Vanguard Group Inc. Has $120.89 Million Stake in G-III Apparel Group, LTD. $GIII

Vanguard Group Inc. cut its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,542,851 shares of the textile maker’s stock after selling 185,539 shares during the quarter. Vanguard Group Inc. owned approximately 10.76% of G-III Apparel Group worth $120,885,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GIII. Public Sector Pension Investment Board lifted its stake in shares of G-III Apparel Group by 14.5% in the third quarter. Public Sector Pension Investment Board now owns 148,664 shares of the textile maker’s stock worth $3,956,000 after acquiring an additional 18,827 shares during the period. LSV Asset Management lifted its position in shares of G-III Apparel Group by 34.7% in the 3rd quarter. LSV Asset Management now owns 1,144,233 shares of the textile maker’s stock worth $30,448,000 after purchasing an additional 294,732 shares during the period. Versor Investments LP bought a new stake in shares of G-III Apparel Group in the 3rd quarter valued at $652,000. Bryce Point Capital LLC acquired a new stake in shares of G-III Apparel Group during the third quarter worth $464,000. Finally, Savant Capital LLC bought a new position in G-III Apparel Group during the third quarter worth $241,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Price Performance

GIII opened at $30.68 on Thursday. The firm has a market capitalization of $1.29 billion, a PE ratio of 9.21 and a beta of 1.29. G-III Apparel Group, LTD. has a fifty-two week low of $20.33 and a fifty-two week high of $34.83. The company’s 50-day moving average is $30.02 and its 200 day moving average is $28.65.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share 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 revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter 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. As a group, analysts expect that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

Analysts Set New Price Targets

GIII has been the topic of a number of research analyst reports. Telsey Advisory Group set a $34.00 price target on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Friday, January 9th. BTIG Research increased 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. KeyCorp reiterated an “overweight” rating and set a $35.00 target price (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Finally, UBS Group reduced their price target on shares of G-III Apparel Group from $32.00 to $30.00 and set a “neutral” rating for the company in a report on Tuesday. 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. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.80.

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.