Janney Montgomery Scott LLC Sells 1,626 Shares of G-III Apparel Group, LTD. $GIII

Janney Montgomery Scott LLC lessened its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII) by 9.8% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 14,974 shares of the textile maker’s stock after selling 1,626 shares during the period. Janney Montgomery Scott LLC’s holdings in G-III Apparel Group were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in G-III Apparel Group by 11.1% during the 1st quarter. American Century Companies Inc. now owns 1,624,350 shares of the textile maker’s stock worth $44,426,000 after acquiring an additional 162,904 shares during the period. Millennium Management LLC raised its stake in G-III Apparel Group by 139.3% during the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker’s stock worth $26,070,000 after acquiring an additional 554,933 shares during the period. LSV Asset Management raised its stake in G-III Apparel Group by 13.2% during the 1st quarter. LSV Asset Management now owns 846,904 shares of the textile maker’s stock worth $23,163,000 after acquiring an additional 98,923 shares during the period. Victory Capital Management Inc. raised its stake in G-III Apparel Group by 25.0% during the 1st quarter. Victory Capital Management Inc. now owns 706,288 shares of the textile maker’s stock worth $19,317,000 after acquiring an additional 141,290 shares during the period. Finally, Bridgeway Capital Management LLC raised its stake in G-III Apparel Group by 0.8% during the 1st quarter. Bridgeway Capital Management LLC now owns 619,051 shares of the textile maker’s stock worth $16,931,000 after acquiring an additional 4,851 shares during the period. Institutional investors own 92.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Barclays raised their target price on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a research note on Friday, September 5th. Zacks Research lowered shares of G-III Apparel Group from a “hold” rating to a “strong sell” rating in a report on Monday, September 8th. KeyCorp boosted their target price 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. Telsey Advisory Group restated a “market perform” rating and set a $30.00 target price (up previously from $27.00) on shares of G-III Apparel Group in a research report on Tuesday, September 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Tuesday, October 14th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, G-III Apparel Group has an average rating of “Hold” and an average target price of $30.00.

G-III Apparel Group Stock Performance

Shares of GIII opened at $27.52 on Monday. The company’s fifty day moving average is $26.65 and its 200 day moving average is $25.34. G-III Apparel Group, LTD. has a fifty-two week low of $20.33 and a fifty-two week high of $36.18. The stock has a market capitalization of $1.16 billion, a PE ratio of 6.81 and a beta of 1.58.

G-III Apparel Group (NASDAQ:GIII) last announced 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 net margin of 5.84% and a return on equity of 11.53%. The company had revenue of $613.27 million for the quarter, compared to analysts’ expectations of $568.67 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. G-III Apparel Group’s quarterly revenue 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. As a group, research analysts forecast that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

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.