Deutsche Bank AG Trims Position in G-III Apparel Group, LTD. $GIII

Deutsche Bank AG lessened its holdings in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 91,814 shares of the textile maker’s stock after selling 3,080 shares during the quarter. Deutsche Bank AG owned approximately 0.21% of G-III Apparel Group worth $2,511,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. LSV Asset Management increased its position in G-III Apparel Group by 13.2% during the 1st quarter. LSV Asset Management now owns 846,904 shares of the textile maker’s stock valued at $23,163,000 after purchasing an additional 98,923 shares during the period. Victory Capital Management Inc. boosted its stake in shares of G-III Apparel Group by 25.0% during the 1st quarter. Victory Capital Management Inc. now owns 706,288 shares of the textile maker’s stock valued at $19,317,000 after purchasing an additional 141,290 shares in the last quarter. Northern Trust Corp boosted its stake in shares of G-III Apparel Group by 21.8% during the 4th quarter. Northern Trust Corp now owns 520,931 shares of the textile maker’s stock valued at $16,993,000 after purchasing an additional 93,263 shares in the last quarter. Barclays PLC increased its position in shares of G-III Apparel Group by 34.9% during the fourth quarter. Barclays PLC now owns 381,316 shares of the textile maker’s stock valued at $12,439,000 after buying an additional 98,655 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in G-III Apparel Group by 111.7% in the fourth quarter. Point72 Asset Management L.P. now owns 381,126 shares of the textile maker’s stock worth $12,432,000 after buying an additional 201,126 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

Insider Buying and Selling at G-III Apparel Group

In other G-III Apparel Group news, Director Amigo Victor Herrero purchased 5,000 shares of the 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 acquisition, the director directly owned 54,746 shares in the company, valued at $1,201,674.70. This trade represents a 10.05% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.00% of the stock is owned by corporate insiders.

G-III Apparel Group Stock Performance

Shares of G-III Apparel Group stock opened at $26.07 on Wednesday. The company has a 50-day simple moving average of $23.45 and a two-hundred day simple moving average of $25.61. G-III Apparel Group, LTD. has a 52-week low of $20.33 and a 52-week high of $36.18. The stock has a market capitalization of $1.13 billion, a PE ratio of 6.03 and a beta of 1.49.

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

Analyst Ratings Changes

Several analysts have weighed in on GIII shares. KeyCorp cut their price objective on G-III Apparel Group from $40.00 to $30.00 and set an “overweight” rating on the stock in a research report on Monday, June 9th. Telsey Advisory Group lowered their target price on G-III Apparel Group from $30.00 to $27.00 and set a “market perform” rating for the company in a research note on Monday, June 9th. Barclays dropped their price target on G-III Apparel Group from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Monday, June 9th. UBS Group decreased their price objective on G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating for the company in a report on Monday, June 9th. Finally, Wall Street Zen lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 14th. Two equities research 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. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.80.

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.