UBS Group AG Sells 79,130 Shares of G-III Apparel Group, LTD. $GIII

UBS Group AG lowered its stake in G-III Apparel Group, LTD. (NASDAQ:GIII) by 31.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 169,521 shares of the textile maker’s stock after selling 79,130 shares during the quarter. UBS Group AG owned 0.40% of G-III Apparel Group worth $4,909,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in G-III Apparel Group by 1.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 168,953 shares of the textile maker’s stock valued at $4,900,000 after purchasing an additional 1,935 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in G-III Apparel Group in the fourth quarter valued at approximately $215,000. CWM LLC lifted its position in G-III Apparel Group by 9.7% in the fourth quarter. CWM LLC now owns 34,279 shares of the textile maker’s stock valued at $993,000 after purchasing an additional 3,038 shares during the last quarter. Phocas Financial Corp. lifted its position in G-III Apparel Group by 77.2% in the fourth quarter. Phocas Financial Corp. now owns 244,406 shares of the textile maker’s stock valued at $7,078,000 after purchasing an additional 106,497 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in G-III Apparel Group in the fourth quarter valued at approximately $34,000. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Up 2.8%

Shares of G-III Apparel Group stock opened at $30.47 on Friday. The company has a market cap of $1.29 billion, a PE ratio of 20.31 and a beta of 1.30. The business has a 50 day moving average of $29.08 and a 200 day moving average of $29.47. G-III Apparel Group, LTD. has a 52 week low of $20.33 and a 52 week high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). The business had revenue of $771.49 million for the quarter, compared to the consensus estimate of $791.98 million. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. G-III Apparel Group’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 EPS. 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. On average, research analysts anticipate that G-III Apparel Group, LTD. will post 2.07 earnings per share for the current year.

G-III Apparel Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 23rd were issued 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 dividend payout ratio is currently 26.67%.

Wall Street Analysts Forecast Growth

GIII has been the subject of several recent research reports. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. UBS Group lowered their price objective on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. Finally, BTIG Research reiterated a “buy” rating and issued a $34.00 price objective on shares of G-III Apparel Group in a research report on Wednesday, March 18th. Two investment 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.com, the stock has an average rating of “Hold” and an average price target of $29.00.

About G-III Apparel Group

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.