G-III Apparel Group (NASDAQ:GIII) Stock Rating Upgraded by Zacks Research

G-III Apparel Group (NASDAQ:GIII) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also commented on the company. UBS Group cut their price target on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. BTIG Research reaffirmed a “buy” rating and set a $34.00 price target on shares of G-III Apparel Group in a research report on Wednesday, March 18th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 price target (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, G-III Apparel Group currently has an average rating of “Hold” and a consensus target price of $29.00.

G-III Apparel Group Stock Down 0.8%

GIII opened at $29.43 on Tuesday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 19.62 and a beta of 1.30. G-III Apparel Group has a 52 week low of $20.33 and a 52 week high of $34.83. The business’s 50 day moving average is $29.15 and its two-hundred day moving average is $29.41.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.29). The firm had revenue of $771.49 million for the quarter, compared to analyst estimates of $791.98 million. G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.The company’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period last year, the firm earned $1.27 EPS. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. Equities analysts expect that G-III Apparel Group will post 2.07 EPS for the current fiscal year.

Institutional Trading of G-III Apparel Group

A number of institutional investors have recently modified their holdings of GIII. GAMMA Investing LLC boosted its stake in shares of G-III Apparel Group by 107.7% in the fourth quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after buying an additional 488 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of G-III Apparel Group by 105.2% in the third quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock valued at $31,000 after buying an additional 591 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of G-III Apparel Group in the fourth quarter valued at approximately $34,000. Federated Hermes Inc. purchased a new stake in shares of G-III Apparel Group in the third quarter valued at approximately $40,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of G-III Apparel Group in the second quarter valued at approximately $41,000. 92.13% of the stock is currently 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.