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

Key Points

• Brokerage sentiment is cautious: G-III Apparel Group has a consensus rating of “Hold” from seven analysts, with two sells, three holds, and two buys. The average 12-month price target is $29.00.
• Latest earnings disappointed: The company reported $0.30 EPS versus expectations of $0.59, and revenue of $771.49 million fell short of forecasts and was down 8.1% year over year. G-III also issued Q1 2027 and FY 2027 EPS guidance.
• Stock and ownership remain stable: Shares opened at $31.77, above the consensus target, while institutional investors still own 92.13% of the stock. The company also paid a quarterly dividend of $0.10 per share, equal to a 1.3% annualized yield.

G-III Apparel Group, LTD. (NASDAQ:GIII - Get Free Report) has been given an average recommendation of "Hold" by the seven research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $29.00.

A number of research firms recently commented on GIII. Telsey Advisory Group reaffirmed a "market perform" rating and set a $29.00 price target (down from $34.00) on shares of G-III Apparel Group in a research note on Monday, March 9th. BTIG Research reaffirmed a "buy" rating and set a $34.00 price target on shares of G-III Apparel Group in a research note on Wednesday, March 18th. UBS Group dropped their price target on shares of G-III Apparel Group from $30.00 to $26.00 and set a "neutral" rating for the company in a research note on Tuesday, March 17th. Finally, Zacks Research cut shares of G-III Apparel Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 17th.

G-III Apparel Group Stock Performance

NASDAQ GIII opened at $31.77 on Monday. The company has a market cap of $1.34 billion, a P/E ratio of 21.18 and a beta of 1.30. The business's 50 day moving average price is $29.21 and its 200-day moving average price is $29.34. G-III Apparel Group has a fifty-two week low of $20.33 and a fifty-two week high of $34.83.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.29). The company had revenue of $771.49 million for the quarter, compared to the consensus estimate of $791.98 million. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The business's revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. G-III Apparel Group has set its Q1 2027 guidance at -0.400--0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. As a group, equities analysts predict that G-III Apparel Group will post 2.07 EPS for the current year.

G-III Apparel Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 23rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, March 23rd. G-III Apparel Group's dividend payout ratio (DPR) is currently 26.67%.

Institutional Investors Weigh In On G-III Apparel Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royce & Associates LP lifted its stake in shares of G-III Apparel Group by 0.8% during the 3rd quarter. Royce & Associates LP now owns 42,421 shares of the textile maker's stock worth $1,129,000 after acquiring an additional 348 shares during the last quarter. Amalgamated Bank increased its stake in G-III Apparel Group by 3.4% in the 3rd quarter. Amalgamated Bank now owns 11,247 shares of the textile maker's stock worth $299,000 after buying an additional 375 shares during the period. Illinois Municipal Retirement Fund increased its stake in G-III Apparel Group by 2.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 19,758 shares of the textile maker's stock worth $547,000 after buying an additional 482 shares during the period. GAMMA Investing LLC increased its stake in G-III Apparel Group by 107.7% in the 4th quarter. GAMMA Investing LLC now owns 941 shares of the textile maker's stock worth $27,000 after buying an additional 488 shares during the period. Finally, SG Americas Securities LLC increased its stake in G-III Apparel Group by 2.8% in the 4th quarter. SG Americas Securities LLC now owns 20,970 shares of the textile maker's stock worth $607,000 after buying an additional 570 shares during the period. 92.13% of the stock is owned by institutional investors.

About G-III Apparel Group

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women's and men's apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies' apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company's product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.

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