G-III Apparel Group, LTD. (NASDAQ:GIII) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• G-III Apparel Group has an average analyst rating of "Hold", with two buy ratings, two hold ratings, and one sell rating from five analysts.
• The company recently reported earnings of $0.19 per share, exceeding analysts' expectations by $0.06, though revenue for the quarter declined by 4.3% compared to the previous year.
• Insiders own 13.00% of the stock, and Director Amigo Victor Herrero recently purchased 5,000 shares, boosting their ownership by 10.05%.

G-III Apparel Group, LTD. (NASDAQ:GIII - Get Free Report) has received a consensus rating of "Hold" from the five analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $29.60.

GIII has been the subject of several recent research reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $30.00 price objective (up previously from $27.00) on shares of G-III Apparel Group in a research note on Tuesday. KeyCorp upped their price objective on G-III Apparel Group from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday. Barclays increased their price objective on G-III Apparel Group from $18.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday. Wall Street Zen downgraded G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday, June 14th. Finally, UBS Group dropped their price target on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, June 9th.

Insider Buying and Selling

In other news, Director Amigo Victor Herrero bought 5,000 shares of G-III Apparel Group stock in a transaction on Tuesday, June 24th. The shares were bought at an average price of $21.95 per share, with a total value of $109,750.00. Following the acquisition, the director directly owned 54,746 shares in the company, valued at approximately $1,201,674.70. This represents a 10.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.00% of the company's stock.

Institutional Trading of G-III Apparel Group

Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its position in shares of G-III Apparel Group by 139.3% during the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker's stock valued at $26,070,000 after purchasing an additional 554,933 shares during the period. Norges Bank acquired a new stake in G-III Apparel Group during the second quarter valued at $10,366,000. Nuveen LLC bought a new position in G-III Apparel Group during the first quarter valued at about $11,614,000. Cerity Partners LLC bought a new position in G-III Apparel Group during the second quarter valued at about $9,313,000. Finally, Balyasny Asset Management L.P. bought a new position in G-III Apparel Group during the second quarter valued at about $7,546,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

G-III Apparel Group Trading Down 6.0%

GIII stock traded down $1.67 during midday trading on Wednesday, reaching $25.96. The stock had a trading volume of 1,154,002 shares, compared to its average volume of 631,918. The company's fifty day simple moving average is $24.70 and its 200 day simple moving average is $25.39. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 6.01 and a beta of 1.49. G-III Apparel Group has a 52-week low of $20.33 and a 52-week high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.15. The business had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. G-III Apparel Group had a return on equity of 12.65% and a net margin of 6.20%.The company's revenue for the quarter was down 4.9% on a year-over-year basis. During the same period last year, the company earned $0.52 EPS. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS. Sell-side analysts predict that G-III Apparel Group will post 4.16 EPS for the current year.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.