Envestnet Asset Management Inc. Buys 4,544 Shares of G-III Apparel Group, LTD. $GIII

Envestnet Asset Management Inc. increased its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 31.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,990 shares of the textile maker’s stock after acquiring an additional 4,544 shares during the period. Envestnet Asset Management Inc.’s holdings in G-III Apparel Group were worth $425,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. bought a new stake in shares of G-III Apparel Group in the first quarter valued at about $334,000. Nuveen LLC acquired a new stake in G-III Apparel Group in the 1st quarter valued at approximately $11,614,000. Exchange Traded Concepts LLC raised its position in G-III Apparel Group by 7.6% in the 2nd quarter. Exchange Traded Concepts LLC now owns 53,112 shares of the textile maker’s stock valued at $1,190,000 after buying an additional 3,755 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in G-III Apparel Group in the 2nd quarter valued at approximately $486,000. Finally, LSV Asset Management boosted its position 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 last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $30.00 price objective (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Barclays boosted 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. KeyCorp increased their price objective on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Tuesday, October 14th. Finally, BTIG Research assumed coverage on G-III Apparel Group in a research report on Tuesday, October 14th. They set a “buy” rating and a $32.00 price target for the company. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $30.00.

G-III Apparel Group Stock Down 0.1%

Shares of NASDAQ GIII opened at $29.47 on Thursday. The business’s 50 day moving average price is $27.40 and its two-hundred day moving average price is $25.93. The company has a market cap of $1.24 billion, a PE ratio of 7.29 and a beta of 1.60. G-III Apparel Group, LTD. has a twelve month low of $20.33 and a twelve month high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.10 by $0.15. The company had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. 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 anticipate that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

About G-III Apparel Group

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.