Allianz Asset Management GmbH Buys 49,159 Shares of G-III Apparel Group, LTD. $GIII

Allianz Asset Management GmbH boosted its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 431.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,558 shares of the textile maker’s stock after purchasing an additional 49,159 shares during the quarter. Allianz Asset Management GmbH owned about 0.14% of G-III Apparel Group worth $1,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd increased its position in shares of G-III Apparel Group by 5,154.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock worth $32,000 after purchasing an additional 1,134 shares in the last quarter. Byrne Asset Management LLC acquired a new position in shares of G-III Apparel Group during the second quarter worth $28,000. Strs Ohio acquired a new position in shares of G-III Apparel Group during the first quarter worth $77,000. Quarry LP increased its position in shares of G-III Apparel Group by 176.1% during the first quarter. Quarry LP now owns 3,073 shares of the textile maker’s stock worth $84,000 after purchasing 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 first quarter worth $106,000. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

NASDAQ:GIII opened at $28.26 on Friday. G-III Apparel Group, LTD. has a one year low of $20.33 and a one year high of $36.18. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 7.00 and a beta of 1.58. The firm’s fifty day moving average is $26.91 and its two-hundred day moving average is $25.48.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share (EPS) 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 business had revenue of $613.27 million for the quarter, compared to analyst estimates of $568.67 million. During the same period in the prior year, the company 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. As a group, equities research analysts predict that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GIII has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Tuesday, October 14th. Telsey Advisory Group reissued a “market perform” rating and set a $30.00 price objective (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. KeyCorp boosted their price objective on shares of G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report 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. Finally, Barclays boosted their price objective on shares of G-III Apparel Group from $18.00 to $21.00 and gave the company an “underweight” rating in a report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, G-III Apparel Group has an average rating of “Hold” and an average target price of $30.00.

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.