Legal & General Group Plc Purchases Shares of 87,526 G-III Apparel Group, LTD. $GIII

Legal & General Group Plc purchased a new position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) during the second quarter, HoldingsChannel reports. The firm purchased 87,526 shares of the textile maker’s stock, valued at approximately $2,951,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its holdings in shares of G-III Apparel Group by 2.5% during the first quarter. Illinois Municipal Retirement Fund now owns 19,758 shares of the textile maker’s stock valued at $547,000 after acquiring an additional 482 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of G-III Apparel Group by 3.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 19,407 shares of the textile maker’s stock worth $435,000 after purchasing an additional 592 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in G-III Apparel Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after purchasing an additional 1,018 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in G-III Apparel Group by 1.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,437 shares of the textile maker’s stock valued at $1,982,000 after purchasing an additional 1,094 shares during the period. Finally, Parallel Advisors LLC increased its stake in G-III Apparel Group by 231.9% during the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 1,243 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on GIII. Zacks Research lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. 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. Telsey Advisory Group dropped their price target on shares of G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating on the stock in a research report on Thursday. BTIG Research reissued a “buy” rating and set a $40.00 price objective on shares of G-III Apparel Group in a report on Wednesday. Finally, Wall Street Zen upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Saturday. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.50.

G-III Apparel Group Price Performance

NASDAQ GIII opened at $27.74 on Friday. The company has a fifty day moving average price of $34.13 and a 200-day moving average price of $31.83. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 9.13 and a beta of 1.27. G-III Apparel Group, LTD. has a 1 year low of $24.61 and a 1 year high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.03. G-III Apparel Group had a net margin of 4.75% and a return on equity of 5.55%. The company had revenue of $554.09 million for the quarter, compared to analyst estimates of $570.37 million. During the same period last year, the firm earned $0.25 earnings per share. The firm’s revenue was down 9.7% on a year-over-year basis. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. On average, research analysts anticipate that G-III Apparel Group, LTD. will post 2.25 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.4%. G-III Apparel Group’s dividend payout ratio (DPR) is currently 14.13%.

More G-III Apparel Group News

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: Marc Jacobs provides a major growth opportunity. G-III’s acquisition of the luxury brand expands its owned-brand portfolio, and Marc Jacobs is expected to eventually generate approximately $1 billion in annual revenue. The strategy could improve brand control, margins and long-term growth. G-III Apparel’s Strategic Transformation Gains Steam With Marc Jacobs
• Positive Sentiment: Earnings and profitability showed resilience. Second-quarter EPS exceeded expectations, supported by gross-margin expansion, cost controls and stronger performance from owned brands. The company also raised its earnings outlook, reinforcing the view that the strategic transition is improving underlying profitability. G-III Apparel Q2 Fiscal 2027 EPS Rises
• Positive Sentiment: BTIG reaffirmed its Buy rating and $40 price target, indicating substantial potential upside and confidence in G-III’s brand transformation. BTIG rating update
• Neutral Sentiment: Analyst views remain divided. Coverage highlights attractive owned-brand growth and margin gains, but characterizes the risk-reward profile as balanced while Marc Jacobs integration and execution are tested. G-III Apparel Group: Lots Of Moving Factors
• Negative Sentiment: Revenue remains under pressure. Second-quarter sales declined roughly 10% year over year and missed estimates, while the loss of key PVH licenses and European weakness are weighing on headline results. Q3 guidance was viewed as disappointing. G-III Apparel Mixed Q2 Read-Across
• Negative Sentiment: Execution and cash-flow risks limit enthusiasm. Analysts cited declining cash-flow trends, continued wholesale exposure and uncertainty surrounding Marc Jacobs. Telsey lowered its price target from $38 to $32 and changed its rating to Market Perform. Telsey Advisory Group rating update

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.