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

A number of firms have modified their ratings and price targets on shares of G-III Apparel Group (NASDAQ: GIII) recently:

• 10/22/2024 – G-III Apparel Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/11/2024 – G-III Apparel Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/9/2024 – G-III Apparel Group is now covered by analysts at Guggenheim. They set a “buy” rating and a $36.00 price target on the stock.
• 10/3/2024 – G-III Apparel Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/22/2024 – G-III Apparel Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/14/2024 – G-III Apparel Group was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 9/6/2024 – G-III Apparel Group had its price target raised by analysts at Barclays PLC from $23.00 to $27.00. They now have an “underweight” rating on the stock.
• 9/6/2024 – G-III Apparel Group had its price target raised by analysts at KeyCorp from $32.00 to $34.00. They now have an “overweight” rating on the stock.
• 9/6/2024 – G-III Apparel Group was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 9/5/2024 – G-III Apparel Group had its “market perform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $29.00 price target on the stock.

G-III Apparel Group Trading Down 1.7 %

NASDAQ GIII traded down $0.54 during trading on Tuesday, hitting $31.34. The company had a trading volume of 221,702 shares, compared to its average volume of 590,874. The company has a current ratio of 2.92, a quick ratio of 1.80 and a debt-to-equity ratio of 0.27. G-III Apparel Group, Ltd. has a one year low of $20.66 and a one year high of $35.68. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 8.20 and a beta of 2.19. The company’s fifty day moving average is $29.18 and its 200-day moving average is $28.01.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Thursday, September 5th. The textile maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.25. G-III Apparel Group had a net margin of 6.04% and a return on equity of 12.81%. The firm had revenue of $644.80 million for the quarter, compared to the consensus estimate of $649.54 million. During the same period in the prior year, the firm earned $0.40 EPS. The company’s revenue was down 2.3% compared to the same quarter last year. On average, sell-side analysts predict that G-III Apparel Group, Ltd. will post 4.01 earnings per share for the current year.

Insider Buying and Selling

In other G-III Apparel Group news, CEO Morris Goldfarb sold 67,014 shares of G-III Apparel Group stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $30.30, for a total transaction of $2,030,524.20. Following the transaction, the chief executive officer now owns 3,923,071 shares of the company’s stock, valued at $118,869,051.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 12.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On G-III Apparel Group

Several large investors have recently bought and sold shares of GIII. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of G-III Apparel Group during the second quarter valued at $42,000. CWM LLC boosted its stake in shares of G-III Apparel Group by 115.0% during the second quarter. CWM LLC now owns 1,892 shares of the textile maker’s stock valued at $51,000 after purchasing an additional 1,012 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of G-III Apparel Group during the second quarter valued at $78,000. Innealta Capital LLC purchased a new stake in shares of G-III Apparel Group during the second quarter valued at $124,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of G-III Apparel Group during the first quarter valued at $171,000. 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.