Strs Ohio Lowers Holdings in G-III Apparel Group, LTD. $GIII

Strs Ohio lowered its position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 75.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,100 shares of the textile maker’s stock after selling 21,400 shares during the quarter. Strs Ohio’s holdings in G-III Apparel Group were worth $189,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC boosted its stake in shares of G-III Apparel Group by 6.1% in the second quarter. Intech Investment Management LLC now owns 48,866 shares of the textile maker’s stock valued at $1,095,000 after buying an additional 2,790 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in G-III Apparel Group by 62.8% in the third quarter. Exchange Traded Concepts LLC now owns 86,477 shares of the textile maker’s stock valued at $2,301,000 after acquiring an additional 33,365 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of G-III Apparel Group during the 2nd quarter worth $486,000. Allianz Asset Management GmbH boosted its position in shares of G-III Apparel Group by 431.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 60,558 shares of the textile maker’s stock worth $1,356,000 after purchasing an additional 49,159 shares in the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of G-III Apparel Group during the 2nd quarter worth $9,313,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

Analysts Set New Price Targets

GIII has been the subject of several recent analyst reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Zacks Research raised shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. KeyCorp reissued an “overweight” rating and set a $35.00 price target (up previously from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. BTIG Research upped their price target on G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday, December 9th. Finally, UBS Group set a $32.00 price objective on G-III Apparel Group and gave the stock a “neutral” rating in a report on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, G-III Apparel Group has a consensus rating of “Hold” and a consensus target price of $31.20.

G-III Apparel Group Price Performance

Shares of GIII opened at $29.98 on Tuesday. G-III Apparel Group, LTD. has a 1-year low of $20.33 and a 1-year high of $34.83. The firm has a 50 day simple moving average of $29.89 and a 200-day simple moving average of $27.69. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of 9.00 and a beta of 1.31.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.29. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The firm had revenue of $988.65 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the prior year, the firm earned $2.59 EPS. G-III Apparel Group’s quarterly revenue was down 9.3% on a year-over-year basis. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. On average, equities analysts expect that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 15th. G-III Apparel Group’s dividend payout ratio (DPR) is currently 12.01%.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women’s and men’s apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies’ apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company’s product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.