G-III Apparel Group, LTD. (NASDAQ:GIII) Receives $31.20 Consensus Target Price from Analysts

G-III Apparel Group, LTD. (NASDAQ:GIII) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $31.20.

GIII has been the subject of a number of research reports. Telsey Advisory Group set a $34.00 price objective on G-III Apparel Group in a research note on Wednesday, December 10th. KeyCorp reaffirmed an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. BTIG Research boosted their price target on shares of G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Finally, Zacks Research upgraded shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GIII. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in G-III Apparel Group by 26.2% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 45,215 shares of the textile maker’s stock worth $1,309,000 after purchasing an additional 9,400 shares during the period. Versor Investments LP grew its position in shares of G-III Apparel Group by 29.4% during the fourth quarter. Versor Investments LP now owns 31,711 shares of the textile maker’s stock worth $918,000 after buying an additional 7,200 shares in the last quarter. Tweedy Browne Co LLC grew its position in shares of G-III Apparel Group by 19.9% during the fourth quarter. Tweedy Browne Co LLC now owns 38,843 shares of the textile maker’s stock worth $1,125,000 after buying an additional 6,450 shares in the last quarter. Pictet Asset Management Holding SA purchased a new stake in shares of G-III Apparel Group during the fourth quarter worth approximately $205,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in G-III Apparel Group by 1.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 168,953 shares of the textile maker’s stock valued at $4,900,000 after acquiring an additional 1,935 shares in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Price Performance

Shares of GIII stock opened at $31.08 on Friday. G-III Apparel Group has a 1-year low of $20.33 and a 1-year high of $34.83. The firm has a market cap of $1.31 billion, a PE ratio of 9.33 and a beta of 1.31. The company has a 50-day moving average of $29.93 and a two-hundred day moving average of $27.76.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, topping the consensus estimate of $1.61 by $0.29. G-III Apparel Group had a net margin of 4.89% and a return on equity of 9.37%. The firm had revenue of $988.65 million for the quarter, compared to analyst estimates of $1.01 billion. During the same period in the prior year, the business posted $2.59 EPS. The business’s revenue for the quarter was down 9.3% compared to the same quarter last year. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Sell-side analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were paid a $0.10 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. G-III Apparel Group’s payout ratio is 12.01%.

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.