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Investing.com - BTIG initiated coverage of G-III Apparel Group (NASDAQ:GIII) with a Buy rating and a $32.00 price target on Tuesday. According to InvestingPro data, the stock currently trades at $26.55 with a notably low P/E ratio of 6.6, suggesting potential undervaluation relative to peers.
The research firm cited G-III’s "solid progress on its ongoing company transformation" as a key factor in its positive outlook, despite acknowledging challenges facing the apparel manufacturer. This transformation appears to be yielding results, as InvestingPro analysis shows the company maintains a "GREAT" financial health score, with particularly strong cash flow metrics.
BTIG identified the PVH license takeback as an "ongoing challenge" for G-III, along with pressure from tariffs that continue to impact the company’s operations.
The firm established earnings per share estimates for G-III of $2.70 for fiscal year 2026 and $2.75 for fiscal year 2027.
BTIG also noted it maintains a Buy rating on PVH (NYSE:PVH) with a price target of $100.
In other recent news, G-III Apparel Group Ltd reported its second-quarter earnings for fiscal year 2025, exceeding expectations with an earnings per share (EPS) of $0.25. This figure significantly surpassed the forecast of $0.0925, marking a 170.27% increase. The company also reported revenue of $613 million, slightly above the anticipated $568.67 million. Despite these strong financial results, the company’s stock experienced a decline in both pre-market and extended trading sessions. Additionally, KeyBanc raised its price target for G-III Apparel to $33.00 from $30.00, maintaining an Overweight rating on the stock. The firm highlighted that the company’s quarterly results exceeded the high end of guidance amid challenging market conditions. KeyBanc also noted that G-III Apparel provided an updated outlook for 2025, indicating increased pressure expected in the second half of the year. These developments reflect ongoing investor interest and analysis of G-III Apparel’s financial performance and future prospects.
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