Breaking Down G-III Apparel Group: 7 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
G-III Apparel Group (NASDAQ:GIII) received mixed analyst ratings with 1 somewhat bullish, 5 indifferent, and 1 somewhat bearish over the last quarter. The average 12-month price target is $28.43, up 15.57% from the previous $24.60. Analysts from Wells Fargo, UBS, Barclays, Telsey Advisory Group, and Keybanc have adjusted their price targets, reflecting a positive outlook on the company's performance. G-III Apparel Group, a textile company with brands like DKNY and Calvin Klein, has shown strong profitability with a net margin of 11.96% and ROE of 8.85%, but faced a revenue decline of -1.04% over 3 months.
January 16, 2024 | 2:00 pm
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POSITIVE IMPACT
Analysts have mixed views on GIII, but recent price target increases suggest a positive outlook. The company's strong profitability metrics may bolster investor confidence despite a minor revenue decline.
The increase in the average price target indicates a positive sentiment among analysts, which could lead to a short-term positive impact on GIII's stock price. The company's strong profitability metrics, such as net margin and ROE, are likely to be viewed favorably by investors, potentially offsetting the negative impact of the slight revenue decline.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100