G-III Apparel Group, LTD. $GIII Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its holdings in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,684 shares of the textile maker’s stock after selling 4,135 shares during the quarter. Rhumbline Advisers owned about 0.28% of G-III Apparel Group worth $3,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in shares of G-III Apparel Group by 5,154.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 1,134 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of G-III Apparel Group during the 4th quarter valued at $68,000. Strs Ohio acquired a new position in shares of G-III Apparel Group during the 1st quarter valued at $77,000. Quarry LP lifted its holdings in shares of G-III Apparel Group by 176.1% during the 1st quarter. Quarry LP now owns 3,073 shares of the textile maker’s stock valued at $84,000 after acquiring an additional 1,960 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of G-III Apparel Group during the 1st quarter valued at $106,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

Shares of G-III Apparel Group stock opened at $27.38 on Tuesday. The firm has a market cap of $1.16 billion, a PE ratio of 6.78 and a beta of 1.49. The firm’s 50-day simple moving average is $25.22 and its 200-day simple moving average is $25.30. G-III Apparel Group, LTD. has a 1 year low of $20.33 and a 1 year high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The business had revenue of $613.27 million for the quarter, compared to analyst estimates of $568.67 million. During the same quarter in the prior year, the business posted $0.52 EPS. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS. On average, equities analysts predict that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

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 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 directly owned 54,746 shares in the company, valued at approximately $1,201,674.70. This 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. 13.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. 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. UBS Group cut their price objective 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. KeyCorp boosted their price objective on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Barclays boosted their price objective on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, September 5th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.60.

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.