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

Weiss Ratings restated their hold (c+) rating on shares of G-III Apparel Group (NASDAQ:GIII) in a research report released on Tuesday morning,Weiss Ratings reports.

A number of other equities research analysts also recently weighed in on GIII. KeyCorp raised their price target on G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Zacks Research downgraded G-III Apparel Group from a “hold” rating to a “strong sell” rating in a research note on Monday, September 8th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $30.00 price target (up from $27.00) on shares of G-III Apparel Group in a research note on Tuesday, September 2nd. Finally, Barclays increased their price objective on G-III Apparel Group from $18.00 to $21.00 and gave the company an “underweight” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.00.

G-III Apparel Group Trading Up 3.6%

Shares of G-III Apparel Group stock opened at $26.53 on Tuesday. The stock has a 50-day moving average price of $26.47 and a 200 day moving average price of $25.35. The company has a market cap of $1.12 billion, a P/E ratio of 6.57 and a beta of 1.58. G-III Apparel Group has a 1 year low of $20.33 and a 1 year high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The company had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. During the same period last year, the business earned $0.52 EPS. The business’s quarterly revenue was down 4.9% on a year-over-year basis. 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. On average, equities analysts forecast that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Institutional Trading of G-III Apparel Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC acquired a new stake in G-III Apparel Group in the 2nd quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of G-III Apparel Group by 5,154.5% during the 1st 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of G-III Apparel Group during the 2nd quarter worth approximately $41,000. Traub Capital Management LLC acquired a new stake in shares of G-III Apparel Group during the 2nd quarter worth approximately $67,000. Finally, Strs Ohio acquired a new stake in shares of G-III Apparel Group during the 1st quarter worth approximately $77,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

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.