G-III Apparel Group, LTD. $GIII Shares Bought by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC raised its stake in G-III Apparel Group, LTD. (NASDAQ:GIII) by 7.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,112 shares of the textile maker’s stock after buying an additional 3,755 shares during the quarter. Exchange Traded Concepts LLC owned about 0.12% of G-III Apparel Group worth $1,190,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd lifted its position in G-III Apparel Group by 5,154.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock valued at $32,000 after buying an additional 1,134 shares during the last quarter. Byrne Asset Management LLC acquired a new position in G-III Apparel Group in the second quarter valued at about $28,000. Public Employees Retirement System of Ohio acquired a new position in G-III Apparel Group in the fourth quarter valued at about $68,000. Strs Ohio acquired a new position in G-III Apparel Group in the first quarter valued at about $77,000. Finally, Quarry LP lifted its position in G-III Apparel Group by 176.1% in the first quarter. Quarry LP now owns 3,073 shares of the textile maker’s stock valued at $84,000 after buying an additional 1,960 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Price Performance

Shares of NASDAQ GIII opened at $26.60 on Tuesday. The stock has a fifty day moving average price of $25.54 and a 200 day moving average price of $25.33. G-III Apparel Group, LTD. has a 1-year low of $20.33 and a 1-year high of $36.18. The company has a market cap of $1.12 billion, a PE ratio of 6.58 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.15. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The firm had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. During the same period last year, the company earned $0.52 earnings per share. 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. Analysts anticipate that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on GIII shares. Barclays increased their price target on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a research report on Friday, September 5th. Telsey Advisory Group reissued a “market perform” rating and set a $30.00 price target (up previously from $27.00) on shares of G-III Apparel Group in a research report on Tuesday, September 2nd. Zacks Research cut shares of G-III Apparel Group from a “hold” rating to a “strong sell” rating in a research report on Monday, September 8th. Wall Street Zen cut shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 14th. Finally, KeyCorp increased their price target on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $29.60.

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.