Tweedy Browne Co LLC Buys New Shares in G-III Apparel Group, LTD. $GIII

Tweedy Browne Co LLC bought a new position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,393 shares of the textile maker’s stock, valued at approximately $862,000. Tweedy Browne Co LLC owned approximately 0.08% of G-III Apparel Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Morningstar Investment Management LLC acquired a new stake in shares of G-III Apparel Group during the 3rd quarter valued at $802,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of G-III Apparel Group by 6.5% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 34,101 shares of the textile maker’s stock worth $911,000 after acquiring an additional 2,069 shares during the last quarter. Verition Fund Management LLC raised its position in shares of G-III Apparel Group by 32.5% during the third quarter. Verition Fund Management LLC now owns 25,361 shares of the textile maker’s stock worth $675,000 after purchasing an additional 6,223 shares during the period. Prelude Capital Management LLC raised its position in shares of G-III Apparel Group by 236.6% during the third quarter. Prelude Capital Management LLC now owns 80,996 shares of the textile maker’s stock worth $2,155,000 after purchasing an additional 56,931 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of G-III Apparel Group by 54.2% during the third quarter. Public Employees Retirement System of Ohio now owns 21,082 shares of the textile maker’s stock valued at $561,000 after purchasing an additional 7,413 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Trading Up 0.1%

NASDAQ:GIII opened at $25.77 on Wednesday. The business’s fifty day moving average price is $29.73 and its 200 day moving average price is $28.76. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 17.18 and a beta of 1.29. G-III Apparel Group, LTD. has a 1-year low of $20.33 and a 1-year high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). G-III Apparel Group had a return on equity of 6.73% and a net margin of 2.28%.The business had revenue of $771.49 million for the quarter, compared to analyst estimates of $791.98 million. During the same quarter in the previous year, the business posted $1.27 earnings per share. The company’s revenue was down 8.1% compared to the same quarter last year. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. Equities analysts forecast that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

G-III Apparel Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Monday, March 23rd. G-III Apparel Group’s dividend payout ratio (DPR) is currently 26.67%.

Analyst Ratings Changes

GIII has been the topic of several recent analyst reports. Telsey Advisory Group restated a “market perform” rating and set a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. BTIG Research reiterated a “buy” rating and issued a $34.00 target price on shares of G-III Apparel Group in a report on Wednesday. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Friday, January 9th. 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 report on Wednesday, December 10th. Finally, UBS Group reduced their price target on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, G-III Apparel Group presently has a consensus rating of “Hold” and a consensus target price of $29.00.

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.