Recent Analysts’ Ratings Updates for G-III Apparel Group (GIII)

Several analysts have recently updated their ratings and price targets for G-III Apparel Group (NASDAQ: GIII):

• 12/18/2024 – G-III Apparel Group had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $38.00 price target on the stock.
• 12/11/2024 – G-III Apparel Group had its price target raised by analysts at Barclays PLC from $27.00 to $29.00. They now have an “underweight” rating on the stock.
• 12/11/2024 – G-III Apparel Group had its price target raised by analysts at KeyCorp from $34.00 to $40.00. They now have an “overweight” rating on the stock.
• 12/11/2024 – G-III Apparel Group had its price target raised by analysts at Guggenheim from $36.00 to $38.00. They now have a “buy” rating on the stock.
• 12/10/2024 – G-III Apparel Group had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $32.00 price target on the stock.
• 12/4/2024 – G-III Apparel Group had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $32.00 price target on the stock.
• 12/2/2024 – G-III Apparel Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

G-III Apparel Group Stock Up 1.2 %

Shares of NASDAQ GIII traded up $0.40 during mid-day trading on Monday, hitting $33.23. 471,264 shares of the stock traded hands, compared to its average volume of 575,644. The stock has a fifty day moving average price of $31.50 and a 200-day moving average price of $28.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 2.63. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 8.72 and a beta of 2.14. G-III Apparel Group, Ltd. has a 52 week low of $20.66 and a 52 week high of $36.18.

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

Insider Activity

In other G-III Apparel Group news, CEO Morris Goldfarb sold 67,014 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 3,923,071 shares of the company’s stock, valued at approximately $118,869,051.30. The trade was a 1.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 12.40% of the company’s stock.

Institutional Trading of G-III Apparel Group

Several large investors have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in G-III Apparel Group during the second quarter valued at approximately $42,000. Quarry LP purchased a new position in shares of G-III Apparel Group during the 3rd quarter worth $63,000. Point72 DIFC Ltd bought a new stake in shares of G-III Apparel Group during the 2nd quarter valued at $78,000. CWM LLC increased its stake in shares of G-III Apparel Group by 46.8% in the 3rd quarter. CWM LLC now owns 2,777 shares of the textile maker’s stock worth $85,000 after purchasing an additional 885 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in G-III Apparel Group in the 2nd quarter worth $124,000. Institutional investors own 92.13% of the company’s stock.

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.