G-III Apparel Group, LTD. (NASDAQ:GIII) Receives $30.00 Consensus Price Target from Analysts

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have earned a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $30.00.

A number of analysts have weighed in on the stock. KeyCorp increased their target price on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Tuesday, October 14th. Barclays increased their target price on G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a research report on Friday, September 5th. BTIG Research initiated coverage on G-III Apparel Group in a report on Tuesday, October 14th. They set a “buy” rating and a $32.00 price target on the stock. Finally, Zacks Research lowered G-III Apparel Group from a “hold” rating to a “strong sell” rating in a report on Monday, September 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GIII. Byrne Asset Management LLC acquired a new position in G-III Apparel Group during the second quarter worth about $28,000. Caitong International Asset Management Co. Ltd boosted its position in shares of G-III Apparel Group by 5,154.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 1,134 shares during the period. Raymond James Financial Inc. acquired a new position in shares of G-III Apparel Group in the 2nd quarter valued at $41,000. Traub Capital Management LLC acquired a new position in shares of G-III Apparel Group in the 2nd quarter valued at $67,000. Finally, Strs Ohio acquired a new stake in G-III Apparel Group during the 1st quarter worth about $77,000. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group Trading Down 0.6%

G-III Apparel Group stock opened at $28.26 on Thursday. The stock has a market cap of $1.19 billion, a P/E ratio of 7.00 and a beta of 1.58. The stock has a 50 day moving average of $26.91 and a 200-day moving average of $25.48. G-III Apparel Group has a 52 week low of $20.33 and a 52 week high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. The company had revenue of $613.27 million during the quarter, compared to analysts’ expectations of $568.67 million. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. 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 analysts predict that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

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.