Northern Trust Corp Reduces Stock Position in G-III Apparel Group, LTD. $GIII

Northern Trust Corp lessened its position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 502,245 shares of the textile maker’s stock after selling 18,686 shares during the period. Northern Trust Corp owned about 1.14% of G-III Apparel Group worth $13,736,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in GIII. Nuveen LLC bought a new stake in shares of G-III Apparel Group during the first quarter valued at approximately $11,614,000. Balyasny Asset Management L.P. bought a new position in shares of G-III Apparel Group in the fourth quarter valued at approximately $7,628,000. Point72 Asset Management L.P. boosted its holdings in shares of 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 valued at $12,432,000 after acquiring an additional 201,126 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of G-III Apparel Group by 11.1% in the 1st quarter. American Century Companies Inc. now owns 1,624,350 shares of the textile maker’s stock worth $44,426,000 after purchasing an additional 162,904 shares in the last quarter. Finally, 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 worth $19,317,000 after purchasing an additional 141,290 shares in the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at G-III Apparel Group

In other G-III Apparel Group news, Director Amigo Victor Herrero acquired 5,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director owned 54,746 shares of the company’s stock, valued at approximately $1,201,674.70. This trade represents a 10.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 13.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on GIII. KeyCorp dropped their target price 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. Wall Street Zen cut shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 14th. UBS Group decreased their target price 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. Telsey Advisory Group reiterated a “market perform” rating and issued a $27.00 target price on shares of G-III Apparel Group in a report on Tuesday. Finally, Barclays decreased their target price 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. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $27.80.

G-III Apparel Group Stock Up 0.3%

GIII stock opened at $27.12 on Thursday. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 6.28 and a beta of 1.49. G-III Apparel Group, LTD. has a 12 month low of $20.33 and a 12 month high of $36.18. The firm has a 50 day moving average of $24.60 and a two-hundred day moving average of $25.40.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Friday, June 6th. The textile maker reported $0.19 EPS for the quarter, beating 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 business had revenue of $583.61 million for the quarter, compared to analyst estimates of $579.48 million. During the same quarter in the prior year, the firm posted $0.12 EPS. The firm’s revenue for the quarter 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 expect that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

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.