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

G-III Apparel Group, LTD. (NASDAQ:GIII) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $31.20.

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

G-III Apparel Group Price Performance

Shares of GIII stock opened at $30.59 on Wednesday. G-III Apparel Group has a one year low of $20.33 and a one year high of $34.83. The stock has a fifty day moving average price of $30.02 and a 200 day moving average price of $28.53. The stock has a market cap of $1.29 billion, a P/E ratio of 9.19 and a beta of 1.31.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Tuesday, December 9th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $988.65 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the company posted $2.59 EPS. The business’s revenue was down 9.3% on a year-over-year basis. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Equities research analysts anticipate that G-III Apparel Group will post 4.16 EPS for the current year.

G-III Apparel Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 15th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. G-III Apparel Group’s dividend payout ratio (DPR) is presently 12.01%.

Institutional Investors Weigh In On G-III Apparel Group

A number of large investors have recently bought and sold shares of the business. DGS Capital Management LLC bought a new position in G-III Apparel Group in the 4th quarter valued at $202,000. Corient Private Wealth LLC acquired a new stake in shares of G-III Apparel Group in the fourth quarter valued at $425,000. Mercer Global Advisors Inc. ADV raised its holdings in shares of G-III Apparel Group by 18.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,408 shares of the textile maker’s stock valued at $417,000 after buying an additional 2,248 shares during the last quarter. Summit Global Investments bought a new position in shares of G-III Apparel Group in the fourth quarter valued at about $231,000. Finally, State of Tennessee Department of Treasury lifted its position in G-III Apparel Group by 107.8% during the 4th quarter. State of Tennessee Department of Treasury now owns 20,396 shares of the textile maker’s stock worth $599,000 after buying an additional 10,581 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors.

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.