CenterBook Partners LP Purchases 21,349 Shares of G-III Apparel Group, LTD. $GIII

CenterBook Partners LP raised its position in G-III Apparel Group, LTD. (NASDAQ:GIII) by 56.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 59,342 shares of the textile maker’s stock after acquiring an additional 21,349 shares during the period. CenterBook Partners LP owned about 0.14% of G-III Apparel Group worth $1,579,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the business. Federated Hermes Inc. acquired a new stake in shares of G-III Apparel Group in the third quarter valued at approximately $40,000. Raymond James Financial Inc. bought a new position in G-III Apparel Group in the second quarter valued at $41,000. Traub Capital Management LLC acquired a new stake in G-III Apparel Group in the 2nd quarter valued at $67,000. Strs Ohio bought a new stake in G-III Apparel Group during the 1st quarter worth about $77,000. Finally, Headlands Technologies LLC acquired a new position in shares of G-III Apparel Group during the 2nd quarter worth about $109,000. 92.13% of the stock is owned by institutional investors.

G-III Apparel Group Trading Down 0.4%

GIII opened at $31.62 on Friday. The stock’s fifty day simple moving average is $30.05 and its 200 day simple moving average is $28.25. G-III Apparel Group, LTD. has a 1-year low of $20.33 and a 1-year high of $34.83. The stock has a market cap of $1.33 billion, a PE ratio of 9.50 and a beta of 1.31.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.29. The firm had revenue of $988.65 million during the quarter, compared to analysts’ expectations of $1.01 billion. G-III Apparel Group had a net margin of 4.89% and a return on equity of 9.37%. The company’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.59 earnings per share. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Equities analysts forecast that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

G-III Apparel Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on GIII shares. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. KeyCorp reaffirmed 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 report on Wednesday, December 10th. Telsey Advisory Group set a $34.00 price objective on G-III Apparel Group in a research note on Wednesday, December 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Finally, BTIG Research upped their price target on shares of G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, G-III Apparel Group currently has an average rating of “Hold” and a consensus target price of $31.20.

About G-III Apparel Group

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.