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

G-III Apparel Group (NASDAQ:GIII) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.

Several other equities analysts also recently weighed in on the company. Telsey Advisory Group dropped their target price on G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating for the company in a research report on Thursday, September 3rd. Zacks Research cut shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. BTIG Research reissued a “buy” rating and issued a $40.00 price objective on shares of G-III Apparel Group in a research note on Wednesday, September 2nd. Weiss Ratings restated a “buy (b-)” rating on shares of G-III Apparel Group in a report on Friday, September 4th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, G-III Apparel Group has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

G-III Apparel Group Stock Down 0.2%

Shares of NASDAQ GIII opened at $27.83 on Friday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 9.15 and a beta of 1.27. G-III Apparel Group has a 52-week low of $24.61 and a 52-week high of $37.54. The business’s 50 day moving average is $33.44 and its two-hundred day moving average is $31.70.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a return on equity of 5.53% and a net margin of 4.75%.The business had revenue of $554.09 million during the quarter, compared to analyst estimates of $570.37 million. During the same period last year, the business posted $0.25 earnings per share. The company’s quarterly revenue was down 9.7% on a year-over-year basis. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. Analysts anticipate that G-III Apparel Group will post 2.25 EPS for the current fiscal year.

Institutional Trading of G-III Apparel Group

Several hedge funds have recently added to or reduced their stakes in GIII. Engineers Gate Manager LP grew its holdings in G-III Apparel Group by 330.4% during the 2nd quarter. Engineers Gate Manager LP now owns 84,169 shares of the textile maker’s stock worth $2,837,000 after acquiring an additional 64,615 shares in the last quarter. Baird Financial Group Inc. raised its holdings in shares of G-III Apparel Group by 8.5% in the 2nd quarter. Baird Financial Group Inc. now owns 266,791 shares of the textile maker’s stock valued at $8,994,000 after purchasing an additional 20,848 shares in the last quarter. Nykredit A S purchased a new stake in shares of G-III Apparel Group during the 2nd quarter worth $33,000. Amundi purchased a new stake in shares of G-III Apparel Group during the 2nd quarter worth $344,000. Finally, HighTower Advisors LLC acquired a new position in shares of G-III Apparel Group during the second quarter worth $209,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. is a global fashion company that designs, sources, and markets apparel, accessories, footwear, and related products. Its offerings include women’s and men’s clothing, handbags, footwear, outerwear, and other fashion products sold through department stores, specialty retailers, brand stores, and e-commerce channels.

The company owns and operates brands including DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin, and develops products under a portfolio of licensed brands.