VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Shares in G-III Apparel Group, LTD. $GIII

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in G-III Apparel Group, LTD. (NASDAQ:GIII) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 21,715 shares of the textile maker’s stock, valued at approximately $486,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.05% of G-III Apparel Group at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in GIII. Janney Montgomery Scott LLC increased its stake in G-III Apparel Group by 5.5% in the first quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker’s stock valued at $454,000 after purchasing an additional 861 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in G-III Apparel Group by 11.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 133,980 shares of the textile maker’s stock worth $3,664,000 after acquiring an additional 13,541 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in G-III Apparel Group by 15.9% during the first quarter. Illinois Municipal Retirement Fund now owns 20,617 shares of the textile maker’s stock worth $564,000 after acquiring an additional 2,831 shares during the last quarter. Principal Financial Group Inc. increased its stake in G-III Apparel Group by 2.6% during the first quarter. Principal Financial Group Inc. now owns 218,559 shares of the textile maker’s stock worth $5,978,000 after acquiring an additional 5,524 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in G-III Apparel Group by 8.2% during the first quarter. Envestnet Asset Management Inc. now owns 14,446 shares of the textile maker’s stock worth $395,000 after acquiring an additional 1,092 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Zacks Research lowered G-III Apparel Group from a “hold” rating to a “strong sell” rating in a research note on Monday, September 8th. KeyCorp raised their target price on G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a report on Friday, September 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Tuesday, October 14th. BTIG Research initiated coverage on G-III Apparel Group in a report on Tuesday, October 14th. They set a “buy” rating and a $32.00 target price on the stock. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $30.00 target price (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Three 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. 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 Down 0.6%

NASDAQ:GIII opened at $28.26 on Friday. The business’s 50 day moving average is $26.91 and its two-hundred day moving average is $25.48. G-III Apparel Group, LTD. has a 52 week low of $20.33 and a 52 week high of $36.18. The company has a market cap of $1.19 billion, a PE ratio of 7.00 and a beta of 1.58.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, topping 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 the consensus estimate of $568.67 million. During the same quarter last year, the business posted $0.52 EPS. G-III Apparel Group’s quarterly revenue 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. As a group, sell-side analysts expect that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal 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.