G-III Apparel Group (NASDAQ:GIII) Sets New 1-Year High – Still a Buy?

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) hit a new 52-week high on Monday . The company traded as high as $37.54 and last traded at $37.1480, with a volume of 26487 shares traded. The stock had previously closed at $36.41.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. BTIG Research increased their target price on G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Wall Street Zen upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. KeyCorp reaffirmed an “overweight” rating and issued a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Zacks Research lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.00.

G-III Apparel Group Price Performance

The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.89 and a beta of 1.28. The stock has a fifty day moving average of $34.43 and a two-hundred day moving average of $31.28.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Friday, June 5th. The textile maker reported ($0.21) EPS for the quarter, topping the consensus estimate of ($0.30) by $0.09. The firm had revenue of $535.96 million for the quarter, compared to the consensus estimate of $529.07 million. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The business’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. On average, research analysts forecast that G-III Apparel Group, LTD. will post 2.24 EPS for the current year.

G-III Apparel Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 22nd were issued a $0.10 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.40 annualized dividend and a yield of 1.1%. G-III Apparel Group’s dividend payout ratio is presently 14.13%.

Institutional Trading of G-III Apparel Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its position in shares of G-III Apparel Group by 3.8% in the 1st quarter. Empowered Funds LLC now owns 286,375 shares of the textile maker’s stock worth $7,933,000 after purchasing an additional 10,411 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of G-III Apparel Group during the first quarter worth $932,000. Edgestream Partners L.P. acquired a new stake in shares of G-III Apparel Group during the first quarter worth $5,756,000. Quantinno Capital Management LP raised its stake in G-III Apparel Group by 16.8% during the first quarter. Quantinno Capital Management LP now owns 16,690 shares of the textile maker’s stock worth $462,000 after buying an additional 2,399 shares during the last quarter. Finally, Hound Partners LLC raised its stake in G-III Apparel Group by 3.4% during the first quarter. Hound Partners LLC now owns 115,853 shares of the textile maker’s stock worth $3,209,000 after buying an additional 3,849 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. is a global fashion company engaged in the design, sourcing, marketing and distribution of women’s and men’s apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies’ apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company’s product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.