G-III Apparel Group, LTD. $GIII Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. cut its stake in G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 160,844 shares of the textile maker’s stock after selling 4,971 shares during the period. Russell Investments Group Ltd. owned approximately 0.37% of G-III Apparel Group worth $4,399,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of GIII. Public Employees Retirement System of Ohio acquired a new stake in shares of G-III Apparel Group in the fourth quarter worth approximately $68,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of G-III Apparel Group in the first quarter worth approximately $106,000. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of G-III Apparel Group by 18.6% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker’s stock worth $117,000 after acquiring an additional 564 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of G-III Apparel Group in the fourth quarter worth approximately $217,000. Finally, Bridgefront Capital LLC acquired a new stake in shares of G-III Apparel Group in the fourth quarter worth approximately $249,000. 92.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at G-III Apparel Group

In related news, Director Amigo Victor Herrero purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 24th. The stock was acquired at an average price of $21.95 per share, with a total value of $109,750.00. Following the completion of the transaction, the director owned 54,746 shares of the company’s stock, valued at $1,201,674.70. This represents a 10.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 13.00% of the company’s stock.

G-III Apparel Group Stock Up 3.6%

GIII opened at $26.99 on Friday. G-III Apparel Group, LTD. has a 52-week low of $20.33 and a 52-week high of $36.18. The firm has a market capitalization of $1.17 billion, a P/E ratio of 6.25 and a beta of 1.49. The firm’s 50 day moving average is $23.76 and its 200-day moving average is $25.56.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Friday, June 6th. The textile maker reported $0.19 earnings per share 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 business had revenue of $583.61 million during the quarter, compared to the consensus estimate of $579.48 million. During the same quarter last year, the company earned $0.12 earnings per share. The business’s quarterly 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. Equities analysts expect that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Barclays decreased their target price on shares of 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. 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 on the stock in a report on Monday, June 9th. UBS Group cut their price target on shares of 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. Wall Street Zen lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 14th. Finally, KeyCorp cut their price target on shares of 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. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $27.80.

G-III Apparel Group Company 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.