G-III Apparel Group (NASDAQ:GIII) Raised to Hold at Zacks Research

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

Several other analysts have also recently commented on the stock. KeyCorp increased their price target on shares of G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. BTIG Research initiated coverage on shares of G-III Apparel Group in a research note on Tuesday, October 14th. They set a “buy” rating and a $32.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Tuesday, October 14th. Barclays increased their price target on shares of G-III Apparel Group from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Friday, September 5th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $30.00 price target (up from $27.00) on shares of G-III Apparel Group in a research note on Tuesday, September 2nd. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.00.

G-III Apparel Group Trading Up 4.9%

Shares of G-III Apparel Group stock opened at $28.25 on Tuesday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 6.99 and a beta of 1.60. G-III Apparel Group has a 1-year low of $20.33 and a 1-year high of $36.18. The firm’s 50-day moving average price is $27.10 and its two-hundred day moving average price is $25.66.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.15. The firm had revenue of $613.27 million for the quarter, compared to analysts’ expectations of $568.67 million. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 earnings per share. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS. As a group, equities research analysts predict that G-III Apparel Group will post 4.16 EPS for the current year.

Hedge Funds Weigh In On G-III Apparel Group

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd lifted its holdings in G-III Apparel Group by 5,154.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock valued at $32,000 after buying an additional 1,134 shares during the period. Byrne Asset Management LLC acquired a new position in G-III Apparel Group in the second quarter valued at approximately $28,000. Federated Hermes Inc. acquired a new position in G-III Apparel Group in the third quarter valued at approximately $40,000. Raymond James Financial Inc. acquired a new position in G-III Apparel Group in the second quarter valued at approximately $41,000. Finally, Strs Ohio acquired a new position in G-III Apparel Group in the first quarter valued at approximately $77,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.