G-III Apparel guidance likely conservative, says Stephens Stephens believes G-III Apparel's Q1 guidance is likely conservative, as has been the case in past quarters. The firm expects G-III to gain market share within department stores and continue diversifying and maintains its Overweight rating and $75 price target on the stock.
G-III Apparel estimates lowered at Stephens following Macy's report Stephens analyst Rick Patel lowered his estimates for G-III Apparel (GIII) and cut his price target on the stock to $70 from $79 in response to the weaker than expected Q3 results reported by its customer Macy's (M). Patel notes that Macy's accounts for only 18% of G-III sales, but also acknowledges that implications of weak consumer demand could have a broader impact. He keeps an Overweight rating on G-III, however, citing its long-term opportunity, and said the recent pullback presents a good buying opportunity for patient investors.