G-III Apparel Group (NASDAQ:GIII) Given Market Perform Rating at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of G-III Apparel Group (NASDAQ:GIII) in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a $38.00 price objective 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. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Monday, December 2nd. Guggenheim upped their target price on G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Barclays increased their target price on 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. Finally, KeyCorp boosted their price target 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. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $33.17.

G-III Apparel Group Trading Down 2.5 %

Shares of NASDAQ GIII opened at $32.83 on Wednesday. G-III Apparel Group has a fifty-two week low of $20.66 and a fifty-two week high of $36.18. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 8.62 and a beta of 2.14. The business’s 50 day moving average price is $31.45 and its 200-day moving average price is $28.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 2.63.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GIII. F M Investments LLC acquired a new stake in shares of G-III Apparel Group during the second quarter worth $6,796,000. Marshall Wace LLP raised its stake in G-III Apparel Group by 142.8% in the 2nd quarter. Marshall Wace LLP now owns 351,918 shares of the textile maker’s stock worth $9,526,000 after acquiring an additional 206,993 shares during the last quarter. Barclays PLC lifted its position in G-III Apparel Group by 236.4% during the 3rd quarter. Barclays PLC now owns 282,661 shares of the textile maker’s stock worth $8,627,000 after acquiring an additional 198,647 shares during the period. Jane Street Group LLC grew its stake in G-III Apparel Group by 269.9% during the 3rd quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker’s stock valued at $7,665,000 after purchasing an additional 183,246 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in G-III Apparel Group by 15.6% during the 2nd quarter. American Century Companies Inc. now owns 1,147,175 shares of the textile maker’s stock valued at $31,054,000 after purchasing an additional 155,079 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

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.