G-III Apparel Group (NASDAQ:GIII) Stock Rating Lowered by Wall Street Zen

G-III Apparel Group (NASDAQ:GIII) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

A number of other research firms have also recently weighed in on GIII. Telsey Advisory Group reissued a “market perform” rating and set a $38.00 price objective (up from $29.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Zacks Research cut shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. BTIG Research increased their target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Weiss Ratings upgraded shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Finally, KeyCorp reissued an “overweight” rating and issued a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $33.00.

G-III Apparel Group Price Performance

G-III Apparel Group stock opened at $33.90 on Friday. The stock has a market cap of $1.43 billion, a PE ratio of 11.98 and a beta of 1.28. The stock’s fifty day moving average is $34.78 and its two-hundred day moving average is $31.58. G-III Apparel Group has a 1-year low of $24.61 and a 1-year high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.09. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The business had revenue of $535.96 million during the quarter, compared to analysts’ expectations of $529.07 million. During the same period in the prior year, the firm posted $0.19 EPS. The business’s quarterly revenue was down 8.2% compared to the same quarter last year. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. On average, research analysts expect that G-III Apparel Group will post 2.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. acquired a new stake in shares of G-III Apparel Group during the second quarter worth about $41,000. Allworth Financial LP purchased a new position in shares of G-III Apparel Group during the second quarter worth about $50,000. Parallel Advisors LLC increased its position in G-III Apparel Group by 231.9% in the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after acquiring an additional 1,243 shares during the period. Strs Ohio acquired a new position in G-III Apparel Group in the 1st quarter valued at about $77,000. Finally, State of Wyoming purchased a new stake in G-III Apparel Group during the 2nd quarter valued at approximately $80,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

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.