G-III Apparel Group, LTD. (NASDAQ:GIII) Receives $34.50 Average PT from Analysts

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $34.50.

Several analysts have issued reports on the company. Weiss Ratings restated a “buy (b-)” rating on shares of G-III Apparel Group in a research note on Friday, September 4th. Zacks Research lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Telsey Advisory Group dropped their price target on G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating on the stock in a research note on Thursday, September 3rd. KeyCorp reaffirmed an “overweight” rating and set a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Finally, BTIG Research reaffirmed a “buy” rating and set a $40.00 price objective on shares of G-III Apparel Group in a research report on Wednesday, September 2nd.

G-III Apparel Group Price Performance

G-III Apparel Group stock opened at $27.67 on Friday. The company’s 50-day moving average is $33.08 and its 200-day moving average is $31.63. The firm has a market capitalization of $1.19 billion, a PE ratio of 9.10 and a beta of 1.27. G-III Apparel Group has a fifty-two week low of $24.61 and a fifty-two week high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a net margin of 4.75% and a return on equity of 5.53%. The business had revenue of $554.09 million during the quarter, compared to the consensus estimate of $570.37 million. During the same period last year, the business posted $0.25 EPS. G-III Apparel Group’s 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. As a group, analysts expect that G-III Apparel Group will post 2.25 EPS for the current year.

G-III Apparel Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 15th. G-III Apparel Group’s dividend payout ratio (DPR) is currently 13.16%.

Insider Buying and Selling

In related news, CEO Morris Goldfarb purchased 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were acquired at an average price of $27.94 per share, for a total transaction of $1,117,600.00. Following the purchase, the chief executive officer owned 4,527,675 shares in the company, valued at approximately $126,503,239.50. This represents a 0.89% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 15.00% of the company’s stock.

Institutional Investors Weigh In On G-III Apparel Group

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

About G-III Apparel Group

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.