Key facts
- BTIG raised G-III Apparel's stock price target to $40.
- The price target increase was influenced by G-III Apparel's margin outlook.
- G-III Apparel forecasts non-GAAP EPS of $2.15-$2.25 for fiscal 2027.
- G-III Apparel targets $1 billion in long-term revenue for its Marc Jacobs brand.
BTIG has raised its stock price target for G-III Apparel Group to $40, citing the company's positive margin outlook. This analyst action comes after G-III Apparel provided financial projections for fiscal year 2027, anticipating non-GAAP earnings per share to fall within the range of $2.15 to $2.25. The company also set an ambitious long-term revenue goal of $1 billion for its Marc Jacobs brand. These targets indicate the company's strategic focus on profitability and the growth potential it sees in its luxury segment, which BTIG appears to view favorably.