20,400 Shares in G-III Apparel Group, LTD. $GIII Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,400 shares of the textile maker’s stock, valued at approximately $543,000.

Several other large investors have also modified their holdings of GIII. Raymond James Financial Inc. acquired a new position in G-III Apparel Group during the second quarter worth approximately $41,000. Traub Capital Management LLC purchased a new stake in shares of G-III Apparel Group during the 2nd quarter valued at $67,000. Strs Ohio acquired a new stake in shares of G-III Apparel Group during the 1st quarter worth $77,000. Headlands Technologies LLC purchased a new position in shares of G-III Apparel Group in the 2nd quarter worth $109,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of G-III Apparel Group in the 3rd quarter worth $201,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GIII has been the subject of a number of research reports. Telsey Advisory Group set a $34.00 price target on G-III Apparel Group in a research report on Wednesday, December 10th. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Friday, January 9th. BTIG Research lifted their price target on shares of G-III Apparel Group from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Tuesday, December 9th. Finally, KeyCorp reiterated an “overweight” rating and set a $35.00 price objective (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.20.

G-III Apparel Group Price Performance

Shares of G-III Apparel Group stock opened at $28.65 on Friday. G-III Apparel Group, LTD. has a 1-year low of $20.33 and a 1-year high of $34.83. The company has a market capitalization of $1.21 billion, a P/E ratio of 8.60 and a beta of 1.28. The business’s fifty day moving average price is $29.73 and its two-hundred day moving average price is $27.42.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly 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. The company had revenue of $988.65 million for the quarter, compared to analyst estimates of $1.01 billion. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The company’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the company earned $2.59 earnings per share. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. On average, research analysts expect that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, December 15th. G-III Apparel Group’s dividend payout ratio (DPR) is currently 12.01%.

G-III Apparel Group 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.