LSV Asset Management Boosts Stock Position in G-III Apparel Group, LTD. $GIII

LSV Asset Management raised its position in G-III Apparel Group, LTD. (NASDAQ:GIII) by 8.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,237,469 shares of the textile maker’s stock after buying an additional 93,236 shares during the quarter. LSV Asset Management’s holdings in G-III Apparel Group were worth $35,837,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in GIII. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of G-III Apparel Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after buying an additional 1,018 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 buying an additional 6,062 shares during the period. Intech Investment Management LLC raised its stake 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 buying an additional 5,685 shares during the period. Strs Ohio bought a new stake in shares of G-III Apparel Group in the first quarter valued at $77,000. Finally, First Trust Advisors LP raised its stake in shares of G-III Apparel Group by 15.7% in the second quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker’s stock valued at $3,460,000 after buying an additional 20,984 shares during the period. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group Stock Performance

NASDAQ:GIII opened at $30.82 on Monday. G-III Apparel Group, LTD. has a 52-week low of $20.33 and a 52-week high of $34.83. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 20.55 and a beta of 1.30. The business’s fifty day moving average is $29.10 and its 200 day moving average is $29.50.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The company had revenue of $771.49 million for the quarter, compared to the consensus estimate of $791.98 million. During the same quarter in the previous year, the firm posted $1.27 earnings per share. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. Equities analysts predict that G-III Apparel Group, LTD. will post 2.07 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 23rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, March 23rd. G-III Apparel Group’s payout ratio is presently 26.67%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on GIII shares. BTIG Research restated a “buy” rating and issued a $34.00 target price on shares of G-III Apparel Group in a research note on Wednesday, March 18th. UBS Group lowered their target price on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a research note on Monday, March 9th. Two equities 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $29.00.

G-III Apparel Group 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.