Brokerages Set G-III Apparel Group, LTD. (NASDAQ:GIII) Price Target at $33.00

G-III Apparel Group, LTD. (NASDAQ:GIII) has been assigned an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $33.00.

Several equities research analysts have recently issued reports on the company. Wall Street Zen raised G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. KeyCorp reissued an “overweight” rating and set a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. BTIG Research raised their price target on G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a report on Friday, June 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 price objective (up from $29.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Finally, Weiss Ratings raised G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th.

Institutional Investors Weigh In On G-III Apparel Group

Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC lifted its position in G-III Apparel Group by 107.7% during the fourth quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 488 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of G-III Apparel Group in the 4th quarter worth about $34,000. Raymond James Financial Inc. bought a new stake in shares of G-III Apparel Group in the 2nd quarter worth about $41,000. Parallel Advisors LLC raised its position in shares of G-III Apparel Group by 231.9% during the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after buying an additional 1,243 shares in the last quarter. Finally, Strs Ohio purchased a new stake in shares of G-III Apparel Group during the 1st quarter valued at about $77,000. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

GIII opened at $35.93 on Friday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.70 and a beta of 1.28. The company has a fifty day moving average of $33.68 and a 200 day moving average of $31.00. G-III Apparel Group has a fifty-two week low of $23.01 and a fifty-two week high of $36.53.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Friday, June 5th. The textile maker reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.09. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The business had revenue of $535.96 million for the quarter, compared to analysts’ expectations of $529.07 million. During the same quarter in the previous year, the company earned $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, equities research analysts forecast that G-III Apparel Group will post 2.24 earnings per share for the current year.

G-III Apparel Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 22nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. G-III Apparel Group’s dividend payout ratio (DPR) is 14.13%.

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.