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

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

GIII has been the subject of several other research reports. KeyCorp increased 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 research note on Wednesday, December 11th. StockNews.com downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Guggenheim raised their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. UBS Group dropped their price target on shares of G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Finally, Barclays raised their price target on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.80.

G-III Apparel Group Stock Performance

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 firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 7.00 and a beta of 2.09. The firm’s 50 day simple moving average is $29.46 and its 200 day simple moving average is $30.51. G-III Apparel Group has a 1 year low of $20.66 and a 1 year high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, beating the consensus estimate of $0.97 by $0.30. The business had revenue of $839.50 million during the quarter, compared to the consensus estimate of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 EPS. As a group, research analysts expect that G-III Apparel Group will post 4.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On G-III Apparel Group

A number of hedge funds have recently bought and sold shares of GIII. AlphaQuest LLC bought a new position in G-III Apparel Group during the fourth quarter worth $49,000. Quarry LP bought a new position in G-III Apparel Group during the third quarter worth $63,000. Smartleaf Asset Management LLC raised its stake in G-III Apparel Group by 249.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock worth $64,000 after buying an additional 1,412 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in G-III Apparel Group during the fourth quarter worth $68,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in G-III Apparel Group by 93.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock worth $92,000 after buying an additional 1,460 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Company Profile

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.