G-III Apparel Group’s (GIII) “Market Perform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reaffirmed their market perform rating on shares of G-III Apparel Group (NASDAQ:GIII) in a research report released on Wednesday,Benzinga reports. They currently have a $38.00 price target 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.

Several other research firms also recently weighed in on GIII. KeyCorp lifted 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. StockNews.com raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 2nd. Guggenheim raised their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Barclays boosted their price target on G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.17.

G-III Apparel Group Trading Down 0.8 %

Shares of G-III Apparel Group stock traded down $0.28 during trading on Wednesday, hitting $33.81. The stock had a trading volume of 97,656 shares, compared to its average volume of 560,624. The stock has a market cap of $1.48 billion, a PE ratio of 8.87 and a beta of 2.14. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $36.18. The firm’s fifty day simple moving average is $31.39 and its 200-day simple moving average is $28.92. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.80.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.33. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The business had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business earned $2.78 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that G-III Apparel Group will post 4.15 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Morris Goldfarb sold 67,014 shares of G-III Apparel Group stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $30.30, for a total value of $2,030,524.20. Following the transaction, the chief executive officer now directly owns 3,923,071 shares in the company, valued at approximately $118,869,051.30. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 12.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On G-III Apparel Group

A number of institutional investors have recently added to or reduced their stakes in GIII. Guidance Capital Inc. raised its holdings in G-III Apparel Group by 2.0% in the third quarter. Guidance Capital Inc. now owns 16,861 shares of the textile maker’s stock worth $563,000 after purchasing an additional 331 shares in the last quarter. CWM LLC raised its stake in shares of G-III Apparel Group by 46.8% during the 3rd quarter. CWM LLC now owns 2,777 shares of the textile maker’s stock worth $85,000 after acquiring an additional 885 shares in the last quarter. Sanctuary Advisors LLC lifted its position in G-III Apparel Group by 8.4% during the third quarter. Sanctuary Advisors LLC now owns 14,564 shares of the textile maker’s stock valued at $439,000 after acquiring an additional 1,126 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in G-III Apparel Group by 93.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock valued at $92,000 after acquiring an additional 1,460 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its position in shares of G-III Apparel Group by 0.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 329,720 shares of the textile maker’s stock worth $10,063,000 after purchasing an additional 1,860 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

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.