making the near-term outlook the primary pressure on GIII.

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.

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