Vanguard Group Inc. Decreases Holdings in G-III Apparel Group, LTD. $GIII

Vanguard Group Inc. reduced its stake in G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 4,542,851 shares of the textile maker’s stock after selling 185,539 shares during the quarter. Vanguard Group Inc. owned 0.11% of G-III Apparel Group worth $120,885,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Amalgamated Bank boosted its stake in G-III Apparel Group by 3.4% in the third quarter. Amalgamated Bank now owns 11,247 shares of the textile maker’s stock valued at $299,000 after acquiring an additional 375 shares during the last quarter. Lido Advisors LLC grew its holdings in G-III Apparel Group by 2.0% during the second quarter. Lido Advisors LLC now owns 20,594 shares of the textile maker’s stock valued at $461,000 after purchasing an additional 395 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in G-III Apparel Group by 5.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,781 shares of the textile maker’s stock worth $219,000 after buying an additional 539 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of G-III Apparel Group by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the textile maker’s stock valued at $435,000 after buying an additional 592 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of G-III Apparel Group by 1.8% during the 2nd quarter. Franklin Resources Inc. now owns 55,847 shares of the textile maker’s stock valued at $1,251,000 after buying an additional 1,003 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GIII shares. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a report on Friday, January 9th. UBS Group reduced their target price on shares of G-III Apparel Group from $32.00 to $30.00 and set a “neutral” rating for the company in a research note on Tuesday. KeyCorp restated an “overweight” rating and set a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Telsey Advisory Group set a $34.00 price objective on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Finally, BTIG Research increased their target price on G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $30.80.

G-III Apparel Group Stock Performance

NASDAQ:GIII opened at $30.68 on Thursday. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 9.21 and a beta of 1.29. The stock has a fifty day moving average of $30.02 and a 200 day moving average of $28.65. G-III Apparel Group, LTD. has a 52-week low of $20.33 and a 52-week high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.29. The firm had revenue of $988.65 million during the quarter, compared to the consensus estimate of $1.01 billion. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the company posted $2.59 EPS. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Equities analysts forecast that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

About G-III Apparel Group

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women’s and men’s apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies’ apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company’s product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.