Telsey Advisory Group Lowers G-III Apparel Group (NASDAQ:GIII) Price Target to $30.00

G-III Apparel Group (NASDAQ:GIII) had its price objective decreased by Telsey Advisory Group from $38.00 to $30.00 in a research note released on Friday morning, MarketBeat Ratings 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.

A number of other research analysts have also recently issued reports on GIII. Barclays lifted 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 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 for the company in a report on Tuesday, March 4th. KeyCorp lifted their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Guggenheim lifted their price objective on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, StockNews.com cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, G-III Apparel Group currently has an average rating of “Hold” and a consensus target price of $33.80.

G-III Apparel Group Trading Up 2.2 %

NASDAQ:GIII opened at $26.67 on Friday. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 7.00 and a beta of 2.09. The firm has a fifty day simple moving average of $29.46 and a two-hundred day simple moving average of $30.51. G-III Apparel Group has a 12 month low of $20.66 and a 12 month high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.30. The business had revenue of $839.50 million during 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 quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company posted $0.76 earnings per share. Analysts expect that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Institutional Trading of G-III Apparel Group

A number of institutional investors have recently modified their holdings of the business. American Century Companies Inc. lifted its stake in G-III Apparel Group by 11.8% in the 4th quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker’s stock worth $47,672,000 after purchasing an additional 153,913 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in G-III Apparel Group by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker’s stock worth $31,624,000 after purchasing an additional 6,598 shares in the last quarter. Geode Capital Management LLC lifted its stake in G-III Apparel Group by 1.2% in 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 in the last quarter. Prudential Financial Inc. lifted its stake in G-III Apparel Group by 2.6% in the 4th quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker’s stock worth $25,197,000 after purchasing an additional 19,723 shares in the last quarter. Finally, Marshall Wace LLP lifted its stake in 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 worth $24,989,000 after purchasing an additional 341,870 shares in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

About G-III Apparel Group

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.