Allianz Asset Management GmbH Acquires 107,204 Shares of G-III Apparel Group, LTD. $GIII

Allianz Asset Management GmbH raised its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII) by 177.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 167,762 shares of the textile maker’s stock after purchasing an additional 107,204 shares during the quarter. Allianz Asset Management GmbH owned 0.40% of G-III Apparel Group worth $4,464,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in G-III Apparel Group in the second quarter valued at about $10,366,000. Cerity Partners LLC acquired a new stake in shares of G-III Apparel Group in the 2nd quarter valued at approximately $9,313,000. Balyasny Asset Management L.P. bought a new stake in shares of G-III Apparel Group during the 2nd quarter valued at approximately $7,546,000. CSM Advisors LLC acquired a new position in G-III Apparel Group during the 2nd quarter worth approximately $3,938,000. Finally, Squarepoint Ops LLC increased its position in G-III Apparel Group by 193.1% during the 2nd quarter. Squarepoint Ops LLC now owns 261,603 shares of the textile maker’s stock worth $5,860,000 after purchasing an additional 172,352 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Stock Up 0.6%

GIII stock opened at $30.20 on Wednesday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 9.07 and a beta of 1.31. The company’s fifty day simple moving average is $30.00 and its 200 day simple moving average is $27.97. G-III Apparel Group, LTD. has a 12-month low of $20.33 and a 12-month high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Tuesday, December 9th. The textile maker reported $1.90 earnings per share (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 company had revenue of $988.65 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the business earned $2.59 EPS. The firm’s revenue was down 9.3% compared to the same quarter last year. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Research analysts expect that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

G-III Apparel Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 15th were paid a $0.10 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. G-III Apparel Group’s payout ratio is currently 12.01%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on GIII shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. KeyCorp reissued an “overweight” rating and set a $35.00 price objective (up previously from $33.00) on shares of G-III Apparel Group in a report on Wednesday, December 10th. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. UBS Group set a $32.00 price target on G-III Apparel Group and gave the company a “neutral” rating in a research note on Wednesday, December 10th. Finally, Telsey Advisory Group set a $34.00 price target on G-III Apparel Group in a report on Wednesday, December 10th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.20.

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.