Vanguard Group Inc. Trims Stock Holdings in G-III Apparel Group, LTD. $GIII

Vanguard Group Inc. trimmed its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII) by 0.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,716,787 shares of the textile maker’s stock after selling 13,836 shares during the period. Vanguard Group Inc. owned approximately 10.75% of G-III Apparel Group worth $129,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in G-III Apparel Group by 3,366.6% in the 1st quarter. GAMMA Investing LLC now owns 23,330 shares of the textile maker’s stock valued at $638,000 after buying an additional 22,657 shares in the last quarter. Phocas Financial Corp. grew its stake in G-III Apparel Group by 84.4% in the 4th quarter. Phocas Financial Corp. now owns 234,020 shares of the textile maker’s stock valued at $7,634,000 after buying an additional 107,082 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in G-III Apparel Group in the 1st quarter valued at approximately $334,000. CX Institutional bought a new position in G-III Apparel Group in the 1st quarter valued at $2,571,000. Finally, Janney Montgomery Scott LLC boosted its holdings in G-III Apparel Group by 5.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker’s stock valued at $454,000 after purchasing an additional 861 shares during the period. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Stock Performance

NASDAQ GIII opened at $26.05 on Friday. G-III Apparel Group, LTD. has a 52-week low of $20.33 and a 52-week high of $36.18. The company has a market capitalization of $1.13 billion, a P/E ratio of 6.03 and a beta of 1.49. The company has a fifty day moving average of $23.63 and a 200-day moving average of $25.59.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Friday, June 6th. The textile maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.06. G-III Apparel Group had a net margin of 6.20% and a return on equity of 12.65%. The company had revenue of $583.61 million during the quarter, compared to the consensus estimate of $579.48 million. During the same period in the previous year, the firm posted $0.12 EPS. The firm’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, analysts forecast that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other G-III Apparel Group news, Director Amigo Victor Herrero purchased 5,000 shares of the business’s stock in a transaction on Tuesday, June 24th. The stock was acquired at an average cost of $21.95 per share, for a total transaction of $109,750.00. Following the completion of the transaction, the director directly owned 54,746 shares in the company, valued at approximately $1,201,674.70. This represents a 10.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 13.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on GIII. UBS Group cut their price target on shares of 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. Barclays cut their price target on shares of G-III Apparel Group from $21.00 to $18.00 and set an “underweight” rating for the company in a report on Monday, June 9th. KeyCorp cut their price target on shares of G-III Apparel Group from $40.00 to $30.00 and set an “overweight” rating for the company in a report on Monday, June 9th. Wall Street Zen downgraded shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 14th. Finally, Telsey Advisory Group cut their price target on shares of G-III Apparel Group from $30.00 to $27.00 and set a “market perform” rating for the company in a report on Monday, June 9th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $27.80.

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.