G-III Apparel Group, LTD. $GIII Stock Position Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 149.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,390 shares of the textile maker’s stock after acquiring an additional 31,420 shares during the quarter. SG Americas Securities LLC’s holdings in G-III Apparel Group were worth $1,451,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in G-III Apparel Group by 107.7% in the fourth quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 488 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of G-III Apparel Group by 105.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock worth $31,000 after purchasing an additional 591 shares during the period. Newbridge Financial Services Group Inc. acquired a new stake in shares of G-III Apparel Group during the 4th quarter worth approximately $34,000. Parallel Advisors LLC raised its position in shares of G-III Apparel Group by 231.9% during the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock worth $52,000 after purchasing an additional 1,243 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of G-III Apparel Group in the 2nd quarter worth approximately $41,000. Institutional investors own 92.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Weiss Ratings upgraded G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. UBS Group dropped 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 report on Tuesday, March 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. BTIG Research raised their target price on 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. Finally, KeyCorp reissued an “overweight” rating and set a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, G-III Apparel Group presently has an average rating of “Moderate Buy” and a consensus price target of $33.00.

G-III Apparel Group Stock Performance

Shares of NASDAQ:GIII opened at $33.50 on Friday. The firm’s 50 day moving average is $32.34 and its two-hundred day moving average is $30.49. The firm has a market capitalization of $1.41 billion, a P/E ratio of 11.84 and a beta of 1.28. G-III Apparel Group, LTD. has a 52 week low of $22.83 and a 52 week high of $36.53.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.30) by $0.09. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The business had revenue of $535.96 million during the quarter, compared to the consensus estimate of $529.07 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The business’s revenue was down 8.2% on a year-over-year basis. 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. Analysts predict that G-III Apparel Group, LTD. will post 2.24 EPS for the current year.

G-III Apparel Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 8th. Shareholders of record on Monday, June 22nd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 22nd. This represents a $0.40 annualized dividend and a yield of 1.2%. G-III Apparel Group’s payout ratio is presently 14.13%.

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.