Landscape Capital Management L.L.C. Buys 28,535 Shares of G-III Apparel Group, LTD. $GIII

Landscape Capital Management L.L.C. boosted its stake in G-III Apparel Group, LTD. (NASDAQ:GIII) by 34.8% during the 4th quarter, HoldingsChannel reports. The fund owned 110,435 shares of the textile maker’s stock after acquiring an additional 28,535 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in G-III Apparel Group were worth $3,198,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Barclays PLC lifted its position in G-III Apparel Group by 54.0% in the 4th quarter. Barclays PLC now owns 717,607 shares of the textile maker’s stock valued at $20,782,000 after acquiring an additional 251,502 shares in the last quarter. Bragg Financial Advisors Inc lifted its position in G-III Apparel Group by 0.5% in the 4th quarter. Bragg Financial Advisors Inc now owns 732,462 shares of the textile maker’s stock valued at $21,212,000 after acquiring an additional 3,851 shares in the last quarter. Ieq Capital LLC lifted its position in G-III Apparel Group by 28.0% in the 4th quarter. Ieq Capital LLC now owns 78,706 shares of the textile maker’s stock valued at $2,279,000 after acquiring an additional 17,194 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in G-III Apparel Group by 1.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 68,437 shares of the textile maker’s stock valued at $1,982,000 after acquiring an additional 1,094 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in G-III Apparel Group by 31.3% in the 4th quarter. Wells Fargo & Company MN now owns 46,974 shares of the textile maker’s stock valued at $1,360,000 after acquiring an additional 11,211 shares in the last quarter. 92.13% of the stock is owned by institutional investors.

G-III Apparel Group Stock Performance

Shares of GIII stock opened at $35.28 on Monday. The firm’s 50-day moving average is $31.02 and its 200-day moving average is $30.07. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 12.47 and a beta of 1.29. G-III Apparel Group, LTD. has a 52-week low of $20.33 and a 52-week high of $36.53.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Friday, June 5th. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. The company had revenue of $535.96 million for the quarter, compared to analysts’ expectations of $529.07 million. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. G-III Apparel Group’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. Sell-side analysts predict that G-III Apparel Group, LTD. will post 2.23 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 22nd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 22nd. G-III Apparel Group’s dividend payout ratio is presently 14.13%.

Analyst Ratings Changes

GIII has been the topic of several research reports. KeyCorp reaffirmed an “overweight” rating and issued a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Zacks Research upgraded shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. Weiss Ratings upgraded shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. UBS Group lowered their price target on shares of 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. Finally, BTIG Research lifted their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $33.00.

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.