G-III Apparel Group's (GIII) "Market Perform" Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of G-III Apparel Group (NASDAQ:GIII - Free Report) in a research report released on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $38.00 target price on the textile maker's stock. Telsey Advisory Group also issued estimates for G-III Apparel Group's Q3 2026 earnings at $2.70 EPS and Q4 2026 earnings at $0.89 EPS.

GIII has been the subject of several other research reports. Barclays upped their target price on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an "underweight" rating in a research report on Wednesday, December 11th. StockNews.com raised G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Monday, December 2nd. KeyCorp boosted their target price on G-III Apparel Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Finally, Guggenheim increased their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, G-III Apparel Group currently has an average rating of "Hold" and an average target price of $33.17.

G-III Apparel Group Trading Down 3.9 %

NASDAQ:GIII traded down $1.39 during trading hours on Wednesday, hitting $34.09. 535,673 shares of the stock were exchanged, compared to its average volume of 562,627. The company has a market capitalization of $1.50 billion, a P/E ratio of 8.95 and a beta of 2.14. G-III Apparel Group has a twelve month low of $20.66 and a twelve month high of $36.18. The company has a quick ratio of 1.80, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $31.39 and its two-hundred day moving average is $28.92.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.33. The firm had revenue of $1.09 billion during the quarter, compared to analysts' expectations of $1.10 billion. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.78 EPS. On average, sell-side analysts anticipate that G-III Apparel Group will post 4.15 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Morris Goldfarb sold 67,014 shares of the firm's stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $30.30, for a total transaction of $2,030,524.20. Following the sale, the chief executive officer now directly owns 3,923,071 shares in the company, valued at $118,869,051.30. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 12.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On G-III Apparel Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of G-III Apparel Group during the second quarter worth about $42,000. CWM LLC boosted its position in G-III Apparel Group by 115.0% during the 2nd quarter. CWM LLC now owns 1,892 shares of the textile maker's stock worth $51,000 after acquiring an additional 1,012 shares during the last quarter. Quarry LP bought a new position in shares of G-III Apparel Group during the 3rd quarter worth approximately $63,000. Point72 DIFC Ltd bought a new stake in shares of G-III Apparel Group in the second quarter worth $78,000. Finally, Innealta Capital LLC acquired a new position in G-III Apparel Group during the second quarter worth $124,000. 92.13% of the stock is owned by institutional investors and hedge funds.

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.