G-III Apparel Likely To Post Sharp Decline In Q2 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

G-III Apparel Group, Ltd. GIII is expected to report financial results for its second quarter 2024, before the opening bell on Sept. 7, 2023.

Analysts expect the company to post quarterly earnings at 1 cent per share, down sharply from year-ago earnings of 39 cents per share. The company’s revenue might come in at $592.32 million, compared to $605.24 million in the year-ago period.

G-III Apparel shares fell 0.5% to close at $19.30 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Piper Sandler analyst Edward Yruma maintained a Neutral rating and raised the price target from $16 to $17 on June 7, 2023. This analyst has an accuracy rate of 74%.
• UBS analyst Jay Sole maintained a Neutral rating and boosted the price target from $16 to $21 on June 7, 2023. This analyst has an accuracy rate of 71%.
• Barclays analyst Adrienne Yih maintained an Equal-Weight rating and cut the price target from $18 to $13 on Dec. 6, 2022. This analyst has an accuracy rate of 72%.
• Wells Fargo analyst Ike Boruchow maintained an Equal-Weight rating and slashed the price target from $20 to $17 on Dec. 1, 2022. This analyst has an accuracy rate of 65%.

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