G-III Apparel Group, LTD. (NASDAQ:GIII) Stock Now Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts maintain a “Hold” consensus on G-III Apparel Group, with four hold ratings and two buys; the average 12-month price target is $34.75.
• G-III reported quarterly EPS of $0.26, exceeding estimates of $0.23, but revenue fell 9.7% year over year to $554.1 million, below expectations.
• CEO Morris Goldfarb purchased 40,000 shares for approximately $1.12 million, while institutional investors own 92.13% of the company; the stock recently traded at $26.95.

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

A number of equities research analysts have weighed in on GIII shares. BTIG Research reaffirmed a "buy" rating and set a $40.00 target price on shares of G-III Apparel Group in a research report on Wednesday, September 2nd. Weiss Ratings downgraded G-III Apparel Group from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, September 24th. Wall Street Zen lowered G-III Apparel Group from a "buy" rating to a "hold" rating in a research note on Sunday, September 13th. Zacks Research downgraded G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 14th. Finally, Telsey Advisory Group lowered 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, September 3rd.

Insider Activity at G-III Apparel Group

In other G-III Apparel Group news, CEO Morris Goldfarb purchased 40,000 shares of the stock in a transaction dated Monday, September 14th. The stock was 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 of the company's stock, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 15.00% of the company's stock.

Institutional Trading of G-III Apparel Group

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its position in G-III Apparel Group by 104.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,809 shares of the textile maker's stock valued at $49,000 after acquiring an additional 923 shares in the last quarter. Engineers Gate Manager LP increased its holdings in shares of G-III Apparel Group by 330.4% in the 2nd quarter. Engineers Gate Manager LP now owns 84,169 shares of the textile maker's stock valued at $2,837,000 after acquiring an additional 64,615 shares during the period. Baird Financial Group Inc. raised its position in shares of G-III Apparel Group by 8.5% in the 2nd quarter. Baird Financial Group Inc. now owns 266,791 shares of the textile maker's stock worth $8,994,000 after acquiring an additional 20,848 shares in the last quarter. Nykredit A S bought a new position in shares of G-III Apparel Group in the 2nd quarter worth $33,000. Finally, Amundi purchased a new stake in shares of G-III Apparel Group during the 2nd quarter worth $344,000. Hedge funds and other institutional investors own 92.13% of the company's stock.

G-III Apparel Group Price Performance

G-III Apparel Group stock opened at $26.95 on Thursday. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 8.87 and a beta of 1.28. The firm has a 50-day moving average of $30.80 and a two-hundred day moving average of $31.52. G-III Apparel Group has a 1 year low of $24.61 and a 1 year 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 EPS for the quarter, topping 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 analyst estimates of $570.37 million. During the same period last year, the company posted $0.25 earnings per share. The company's quarterly revenue 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. Research analysts expect that G-III Apparel Group will post 2.25 earnings per share for the current year.

G-III Apparel Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.5%. G-III Apparel Group's dividend payout ratio (DPR) is 13.16%.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. is a New York-based apparel and fashion company that designs, sources and markets clothing, footwear, handbags and other accessories. Its product portfolio spans women's, men's and children's apparel, including sportswear, dresses, outerwear, tailored clothing and performance-oriented products.

The company develops and markets products under a portfolio of owned and licensed brands. Its owned brands include DKNY, Donna Karan and Karl Lagerfeld, while its broader business has also included licensed and private-label products created for retail partners.

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