PNC Financial Services Group Inc. Has $132,000 Stock Holdings in G-III Apparel Group, LTD. $GIII

PNC Financial Services Group Inc. lessened its position in G-III Apparel Group, LTD. (NASDAQ:GIII) by 10.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,824 shares of the textile maker’s stock after selling 546 shares during the quarter. PNC Financial Services Group Inc.’s holdings in G-III Apparel Group were worth $132,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in GIII. Wells Fargo & Company MN increased its position in shares of G-III Apparel Group by 17.7% during the 4th quarter. Wells Fargo & Company MN now owns 29,147 shares of the textile maker’s stock worth $951,000 after purchasing an additional 4,391 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of G-III Apparel Group by 18.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 13,354 shares of the textile maker’s stock worth $436,000 after acquiring an additional 2,079 shares during the period. Raymond James Financial Inc. bought a new position in shares of G-III Apparel Group during the 4th quarter worth approximately $5,428,000. Barclays PLC boosted its stake in shares of G-III Apparel Group by 34.9% during the 4th quarter. Barclays PLC now owns 381,316 shares of the textile maker’s stock worth $12,439,000 after acquiring an additional 98,655 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of G-III Apparel Group by 65.5% during the 4th quarter. First Trust Advisors LP now owns 143,942 shares of the textile maker’s stock worth $4,695,000 after acquiring an additional 56,950 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GIII. KeyCorp reduced their target price on G-III Apparel Group from $40.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, June 9th. Barclays reduced their target price on G-III Apparel Group from $21.00 to $18.00 and set an “underweight” rating for the company in a research note on Monday, June 9th. UBS Group reduced their target price on G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating for the company in a research note on Monday, June 9th. Wall Street Zen downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 14th. Finally, Telsey Advisory Group reduced their price target 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. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, G-III Apparel Group presently has an average rating of “Hold” and an average price target of $27.80.

Insider Transactions at G-III Apparel Group

In other news, Director Amigo Victor Herrero purchased 5,000 shares of the business’s stock in a transaction on Tuesday, June 24th. The shares were acquired at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 13.00% of the company’s stock.

G-III Apparel Group Stock Performance

G-III Apparel Group stock opened at $26.07 on Wednesday. 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 P/E ratio of 6.03 and a beta of 1.49. The stock has a fifty day moving average of $23.45 and a 200-day moving average of $25.61.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Friday, June 6th. The textile maker reported $0.19 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $583.61 million during the quarter, compared to analysts’ expectations of $579.48 million. During the same quarter in the previous year, the firm earned $0.12 EPS. G-III Apparel Group’s revenue was down 4.3% on a year-over-year basis. G-III Apparel Group has set its Q2 2026 guidance at 0.020-0.120 EPS. FY 2026 guidance at EPS. On average, research analysts forecast that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

About G-III Apparel Group

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.