G-III Apparel Group (NASDAQ:GIII) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded G-III Apparel Group to “Buy” from “Hold.” Analyst views remain mixed, but the stock has a consensus “Moderate Buy” rating and an average price target of $34.50.
• G-III reported quarterly EPS of $0.26, exceeding the $0.23 consensus estimate, although revenue fell 9.7% year over year to $554.1 million and missed expectations.
• Institutional investors hold 92.13% of the company’s shares. Several firms increased their positions recently, while analysts continue to weigh the growth potential of Marc Jacobs against revenue pressure and execution risks.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday, Wall Street Zen reports.

Other research analysts have also issued research reports about the stock. Zacks Research lowered shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Telsey Advisory Group decreased their price objective 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. BTIG Research reissued a "buy" rating and issued a $40.00 price objective on shares of G-III Apparel Group in a research report on Wednesday. KeyCorp reissued an "overweight" rating and issued a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Finally, Weiss Ratings upgraded shares of G-III Apparel Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.50.

G-III Apparel Group Stock Up 1.9%

GIII stock opened at $27.74 on Friday. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 9.13 and a beta of 1.27. The business has a fifty day simple moving average of $34.13 and a 200-day simple moving average of $31.83. G-III Apparel Group has a 52 week low of $24.61 and a 52 week high of $37.54.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. G-III Apparel Group had a return on equity of 5.55% and a net margin of 4.75%.The firm had revenue of $554.09 million for the quarter, compared to analysts' expectations of $570.37 million. During the same quarter last year, the firm earned $0.25 earnings per share. The firm's revenue for the quarter was down 9.7% compared to the same quarter last year. 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, analysts expect that G-III Apparel Group will post 2.25 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GIII. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in G-III Apparel Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker's stock valued at $635,000 after purchasing an additional 1,018 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in G-III Apparel Group by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,197 shares of the textile maker's stock worth $2,193,000 after buying an additional 6,062 shares during the period. Intech Investment Management LLC increased its stake in G-III Apparel Group by 14.1% during the 1st quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker's stock worth $1,260,000 after buying an additional 5,685 shares during the period. Strs Ohio acquired a new position in G-III Apparel Group in the 1st quarter worth $77,000. Finally, First Trust Advisors LP lifted its holdings in G-III Apparel Group by 15.7% in the 2nd quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker's stock worth $3,460,000 after buying an additional 20,984 shares in the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about G-III Apparel Group

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

• Positive Sentiment: Marc Jacobs provides a major growth opportunity. G-III’s acquisition of the luxury brand expands its owned-brand portfolio, and Marc Jacobs is expected to eventually generate approximately $1 billion in annual revenue. The strategy could improve brand control, margins and long-term growth. G-III Apparel's Strategic Transformation Gains Steam With Marc Jacobs
• Positive Sentiment: Earnings and profitability showed resilience. Second-quarter EPS exceeded expectations, supported by gross-margin expansion, cost controls and stronger performance from owned brands. The company also raised its earnings outlook, reinforcing the view that the strategic transition is improving underlying profitability. G-III Apparel Q2 Fiscal 2027 EPS Rises
• Positive Sentiment: BTIG reaffirmed its Buy rating and $40 price target, indicating substantial potential upside and confidence in G-III’s brand transformation. BTIG rating update
• Neutral Sentiment: Analyst views remain divided. Coverage highlights attractive owned-brand growth and margin gains, but characterizes the risk-reward profile as balanced while Marc Jacobs integration and execution are tested. G-III Apparel Group: Lots Of Moving Factors
• Negative Sentiment: Revenue remains under pressure. Second-quarter sales declined roughly 10% year over year and missed estimates, while the loss of key PVH licenses and European weakness are weighing on headline results. Q3 guidance was viewed as disappointing. G-III Apparel Mixed Q2 Read-Across
• Negative Sentiment: Execution and cash-flow risks limit enthusiasm. Analysts cited declining cash-flow trends, continued wholesale exposure and uncertainty surrounding Marc Jacobs. Telsey lowered its price target from $38 to $32 and changed its rating to Market Perform. Telsey Advisory Group rating update

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.

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