G-III Apparel stock price target raised to $33 from $30 at KeyBanc

Investing.com - KeyBanc raised its price target on G-III Apparel (NASDAQ:GIII) to $33.00 from $30.00 on Friday, while maintaining an Overweight rating on the stock. The company, currently valued at $1.2 billion, trades at an attractive P/E ratio of 6.1x, according to InvestingPro data.

The firm cited G-III’s quarterly results, which came in above the high end of guidance despite challenging market conditions. With a strong financial health score of 3.42 out of 5 on InvestingPro, the company maintains robust operational metrics. KeyBanc noted that the company provided an updated outlook for 2025, acknowledging increased pressure expected in the second half of the year.

G-III Apparel’s guidance was revised downward for the remainder of the year, with the company citing tariffs and caution from retail partners as key factors affecting its top-line projections.

Despite near-term challenges, KeyBanc expressed continued confidence in G-III’s owned brand potential, seeing opportunities for growth and earnings expansion into next year.

The firm highlighted G-III’s ability to execute amid uncertainty as an encouraging sign, supporting its decision to maintain an Overweight rating while raising the price target. The company maintains a strong free cash flow yield and operates with moderate debt levels, demonstrating solid financial management.

In other recent news, G-III Apparel Group Ltd reported its second-quarter earnings for fiscal year 2025, delivering results that exceeded analyst expectations. The company achieved an earnings per share (EPS) of $0.25, which is a significant 170.27% above the forecasted $0.0925. Additionally, G-III Apparel reported revenue of $613 million, surpassing the anticipated $568.67 million. Despite these positive financial results, the company’s stock experienced a decline in pre-market and extended trading sessions. This performance indicates a degree of caution among investors. These developments are part of the recent activities surrounding G-III Apparel.

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