G-III Apparel Group (NASDAQ:GIII) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• G-III Apparel's stock crossed above its 200-day moving average, trading as high as $32.02 and last at $31.50 versus a 200-day MA of $29.05 (volume 287,972 shares).
• The company missed quarterly EPS ($0.30 vs. $0.59 expected) and revenue fell 8.1% year-over-year, while management set Q1 2027 guidance of -0.40 to -0.30 EPS and FY 2027 guidance of 2.00–2.10 EPS.
• Analysts are mixed (2 Buy, 3 Hold, 2 Sell) with a MarketBeat consensus rating of "Hold" and a $29.00 target, and institutional investors own 92.13% of the stock with recent large stakes added by Norges Bank and several funds.

G-III Apparel Group, LTD. (NASDAQ:GIII - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.05 and traded as high as $32.02. G-III Apparel Group shares last traded at $31.50, with a volume of 287,972 shares traded.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Zacks Research downgraded shares of G-III Apparel Group from a "hold" rating to a "strong sell" rating in a research note on Tuesday, March 17th. Weiss Ratings reissued a "hold (c+)" rating on shares of G-III Apparel Group in a research note on Friday, January 9th. UBS Group cut their target price 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. Telsey Advisory Group reissued a "market perform" rating and issued a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a research note on Monday, March 9th. Finally, BTIG Research reissued a "buy" rating and issued a $34.00 target price on shares of G-III Apparel Group in a research note on Wednesday, March 18th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $29.00.

G-III Apparel Group Trading Up 0.6%

The firm's 50 day moving average is $29.15 and its two-hundred day moving average is $29.05. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 21.00 and a beta of 1.30.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.29). The business had revenue of $771.49 million during the quarter, compared to analysts' expectations of $791.98 million. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The firm's quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $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 expect that G-III Apparel Group, LTD. will post 2.07 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 23rd were issued a $0.10 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.40 annualized dividend and a yield of 1.3%. G-III Apparel Group's payout ratio is 26.67%.

Institutional Trading of G-III Apparel Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GIII. Norges Bank purchased a new stake in G-III Apparel Group in the 4th quarter valued at about $36,200,000. Medina Value Partners LLC grew its holdings in G-III Apparel Group by 1,099.7% in the 3rd quarter. Medina Value Partners LLC now owns 682,090 shares of the textile maker's stock valued at $18,150,000 after buying an additional 625,237 shares during the period. Hound Partners LLC grew its holdings in G-III Apparel Group by 280.0% in the 3rd quarter. Hound Partners LLC now owns 478,909 shares of the textile maker's stock valued at $12,744,000 after buying an additional 352,869 shares during the period. Balyasny Asset Management L.P. purchased a new stake in G-III Apparel Group in the 2nd quarter valued at about $7,546,000. Finally, LSV Asset Management grew its holdings in G-III Apparel Group by 34.7% in the 3rd quarter. LSV Asset Management now owns 1,144,233 shares of the textile maker's stock valued at $30,448,000 after buying an additional 294,732 shares during the period. Hedge funds and other institutional investors own 92.13% of the company's stock.

G-III Apparel Group Company Profile

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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