Bridgeway Capital Management LLC Has $13.11 Million Holdings in G-III Apparel Group, LTD. $GIII

Bridgeway Capital Management LLC lessened its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII) by 15.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 452,693 shares of the textile maker’s stock after selling 84,797 shares during the period. Bridgeway Capital Management LLC owned about 1.07% of G-III Apparel Group worth $13,110,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Guggenheim Capital LLC acquired a new stake in shares of G-III Apparel Group in the 4th quarter worth about $674,000. AQR Capital Management LLC raised its holdings in shares of G-III Apparel Group by 19.5% in the 4th quarter. AQR Capital Management LLC now owns 772,319 shares of the textile maker’s stock worth $22,366,000 after acquiring an additional 125,942 shares during the last quarter. Atom Investors LP raised its holdings in shares of G-III Apparel Group by 4.1% in the 4th quarter. Atom Investors LP now owns 88,237 shares of the textile maker’s stock worth $2,555,000 after acquiring an additional 3,498 shares during the last quarter. Captrust Financial Advisors acquired a new stake in shares of G-III Apparel Group in the 4th quarter worth about $209,000. Finally, Magnetar Financial LLC acquired a new stake in shares of G-III Apparel Group in the 4th quarter worth about $512,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

Shares of GIII stock opened at $34.05 on Thursday. G-III Apparel Group, LTD. has a 52-week low of $21.10 and a 52-week high of $36.53. The company has a 50-day simple moving average of $31.40 and a two-hundred day simple moving average of $30.18. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 12.03 and a beta of 1.29.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The business had revenue of $535.96 million during the quarter, compared to the consensus estimate of $529.07 million. During the same period in the prior year, the firm posted $0.19 EPS. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. On average, sell-side analysts forecast that G-III Apparel Group, LTD. will post 2.23 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Monday, June 22nd. G-III Apparel Group’s dividend payout ratio is currently 14.13%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. KeyCorp restated an “overweight” rating and issued a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. BTIG Research upped their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Zacks Research raised shares of G-III Apparel Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 price objective (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.00.

G-III Apparel Group Profile

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.