UBS Group Has Lowered Expectations for G-III Apparel Group (NASDAQ:GIII) Stock Price

G-III Apparel Group (NASDAQ:GIII) had its price target cut by stock analysts at UBS Group from $32.00 to $30.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the textile maker’s stock. UBS Group’s target price points to a potential downside of 0.89% from the company’s previous close.

GIII has been the subject of several other reports. Zacks Research upgraded shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. KeyCorp restated an “overweight” rating and set a $35.00 price objective (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. BTIG Research lifted their price objective on shares of G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Telsey Advisory Group set a $34.00 target price on G-III Apparel Group in a research note on Wednesday, December 10th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $30.80.

G-III Apparel Group Stock Down 0.9%

Shares of GIII stock traded down $0.29 on Tuesday, reaching $30.27. The company’s stock had a trading volume of 203,624 shares, compared to its average volume of 402,530. The company has a market capitalization of $1.28 billion, a P/E ratio of 9.09 and a beta of 1.29. G-III Apparel Group has a 12-month low of $20.33 and a 12-month high of $34.83. The stock’s 50 day simple moving average is $30.01 and its 200-day simple moving average is $28.60.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.29. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The business 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 company earned $2.59 EPS. The company’s quarterly revenue 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. Research analysts expect that G-III Apparel Group will post 4.16 EPS for the current year.

Hedge Funds Weigh In On G-III Apparel Group

A number of large investors have recently bought and sold shares of GIII. Royce & Associates LP raised its holdings in G-III Apparel Group by 0.8% in the third quarter. Royce & Associates LP now owns 42,421 shares of the textile maker’s stock worth $1,129,000 after purchasing an additional 348 shares in the last quarter. Amalgamated Bank grew its position in shares of G-III Apparel Group by 3.4% in the 3rd quarter. Amalgamated Bank now owns 11,247 shares of the textile maker’s stock worth $299,000 after buying an additional 375 shares during the period. Lido Advisors LLC increased its stake in shares of G-III Apparel Group by 2.0% in the 2nd quarter. Lido Advisors LLC now owns 20,594 shares of the textile maker’s stock worth $461,000 after acquiring an additional 395 shares in the last quarter. GAMMA Investing LLC lifted its position in G-III Apparel Group by 107.7% during the 4th quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 488 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in G-III Apparel Group by 5.8% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,781 shares of the textile maker’s stock valued at $219,000 after acquiring an additional 539 shares during the period. 92.13% of the stock is owned by hedge funds and other institutional investors.

About G-III Apparel Group

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.