G-III Apparel Group (NASDAQ:GIII) Given Hold (C+) Rating at Weiss Ratings

Key Points

• G-III Apparel Group's stock received a "hold (C+)" rating from Weiss Ratings, indicating a neutral outlook from analysts.
• Barclays and KeyCorp both adjusted their price targets for G-III Apparel Group, with Barclays raising it to $21.00 and KeyCorp to $33.00, suggesting a divergence in analyst sentiment.
• The company reported earnings of $0.25 per share, exceeding estimates, but revenue decreased by 4.9% compared to the previous year.

G-III Apparel Group (NASDAQ:GIII - Get Free Report)'s stock had its "hold (c+)" rating restated by equities researchers at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

Several other brokerages have also commented on GIII. Barclays upped their price objective on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an "underweight" rating in a 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 report on Monday, September 8th. Telsey Advisory Group restated a "market perform" rating and issued a $30.00 price objective (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Finally, KeyCorp upped their price objective on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $29.60.

G-III Apparel Group Price Performance

GIII traded up $0.45 during trading on Tuesday, hitting $26.05. 124,987 shares of the stock traded hands, compared to its average volume of 620,577. The firm has a market capitalization of $1.10 billion, a P/E ratio of 6.45 and a beta of 1.58. The firm has a 50-day moving average of $26.43 and a 200 day moving average of $25.34. G-III Apparel Group has a 12-month low of $20.33 and a 12-month high of $36.18.

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 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.15. The business had revenue of $613.27 million during the quarter, compared to analysts' expectations of $568.67 million. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The firm's revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $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. As a group, equities analysts predict that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Institutional Trading of G-III Apparel Group

Institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in G-III Apparel Group by 3,366.6% during the 1st quarter. GAMMA Investing LLC now owns 23,330 shares of the textile maker's stock valued at $638,000 after purchasing an additional 22,657 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in G-III Apparel Group during the 1st quarter valued at about $334,000. Nuveen LLC bought a new stake in G-III Apparel Group during the 1st quarter valued at about $11,614,000. Janney Montgomery Scott LLC increased its stake in G-III Apparel Group by 5.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker's stock valued at $454,000 after purchasing an additional 861 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in G-III Apparel Group by 15.9% during the 1st quarter. Illinois Municipal Retirement Fund now owns 20,617 shares of the textile maker's stock valued at $564,000 after purchasing an additional 2,831 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors.

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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