Charles Schwab Investment Management Inc. Sells 33,021 Shares of G-III Apparel Group, LTD. $GIII

Charles Schwab Investment Management Inc. decreased its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,001,400 shares of the textile maker’s stock after selling 33,021 shares during the period. Charles Schwab Investment Management Inc. owned 2.28% of G-III Apparel Group worth $27,388,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GIII. Balyasny Asset Management L.P. purchased a new stake in G-III Apparel Group during the 4th quarter worth about $7,628,000. Point72 Asset Management L.P. lifted its holdings in G-III Apparel Group by 111.7% during the 4th quarter. Point72 Asset Management L.P. now owns 381,126 shares of the textile maker’s stock worth $12,432,000 after purchasing an additional 201,126 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of G-III Apparel Group in the 4th quarter valued at about $5,428,000. Victory Capital Management Inc. raised its holdings in shares of G-III Apparel Group by 25.0% in the 1st quarter. Victory Capital Management Inc. now owns 706,288 shares of the textile maker’s stock valued at $19,317,000 after acquiring an additional 141,290 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of G-III Apparel Group in the 4th quarter valued at about $3,970,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on GIII. Barclays lowered their price target on G-III Apparel Group from $21.00 to $18.00 and set an “underweight” rating on the stock in a report on Monday, June 9th. UBS Group lowered their price target on G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating on the stock in a report on Monday, June 9th. KeyCorp lowered their price target on G-III Apparel Group from $40.00 to $30.00 and set an “overweight” rating on the stock in a report on Monday, June 9th. Wall Street Zen cut G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 14th. Finally, Telsey Advisory Group lowered their price target on G-III Apparel Group from $30.00 to $27.00 and set a “market perform” rating on the stock in a report on Monday, June 9th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $27.80.

G-III Apparel Group Price Performance

GIII opened at $26.07 on Wednesday. The stock’s 50 day simple moving average is $23.45 and its 200 day simple moving average is $25.61. G-III Apparel Group, LTD. has a 1 year low of $20.33 and a 1 year high of $36.18. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 6.03 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Friday, June 6th. The textile maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. G-III Apparel Group had a return on equity of 12.65% and a net margin of 6.20%.The firm had revenue of $583.61 million for the quarter, compared to analysts’ expectations of $579.48 million. During the same period in the previous year, the firm earned $0.12 earnings per share. The business’s revenue was down 4.3% compared to the same quarter last year. G-III Apparel Group has set its Q2 2026 guidance at 0.020-0.120 EPS. FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

Insiders Place Their Bets

In related news, Director Amigo Victor Herrero bought 5,000 shares of the business’s stock in a transaction dated Tuesday, June 24th. The shares were purchased at an average cost of $21.95 per share, with a total value of $109,750.00. Following the completion of the purchase, the director owned 54,746 shares in the company, valued at approximately $1,201,674.70. The trade was a 10.05% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.00% of the stock is currently owned by insiders.

G-III Apparel Group Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.