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

Key Points

• G-III Apparel Group has been rated a consensus "Hold" by brokerages, with two sell, two buy, and two hold recommendations among analysts.
• Institutional investors significantly increased their holdings in G-III Apparel Group, with GAMMA Investing LLC raising its stake by an astonishing 3,366.6%.
• In its recent quarterly report, G-III Apparel Group posted an EPS of $0.25, exceeding analysts' expectations, but reported a year-over-year revenue decline of 4.9%.

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Get Free Report) have received a consensus rating of "Hold" from the six ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have 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 12-month price target among brokerages that have updated their coverage on the stock in the last year is $29.60.

GIII has been the topic of several research analyst reports. Wall Street Zen downgraded G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 14th. KeyCorp lifted their target price on shares of G-III Apparel Group from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Zacks Research lowered shares of G-III Apparel Group from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. UBS Group cut their price objective 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. Finally, Barclays raised their target price on G-III Apparel Group from $18.00 to $21.00 and gave the company an "underweight" rating in a research report on Friday, September 5th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its holdings in G-III Apparel Group by 3,366.6% in the first quarter. GAMMA Investing LLC now owns 23,330 shares of the textile maker's stock valued at $638,000 after acquiring an additional 22,657 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of G-III Apparel Group in the 1st quarter valued at $334,000. Nuveen LLC purchased a new position in shares of G-III Apparel Group during the 1st quarter worth $11,614,000. CX Institutional acquired a new stake in shares of G-III Apparel Group during the 1st quarter worth about $2,571,000. Finally, Janney Montgomery Scott LLC raised its holdings in G-III Apparel Group by 5.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker's stock valued at $454,000 after buying an additional 861 shares during the period. Hedge funds and other institutional investors own 92.13% of the company's stock.

G-III Apparel Group Trading Up 2.4%

G-III Apparel Group stock opened at $27.35 on Friday. G-III Apparel Group has a 12-month low of $20.33 and a 12-month high of $36.18. The firm has a market capitalization of $1.15 billion, a price-to-earnings ratio of 6.77 and a beta of 1.49. The firm has a 50 day moving average of $25.82 and a 200 day moving average of $25.37.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.15. The company had revenue of $613.27 million during the quarter, compared to analyst estimates of $568.67 million. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The firm's revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 earnings per share. 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. On average, 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.

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