G-III Apparel Group, LTD. (NASDAQ:GIII) Stock Has Average Target Price of $34.75 According to Analysts

Key Points

• Analysts maintain a cautious outlook: Six firms have a consensus “Hold” rating on G-III Apparel Group, with an average 12-month price target of $34.75 versus the stock’s $30.28 opening price.
• Recent financial results were mixed: Quarterly EPS of $0.26 exceeded estimates of $0.23, but revenue fell 9.7% year over year to $554.09 million and missed consensus expectations.
• Insider and institutional ownership remain significant: CEO Morris Goldfarb purchased 40,000 shares, while institutional investors own 92.13% of the company; G-III also pays a quarterly dividend of $0.10 per share, yielding about 1.3%.

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Get Free Report) have received a consensus recommendation of "Hold" from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $34.75.

Several brokerages recently issued reports on GIII. Weiss Ratings downgraded shares of G-III Apparel Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, October 26th. Telsey Advisory Group lowered their target price on shares of G-III Apparel Group from $38.00 to $32.00 and set a "market perform" rating on the stock in a report on Thursday, September 3rd. UBS Group reiterated a "neutral" rating and issued a $27.00 price objective (up from $26.00) on shares of G-III Apparel Group in a research note on Friday, October 2nd. Wall Street Zen lowered G-III Apparel Group from a "buy" rating to a "hold" rating in a research report on Sunday, September 13th. Finally, 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.

Insider Activity

In other G-III Apparel Group news, CEO Morris Goldfarb bought 40,000 shares of the firm's stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average price of $27.94 per share, with a total value of $1,117,600.00. Following the completion of the transaction, the chief executive officer owned 4,527,675 shares in the company, valued at approximately $126,503,239.50. This trade represents a 0.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 15.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Summit Global Investments raised its holdings in G-III Apparel Group by 11.8% during the third quarter. Summit Global Investments now owns 8,915 shares of the textile maker's stock worth $242,000 after purchasing an additional 944 shares during the last quarter. State of Wyoming increased its holdings in shares of G-III Apparel Group by 78.7% during the third quarter. State of Wyoming now owns 4,228 shares of the textile maker's stock worth $115,000 after buying an additional 1,862 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in shares of G-III Apparel Group by 62.7% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 994 shares of the textile maker's stock valued at $27,000 after purchasing an additional 383 shares during the last quarter. Signaturefd LLC raised its stake in shares of G-III Apparel Group by 81.7% during the third quarter. Signaturefd LLC now owns 3,473 shares of the textile maker's stock valued at $94,000 after acquiring an additional 1,562 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in G-III Apparel Group by 21.9% in the 3rd quarter. Sterling Capital Management LLC now owns 11,827 shares of the textile maker's stock worth $321,000 after purchasing an additional 2,125 shares during the period. Hedge funds and other institutional investors own 92.13% of the company's stock.

G-III Apparel Group Stock Performance

GIII stock opened at $30.28 on Monday. G-III Apparel Group has a 1 year low of $24.61 and a 1 year high of $37.54. The firm has a market cap of $1.30 billion, a PE ratio of 9.96 and a beta of 1.29. The company has a fifty day simple moving average of $28.81 and a 200 day simple moving average of $30.84.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced 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 net margin of 4.75% and a return on equity of 5.53%. The business had revenue of $554.09 million for the quarter, compared to the consensus estimate of $570.37 million. During the same period last year, the firm posted $0.25 earnings per share. G-III Apparel Group's quarterly revenue 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, analysts forecast that G-III Apparel Group will post 2.25 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.10 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.40 annualized dividend and a yield of 1.3%. G-III Apparel Group's payout ratio is presently 13.16%.

G-III Apparel Group Company Profile

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.

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