UBS analyst Mauricio Serna lowered the firm’s price target on G-III Apparel (GIII) to $26 from $30 and keeps a Neutral rating on the shares. G-III Apparel has attractive brand assets and share gain opportunities, but its Q4 results highlighted that the phaseout of PVH Corp. (PVH) brands and higher SG&A investments in owned labels are pressuring EPS, with risks extending beyond FY27, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIII:
- G-III Apparel price target lowered to $29 from $34 at Telsey Advisory
- G-III Apparel Declares Quarterly Cash Dividend to Shareholders
- G-III Apparel Earnings Call: Brand Strength Amid Transition
- G-III Apparel reports Q4 adjusted EPS 30c, consensus 59c
- G-III Apparel sees FY27 EPS $2.00-$2.10, consensus $2.93