G-III Apparel: Barclays Keeps Underweight, Raises PT to $21 from $18

G-III Apparel: Barclays Keeps Underweight, Raises PT to $21 from $18

Barclays has maintained its "underweight" rating for G-III Apparel Group (NASDAQ: GIII) while raising its price target to $21 from $18, according to a recent research note [1]. The update comes amidst a mixed landscape of analyst ratings and price targets for the textile maker.

Telsey Advisory Group recently reaffirmed a "market perform" rating for G-III Apparel Group with a target price of $27.00 per share, while other analysts have issued varying ratings and price targets. UBS Group lowered their price target from $29.00 to $26.00 and set a "neutral" rating, while KeyCorp reduced their target price from $40.00 to $30.00 and set an "overweight" rating [1].

G-III Apparel Group reported earnings exceeding expectations, with a net margin of 6.20% for the quarter, although revenue declined by 4.3% year-over-year. The company's stock has seen a range of analyst ratings, with two analysts assigning a Buy rating, two a Hold rating, and one a Sell rating, resulting in an average rating of "Hold" and an average price target of $27.80 [1].

Barclays' decision to keep the stock underweight and raise the price target reflects a cautious outlook on the company's prospects. The updated price target of $21.00 per share is higher than the current market price of $27.00, indicating that the analyst believes the stock is undervalued.

Institutional investors and hedge funds have shown significant interest in G-III Apparel Group, with a majority of the company's stock owned by institutional investors and hedge funds [1]. The company has been actively managing its costs and investing in technology to drive efficiencies and support product creation, speed to market, and consumer engagement strategies.

G-III Apparel Group's recent earnings call highlighted strong performance from owned brands such as DKNY and Donna Karan, as well as the company's commitment to cost management and strategic initiatives [2]. The company expects net sales of approximately $3.02 billion for fiscal 2026 and non-GAAP diluted earnings per share between $2.55 and $2.75.

In summary, Barclays' decision to keep G-III Apparel Group underweight and raise the price target reflects a cautious outlook on the company's prospects. The updated price target of $21.00 per share suggests that the analyst believes the stock is undervalued, but investors should closely monitor the company's performance and the broader market conditions.

References:
[1] https://www.marketbeat.com/instant-alerts/telsey-advisory-group-reaffirms-market-perform-rating-for-g-iii-apparel-group-nasdaqgiii-2025-09-02/
[2] https://seekingalpha.com/news/4492428-g-iii-apparel-signals-3_02b-fiscal-2026-net-sales-target-as-company-prioritizes-owned-brands