126,040 Shares in G-III Apparel Group, LTD. $GIII Acquired by Hound Partners LLC

Hound Partners LLC acquired a new stake in G-III Apparel Group, LTD. (NASDAQ:GIII) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 126,040 shares of the textile maker’s stock, valued at approximately $2,823,000. G-III Apparel Group makes up about 0.4% of Hound Partners LLC’s portfolio, making the stock its 25th biggest position. Hound Partners LLC owned 0.29% of G-III Apparel Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of GIII. Nuveen LLC purchased a new stake in shares of G-III Apparel Group during the first quarter valued at $11,614,000. Intech Investment Management LLC lifted its stake in G-III Apparel Group by 6.1% during the 2nd quarter. Intech Investment Management LLC now owns 48,866 shares of the textile maker’s stock valued at $1,095,000 after acquiring an additional 2,790 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of G-III Apparel Group by 7.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 53,112 shares of the textile maker’s stock valued at $1,190,000 after acquiring an additional 3,755 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of G-III Apparel Group in the second quarter worth approximately $486,000. Finally, Allianz Asset Management GmbH raised its holdings in shares of G-III Apparel Group by 431.3% during the second quarter. Allianz Asset Management GmbH now owns 60,558 shares of the textile maker’s stock valued at $1,356,000 after purchasing an additional 49,159 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Trading Up 2.0%

Shares of NASDAQ:GIII opened at $31.41 on Friday. The stock has a 50 day moving average of $28.17 and a 200 day moving average of $26.13. The company has a market cap of $1.33 billion, a PE ratio of 9.43 and a beta of 1.30. G-III Apparel Group, LTD. has a 12-month low of $20.33 and a 12-month high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.30. The business had revenue of $988.65 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.59 earnings per share. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Equities research analysts predict 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 firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Shareholders of record on Monday, December 15th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, December 15th.

Analyst Upgrades and Downgrades

GIII has been the topic of several research reports. BTIG Research raised their target price on shares of G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group set a $32.00 price target on G-III Apparel Group and gave the company a “neutral” rating in a report on Wednesday. KeyCorp reaffirmed an “overweight” rating and issued a $35.00 price objective (up previously from $33.00) on shares of G-III Apparel Group in a report on Wednesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Tuesday, October 14th. Finally, Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $31.20.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.