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

Key Points

• Telsey Advisory Group has reaffirmed a "market perform" rating for G-III Apparel Group with a target price of $27.00 per share.
• Recent analysis from other firms has varied, with UBS and Barclays lowering their price targets, while KeyCorp upgraded theirs, reflecting mixed outlooks among analysts.
• G-III Apparel Group reported earnings exceeding expectations, with a net margin of 6.20% for the quarter, although revenue declined by 4.3% year-over-year.

G-III Apparel Group (NASDAQ:GIII - Get Free Report)'s stock had its "market perform" rating reiterated by analysts at Telsey Advisory Group in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They presently have a $30.00 target price on the textile maker's stock, up from their prior target price of $27.00. Telsey Advisory Group's price objective would suggest a potential upside of 15.56% from the company's current price.

GIII has been the topic of several other research reports. 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 dropped their target price on shares of G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, June 9th. Barclays dropped their target price on shares of G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating on the stock in a report on Monday, June 9th. Finally, UBS Group dropped their target price on shares of G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $29.60.

G-III Apparel Group Price Performance

Shares of NASDAQ:GIII traded down $1.67 on Tuesday, reaching $25.96. 1,154,002 shares of the company traded hands, compared to its average volume of 541,699. G-III Apparel Group has a fifty-two week low of $20.33 and a fifty-two week high of $36.18. The company's 50 day moving average is $24.78 and its 200-day moving average is $25.37. The stock has a market capitalization of $1.12 billion, a PE ratio of 6.43 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.15. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.59%. The company had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company'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. As a group, analysts expect that G-III Apparel Group will post 4.16 EPS for the current year.

Insider Activity at G-III Apparel Group

In other G-III Apparel Group news, Director Amigo Victor Herrero acquired 5,000 shares of G-III Apparel Group stock in a transaction dated Tuesday, June 24th. The stock was bought at an average cost of $21.95 per share, with a total value of $109,750.00. Following the acquisition, the director 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.00% of the company's stock.

Institutional Investors Weigh In On G-III Apparel Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in shares of G-III Apparel Group by 6.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,565 shares of the textile maker's stock worth $1,161,000 after buying an additional 2,136 shares during the period. Northern Trust Corp grew its position in shares of G-III Apparel Group by 21.8% during the 4th quarter. Northern Trust Corp now owns 520,931 shares of the textile maker's stock worth $16,993,000 after buying an additional 93,263 shares during the period. AQR Capital Management LLC grew its position in shares of G-III Apparel Group by 10.5% during the 4th quarter. AQR Capital Management LLC now owns 258,728 shares of the textile maker's stock worth $8,440,000 after buying an additional 24,546 shares during the period. BNP Paribas Financial Markets grew its position in shares of G-III Apparel Group by 1.3% during the 4th quarter. BNP Paribas Financial Markets now owns 79,173 shares of the textile maker's stock worth $2,583,000 after buying an additional 995 shares during the period. Finally, Balyasny Asset Management L.P. acquired a new stake in shares of G-III Apparel Group during the 4th quarter worth approximately $7,628,000. Institutional investors and hedge funds own 92.13% of the company's stock.

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.