State of Alaska Department of Revenue Increases Stock Holdings in G-III Apparel Group, LTD. $GIII

State of Alaska Department of Revenue lifted its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 6.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,686 shares of the textile maker’s stock after buying an additional 1,286 shares during the period. State of Alaska Department of Revenue owned about 0.05% of G-III Apparel Group worth $507,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. American Century Companies Inc. boosted its position in shares of G-III Apparel Group by 11.1% during the first quarter. American Century Companies Inc. now owns 1,624,350 shares of the textile maker’s stock valued at $44,426,000 after buying an additional 162,904 shares during the last quarter. Millennium Management LLC boosted its position in shares of G-III Apparel Group by 139.3% during the first quarter. Millennium Management LLC now owns 953,185 shares of the textile maker’s stock valued at $26,070,000 after buying an additional 554,933 shares during the last quarter. LSV Asset Management boosted its position in shares of G-III Apparel Group by 13.2% during the first quarter. LSV Asset Management now owns 846,904 shares of the textile maker’s stock valued at $23,163,000 after buying an additional 98,923 shares during the last quarter. Victory Capital Management Inc. boosted its position in G-III Apparel Group by 25.0% in the first 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 during the last quarter. Finally, Bridgeway Capital Management LLC boosted its position in G-III Apparel Group by 0.8% in the first quarter. Bridgeway Capital Management LLC now owns 619,051 shares of the textile maker’s stock worth $16,931,000 after purchasing an additional 4,851 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

NASDAQ:GIII opened at $27.07 on Thursday. 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 cap of $1.14 billion, a price-to-earnings ratio of 6.70 and a beta of 1.58. The business’s fifty day moving average is $26.32 and its 200 day moving average is $25.40.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data 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 return on equity of 11.53% and a net margin of 5.84%.The company had revenue of $613.27 million for the quarter, compared to analyst estimates of $568.67 million. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. 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. Equities analysts predict that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. KeyCorp boosted their price objective on 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. Weiss Ratings reissued a “hold (c)” rating on shares of G-III Apparel Group in a research report on Saturday, September 27th. Zacks Research cut G-III Apparel Group from a “hold” rating to a “strong sell” rating in a research report on Monday, September 8th. Barclays boosted their price objective on 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. Finally, Telsey Advisory Group reissued 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 research report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, G-III Apparel Group currently has a consensus rating of “Hold” and an average price target 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.