G-III Apparel Group, LTD. (NASDAQ:GIII) Receives Consensus Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts give G-III Apparel Group a “Moderate Buy” consensus rating, split between three buy ratings and three holds. The average 12-month price target is $34.50, above the stock’s reported $27.89 opening price.
• In its latest quarter, G-III reported adjusted EPS of $0.26, beating estimates of $0.23, while revenue fell 9.7% year over year to $554.09 million, below expectations.
• The company declared a quarterly dividend of $0.10 per share, equivalent to a $0.40 annualized payout and a 1.4% yield; institutional investors own 92.13% of outstanding shares.

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Get Free Report) have been given an average rating of "Moderate Buy" by the six brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $34.50.

A number of research firms recently issued reports on GIII. BTIG Research reissued a "buy" rating and issued a $40.00 price objective on shares of G-III Apparel Group in a report on Wednesday, September 2nd. KeyCorp reaffirmed an "overweight" rating and set a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Telsey Advisory Group decreased their price target on shares of G-III Apparel Group from $38.00 to $32.00 and set a "market perform" rating on the stock in a research report on Thursday, September 3rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of G-III Apparel Group in a research note on Friday, September 4th. Finally, Zacks Research downgraded shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th.

G-III Apparel Group Trading Up 0.8%

Shares of GIII stock opened at $27.89 on Friday. G-III Apparel Group has a 12-month low of $24.61 and a 12-month high of $37.54. The firm's 50 day moving average is $33.56 and its 200 day moving average is $31.71. The stock has a market capitalization of $1.20 billion, a P/E ratio of 9.17 and a beta of 1.27.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $0.26 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $570.37 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. G-III Apparel Group'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, equities analysts predict that G-III Apparel Group will post 2.25 earnings per share for the current year.

G-III Apparel Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 15th. This represents a $0.40 annualized dividend and a yield of 1.4%. G-III Apparel Group's payout ratio is 13.16%.

Institutional Trading of G-III Apparel Group

Several hedge funds have recently bought and sold shares of the stock. Nykredit A S purchased a new stake in shares of G-III Apparel Group in the second quarter worth $33,000. Raymond James Financial Inc. purchased a new position in shares of G-III Apparel Group in the 2nd quarter worth $41,000. Allworth Financial LP purchased a new stake in G-III Apparel Group during the second quarter valued at approximately $50,000. Parallel Advisors LLC raised its holdings in G-III Apparel Group by 231.9% during the 4th 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 period. Finally, Strs Ohio bought a new stake in G-III Apparel Group in the first quarter worth about $77,000. 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, and related products. Its offerings include women's and men's clothing, handbags, footwear, outerwear, and other fashion products sold through department stores, specialty retailers, brand stores, and e-commerce channels.

The company owns and operates brands including DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin, and develops products under a portfolio of licensed brands.

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