Universal Beteiligungs und Servicegesellschaft mbH Acquires 42,926 Shares of G-III Apparel Group, LTD. $GIII

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 34.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,018 shares of the textile maker’s stock after buying an additional 42,926 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in G-III Apparel Group were worth $4,444,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in G-III Apparel Group by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after acquiring an additional 1,018 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of G-III Apparel Group by 8.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,197 shares of the textile maker’s stock valued at $2,193,000 after purchasing an additional 6,062 shares during the last quarter. Intech Investment Management LLC raised its position in shares of G-III Apparel Group by 14.1% in the first quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker’s stock valued at $1,260,000 after purchasing an additional 5,685 shares during the period. Strs Ohio acquired a new stake in shares of G-III Apparel Group during the 1st quarter worth about $77,000. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of G-III Apparel Group by 494.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 13,669 shares of the textile maker’s stock worth $306,000 after buying an additional 11,368 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group Stock Down 1.5%

Shares of GIII stock opened at $28.20 on Wednesday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 8.47 and a beta of 1.28. G-III Apparel Group, LTD. has a twelve month low of $20.33 and a twelve month high of $34.83. The stock’s fifty day simple moving average is $29.78 and its 200 day simple moving average is $27.53.

G-III Apparel Group (NASDAQ:GIII) last posted 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. 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 analyst estimates of $1.01 billion. During the same period in the previous year, the firm earned $2.59 earnings per share. The firm’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. As a group, equities research analysts expect that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

The firm 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, December 15th. G-III Apparel Group’s payout ratio is currently 12.01%.

Analyst Ratings Changes

Several research analysts have weighed in on GIII shares. 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. BTIG Research increased their target price on G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. KeyCorp restated an “overweight” rating and issued a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. UBS Group set a $32.00 price objective on G-III Apparel Group and gave the stock a “neutral” rating in a research report on Wednesday, December 10th. Finally, Telsey Advisory Group set a $34.00 target price 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 given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, G-III Apparel Group has an average rating of “Hold” and an average price target 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.