G-III Apparel Group, LTD. (NASDAQ:GIII – Get Free Report) has earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $29.00.
GIII has been the topic of several recent research reports. BTIG Research reissued a “buy” rating and set a $34.00 price target on shares of G-III Apparel Group in a research report on Wednesday, March 18th. Telsey Advisory Group reissued a “market perform” rating and set a $29.00 price target (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. UBS Group reduced their price target on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. Finally, Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th.
Check Out Our Latest Research Report on G-III Apparel Group
Hedge Funds Weigh In On G-III Apparel Group
G-III Apparel Group Price Performance
NASDAQ GIII opened at $28.73 on Monday. The firm has a market capitalization of $1.21 billion, a P/E ratio of 19.15 and a beta of 1.30. G-III Apparel Group has a 1-year low of $20.33 and a 1-year high of $34.83. The business’s 50-day simple moving average is $29.10 and its 200-day simple moving average is $29.42.
G-III Apparel Group (NASDAQ:GIII – Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.29). The firm had revenue of $771.49 million during the quarter, compared to analyst estimates of $791.98 million. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 earnings per share. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. On average, equities research analysts expect that G-III Apparel Group will post 2.07 EPS for the current fiscal year.
G-III Apparel Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 23rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.40 annualized dividend and a yield of 1.4%. G-III Apparel Group’s payout ratio is 26.67%.
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.
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