Telsey Advisory analyst Dana Telsey raised the firm’s price target on G-III Apparel (GIII) to $38 from $32 and keeps a Market Perform rating on the shares. Trends from the first half of the year continued into Q3, with softer sales that was more than offset by better gross margin and expense control leading to the earnings beat, the analyst tells investors. The firm remains encouraged by the company’s efforts to increase its higher margin owned-brand exposure and grow its DTC penetration. Telsey maintains its rating on the stock given the continued pressure from the challenging macro environment and choppy wholesale channel.
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Read More on GIII:
- G-III Apparel price target raised to $40 from $34 at KeyBanc
- G-III Apparel price target raised to $29 from $27 at Barclays
- G-III Apparel Reports Strong Q3 Fiscal 2025 Results
- G-III Apparel reports Q3 EPS $2.55, consensus $2.28
- G-III Apparel raises FY25 EPS view to $4.10-$4.20 from $3.95-$4.05
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
