Telsey Advisory Group Reaffirms "Market Perform" Rating for G-III Apparel Group (NASDAQ:GIII)

Telsey Advisory Group reaffirmed their market perform rating on shares of G-III Apparel Group (NASDAQ:GIII - Free Report) in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a $30.00 target price on the textile maker's stock. Telsey Advisory Group also issued estimates for G-III Apparel Group's Q1 2027 earnings at $0.10 EPS, Q2 2027 earnings at $0.53 EPS, Q3 2027 earnings at $2.48 EPS, Q4 2027 earnings at $1.10 EPS and FY2027 earnings at $4.21 EPS.

Other equities research analysts also recently issued reports about the company. Wall Street Zen raised G-III Apparel Group from a "buy" rating to a "strong-buy" rating in a research report on Saturday. UBS Group lowered their price target on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Finally, Barclays lowered their price target on G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.20.

G-III Apparel Group Stock Down 2.4%

G-III Apparel Group stock traded down $0.69 during mid-day trading on Monday, hitting $28.40. 444,428 shares of the company's stock were exchanged, compared to its average volume of 556,773. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.25 billion, a P/E ratio of 7.45 and a beta of 1.41. G-III Apparel Group has a 1-year low of $20.66 and a 1-year high of $36.18. The stock has a 50 day moving average of $26.23 and a two-hundred day moving average of $28.82.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping the consensus estimate of $0.97 by $0.30. The firm had revenue of $839.50 million for the quarter, compared to the consensus estimate of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business's quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. As a group, analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Institutional Investors Weigh In On G-III Apparel Group

A number of institutional investors have recently added to or reduced their stakes in GIII. Caitong International Asset Management Co. Ltd grew 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 buying an additional 1,134 shares in the last quarter. AlphaQuest LLC acquired a new stake in G-III Apparel Group during the fourth quarter worth about $49,000. Smartleaf Asset Management LLC grew its position in G-III Apparel Group by 249.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock worth $64,000 after buying an additional 1,412 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in G-III Apparel Group during the fourth quarter worth about $68,000. Finally, Strs Ohio acquired a new stake in G-III Apparel Group during the first quarter worth about $77,000. 92.13% of the stock is owned by institutional investors and hedge funds.

About G-III Apparel Group

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.