G-III Apparel Likely To Report Higher Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

G-III Apparel Group, Ltd. GIII is projected to release financial results for its third quarter 2024, before the opening bell on Dec. 5, 2023.

Analysts expect the company to post quarterly earnings at $2.05 per share, up from year-ago earnings of $1.35 per share. The company’s revenue might come in at $1.13 billion for the latest quarter, according to data from Benzinga Pro.

G-III Apparel, during September, reported second-quarter FY24 sales growth of 9% year-on-year to $659.76 million, beating the analyst consensus of $592.32 million.

G-III Apparel shares gained 1.4% to close at $29.17 on Friday.

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.

• Barclays analyst Paul Kearney maintained an Equal-Weight rating and increased the price target from $20 to $23 on Sept. 8, 2023. This analyst has an accuracy rate of 65%.
• Wells Fargo analyst Ike Boruchow maintained an Equal-Weight rating and raised the price target from $19 to $25 on Sept. 8, 2023. This analyst has an accuracy rate of 68%.
• Piper Sandler analyst Edward Yruma maintained a Neutral rating and increased the price target from $16 to $17 on June 7, 2023. This analyst has an accuracy rate of 73%.
• 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 70%.

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