Telsey Advisory Group Issues Pessimistic Forecast for G-III Apparel Group (NASDAQ:GIII) Stock Price

G-III Apparel Group (NASDAQ:GIII - Free Report) had its target price reduced by Telsey Advisory Group from $38.00 to $30.00 in a research note published on Friday morning, Marketbeat reports. Telsey Advisory Group currently has a market perform rating on the textile maker's stock. Telsey Advisory Group also issued estimates for G-III Apparel Group's Q1 2026 earnings at $0.12 EPS, Q3 2026 earnings at $2.46 EPS and FY2026 earnings at $4.22 EPS.

GIII has been the subject of a number of other research reports. KeyCorp upped their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. UBS Group reduced their price objective on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Guggenheim upped their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. StockNews.com cut shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, March 12th. Finally, Barclays upped their price objective 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $33.00.

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G-III Apparel Group Trading Down 3.4 %

Shares of NASDAQ GIII traded down $0.93 during mid-day trading on Friday, hitting $26.13. The company's stock had a trading volume of 723,102 shares, compared to its average volume of 519,008. G-III Apparel Group has a one year low of $20.66 and a one year high of $36.18. The company's fifty day simple moving average is $29.34 and its 200-day simple moving average is $30.52. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 6.86 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.30. The firm had revenue of $839.50 million for the quarter, compared to analysts' expectations of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.76 earnings per share. On average, sell-side analysts anticipate that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On G-III Apparel Group

A number of large investors have recently modified their holdings of the business. American Century Companies Inc. increased its position in shares of G-III Apparel Group by 11.8% in the fourth quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker's stock valued at $47,672,000 after acquiring an additional 153,913 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in G-III Apparel Group by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker's stock valued at $31,624,000 after purchasing an additional 6,598 shares in the last quarter. Geode Capital Management LLC increased its position in shares of G-III Apparel Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker's stock worth $29,833,000 after purchasing an additional 11,196 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of G-III Apparel Group by 2.6% in the fourth quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker's stock valued at $25,197,000 after buying an additional 19,723 shares in the last quarter. Finally, Marshall Wace LLP grew its position in shares of G-III Apparel Group by 80.6% in the 4th quarter. Marshall Wace LLP now owns 766,068 shares of the textile maker's stock valued at $24,989,000 after acquiring an additional 341,870 shares during the period. 92.13% of the stock is currently 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.