G-III Apparel stock rating reiterated at Overweight by KeyBanc

Investing.com - KeyBanc has reiterated its Overweight rating and $33.00 price target on G-III Apparel (NASDAQ:GIII) following a meeting with the company’s leadership team. According to InvestingPro data, the company currently trades at an attractive P/E ratio of 6.7x and maintains a "GREAT" financial health score, suggesting potential upside from current levels.

The investment firm hosted a lunch with G-III’s CFO Neal Nackman, Chief Growth and Operations Officer Dana Perlman, SVP IR and Treasurer Priya Trivedi, and IR representative Samantha Hanley, where discussions focused on the company’s future portfolio, tariff concerns, and current business fundamentals.

KeyBanc analyst Ashley Owens noted that while no material changes have occurred since G-III’s most recent earnings report last week, the discussions reinforced the firm’s confidence in the company’s long-term brand portfolio strategy.

The analyst highlighted that despite ongoing market uncertainty, G-III may be better positioned than competitors to navigate current business conditions.

KeyBanc maintained its positive outlook on G-III Apparel based on the company’s potential to outperform peers in the challenging retail environment.

In other recent news, G-III Apparel reported its second-quarter earnings for fiscal year 2025, surpassing expectations with an earnings per share (EPS) of $0.25, which exceeded the forecast of $0.0925 by 170.27%. The company’s revenue also came in slightly above expectations at $613 million, compared to the anticipated $568.67 million. Despite these strong financial results, the company’s stock experienced a decline in pre-market and extended trading sessions. Additionally, KeyBanc raised its price target for G-III Apparel to $33 from $30, maintaining an Overweight rating on the stock. The firm highlighted the company’s quarterly results, which exceeded the high end of guidance despite challenging market conditions. KeyBanc also noted G-III Apparel’s updated outlook for 2025, acknowledging increased pressure anticipated in the second half of the year. These developments reflect recent activity surrounding G-III Apparel, providing investors with critical insights into the company’s current performance and future expectations.

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