Quinn Opportunity Partners LLC Grows Position in G-III Apparel Group, LTD. $GIII

Quinn Opportunity Partners LLC raised its position in G-III Apparel Group, LTD. (NASDAQ:GIII) by 52.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,000 shares of the textile maker’s stock after purchasing an additional 7,231 shares during the quarter. Quinn Opportunity Partners LLC’s holdings in G-III Apparel Group were worth $470,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Byrne Asset Management LLC purchased a new stake in G-III Apparel Group in the second quarter worth $28,000. Caitong International Asset Management Co. Ltd increased its stake in G-III Apparel Group by 5,154.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock worth $32,000 after buying an additional 1,134 shares during the period. Strs Ohio bought a new stake in G-III Apparel Group during the 1st quarter valued at about $77,000. Quarry LP grew its stake in G-III Apparel Group by 176.1% in the 1st quarter. Quarry LP now owns 3,073 shares of the textile maker’s stock worth $84,000 after acquiring an additional 1,960 shares in the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in G-III Apparel Group in the 2nd quarter worth about $218,000. Institutional investors own 92.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of 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 upped their target price on G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Telsey Advisory Group restated a “market perform” rating and set a $30.00 price target (up previously from $27.00) on shares of G-III Apparel Group in a research note on Tuesday, September 2nd. Barclays upped their price target on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a research report on Friday, September 5th. Finally, BTIG Research assumed coverage on shares of G-III Apparel Group in a report on Tuesday, October 14th. They set a “buy” rating and a $32.00 price objective on the stock. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.00.

G-III Apparel Group Stock Up 1.8%

Shares of NASDAQ:GIII opened at $28.58 on Thursday. G-III Apparel Group, LTD. has a 52-week low of $20.33 and a 52-week high of $36.18. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 7.07 and a beta of 1.60. The business has a 50-day moving average price of $27.19 and a 200-day moving average price of $25.76.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The firm had revenue of $613.27 million for the quarter, compared to analyst estimates of $568.67 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. G-III Apparel Group’s revenue for the quarter was down 4.9% on a year-over-year basis. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS. As a group, equities analysts anticipate that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

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.