Wall Street Zen Upgrades G-III Apparel Group (NASDAQ:GIII) to “Buy”

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

A number of other research analysts have also recently commented on the company. 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 report on Thursday. Weiss Ratings raised G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. KeyCorp restated an “overweight” rating and issued a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Zacks Research downgraded shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, BTIG Research reiterated a “buy” rating and set a $40.00 target price on shares of G-III Apparel Group in a research report on Wednesday, September 2nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.50.

G-III Apparel Group Price Performance

Shares of GIII stock opened at $27.74 on Friday. The firm has a market cap of $1.17 billion, a P/E ratio of 9.13 and a beta of 1.27. The company has a 50 day moving average of $34.13 and a 200-day moving average of $31.85. G-III Apparel Group has a 12-month low of $24.61 and a 12-month high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $0.26 EPS for the quarter, beating the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a return on equity of 5.55% and a net margin of 4.75%.The business had revenue of $554.09 million for the quarter, compared to the consensus estimate of $570.37 million. During the same quarter in the prior year, the business earned $0.25 earnings per share. G-III Apparel Group’s revenue for the quarter 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, equities analysts expect that G-III Apparel Group will post 2.25 EPS for the current year.

Institutional Investors Weigh In On G-III Apparel Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of G-III Apparel Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after acquiring an additional 1,018 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in G-III Apparel Group by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,197 shares of the textile maker’s stock worth $2,193,000 after purchasing an additional 6,062 shares in the last quarter. Intech Investment Management LLC lifted its stake in G-III Apparel Group by 14.1% in the 1st quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker’s stock worth $1,260,000 after purchasing an additional 5,685 shares in the last quarter. Strs Ohio purchased a new stake in G-III Apparel Group in the 1st quarter worth approximately $77,000. Finally, First Trust Advisors LP boosted its holdings in G-III Apparel Group by 15.7% in the 2nd quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker’s stock valued at $3,460,000 after purchasing an additional 20,984 shares during the period. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group News Roundup

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: Marc Jacobs provides a major growth opportunity. G-III’s acquisition of the luxury brand expands its owned-brand portfolio, and Marc Jacobs is expected to eventually generate approximately $1 billion in annual revenue. The strategy could improve brand control, margins and long-term growth. G-III Apparel’s Strategic Transformation Gains Steam With Marc Jacobs
• Positive Sentiment: Earnings and profitability showed resilience. Second-quarter EPS exceeded expectations, supported by gross-margin expansion, cost controls and stronger performance from owned brands. The company also raised its earnings outlook, reinforcing the view that the strategic transition is improving underlying profitability. G-III Apparel Q2 Fiscal 2027 EPS Rises
• Positive Sentiment: BTIG reaffirmed its Buy rating and $40 price target, indicating substantial potential upside and confidence in G-III’s brand transformation. BTIG rating update
• Neutral Sentiment: Analyst views remain divided. Coverage highlights attractive owned-brand growth and margin gains, but characterizes the risk-reward profile as balanced while Marc Jacobs integration and execution are tested. G-III Apparel Group: Lots Of Moving Factors
• Negative Sentiment: Revenue remains under pressure. Second-quarter sales declined roughly 10% year over year and missed estimates, while the loss of key PVH licenses and European weakness are weighing on headline results. Q3 guidance was viewed as disappointing. G-III Apparel Mixed Q2 Read-Across
• Negative Sentiment: Execution and cash-flow risks limit enthusiasm. Analysts cited declining cash-flow trends, continued wholesale exposure and uncertainty surrounding Marc Jacobs. Telsey lowered its price target from $38 to $32 and changed its rating to Market Perform. Telsey Advisory Group rating update

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.