Analysts Set G-III Apparel Group, LTD. (NASDAQ:GIII) Price Target at $30.00

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) have been assigned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $30.00.

Several research analysts recently issued reports on GIII shares. Telsey Advisory Group restated a “market perform” rating and set a $30.00 price objective (up from $27.00) on shares of G-III Apparel Group in a research report on Tuesday, September 2nd. BTIG Research assumed coverage on G-III Apparel Group in a research report on Tuesday, October 14th. They set a “buy” rating and a $32.00 price target for the company. Barclays boosted their price target on G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, September 5th. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, KeyCorp lifted their price objective on G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th.

Hedge Funds Weigh In On G-III Apparel Group

Institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in G-III Apparel Group by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,936,957 shares of the textile maker’s stock worth $78,153,000 after acquiring an additional 15,500 shares during the period. American Century Companies Inc. boosted its holdings in shares of G-III Apparel Group by 3.4% during the third quarter. American Century Companies Inc. now owns 1,730,216 shares of the textile maker’s stock worth $46,041,000 after purchasing an additional 57,440 shares during the last quarter. LSV Asset Management grew its position in shares of G-III Apparel Group by 34.7% in the third quarter. LSV Asset Management now owns 1,144,233 shares of the textile maker’s stock valued at $30,448,000 after purchasing an additional 294,732 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in G-III Apparel Group by 30.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock valued at $28,054,000 after purchasing an additional 247,245 shares during the last quarter. Finally, Millennium Management LLC increased its stake in G-III Apparel Group by 139.3% in the first quarter. Millennium Management LLC now owns 953,185 shares of the textile maker’s stock valued at $26,070,000 after purchasing an additional 554,933 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Down 0.8%

Shares of GIII stock opened at $26.99 on Monday. The stock has a market cap of $1.14 billion, a P/E ratio of 6.68 and a beta of 1.60. G-III Apparel Group has a fifty-two week low of $20.33 and a fifty-two week high of $36.18. The business has a fifty day simple moving average of $27.25 and a 200-day simple moving average of $25.84.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the company earned $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. On average, sell-side analysts anticipate that G-III Apparel Group will post 4.16 earnings per share for the current year.

G-III Apparel Group Company Profile

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.