G-III Apparel Group (NASDAQ:GIII) Trading Down 3.8% - Should You Sell?

Key Points

• G-III Apparel Group shares fell by 3.8% to $26.28, with trading volume significantly lower than average.
• Analysts have mixed ratings on the stock, with price targets ranging from $21.00 to $33.00, and a consensus rating of "Hold" at an average target price of $29.60.
• The company reported earnings of $0.25 per share for the last quarter, exceeding estimates, but revenues decreased by 4.9% year-over-year.

G-III Apparel Group, LTD. (NASDAQ:GIII - Get Free Report) was down 3.8% during mid-day trading on Friday . The company traded as low as $26.24 and last traded at $26.28. Approximately 236,666 shares changed hands during trading, a decline of 63% from the average daily volume of 631,718 shares. The stock had previously closed at $27.33.

Analyst Ratings Changes

A number of research analysts recently weighed in on GIII shares. Wall Street Zen lowered shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 14th. KeyCorp increased their target price on G-III Apparel Group from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. UBS Group lowered their price objective on shares of G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Monday, June 9th. 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. Finally, Barclays increased their price objective on G-III Apparel Group from $18.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday, September 5th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $29.60.

G-III Apparel Group Stock Up 1.0%

The company's 50 day moving average is $25.49 and its two-hundred day moving average is $25.33. The company has a market capitalization of $1.12 billion, a PE ratio of 6.13 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The company had revenue of $613.27 million for the quarter, compared to the consensus estimate of $568.67 million. During the same period in the prior year, the firm posted $0.52 EPS. The firm's revenue was down 4.9% compared to the same quarter last year. 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. Analysts forecast that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

Insider Buying and Selling

In other G-III Apparel Group news, Director Amigo Victor Herrero acquired 5,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were acquired at an average cost of $21.95 per share, with a total value of $109,750.00. Following the acquisition, the director directly owned 54,746 shares of the company's stock, valued at approximately $1,201,674.70. The trade was a 10.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 13.00% of the stock is currently owned by corporate insiders.

Institutional Trading of G-III Apparel Group

Large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its position in G-III Apparel Group by 5,154.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker's stock worth $32,000 after purchasing an additional 1,134 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in G-III Apparel Group during the 2nd quarter worth about $28,000. Raymond James Financial Inc. purchased a new stake in G-III Apparel Group during the 2nd quarter worth about $41,000. Public Employees Retirement System of Ohio purchased a new position in G-III Apparel Group in the fourth quarter valued at approximately $68,000. Finally, Strs Ohio acquired a new stake in shares of G-III Apparel Group during the first quarter worth about $77,000. 92.13% of the stock is currently owned by hedge funds and other 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.