Segall Bryant & Hamill LLC Purchases New Stake in G-III Apparel Group, LTD. $GIII

Segall Bryant & Hamill LLC purchased a new position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 31,511 shares of the textile maker’s stock, valued at approximately $932,000.

Other hedge funds have also recently bought and sold shares of the company. Phocas Financial Corp. increased its position in shares of 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 buying an additional 106,497 shares in the last quarter. AlphaQuest LLC boosted its position in shares of G-III Apparel Group by 251.4% in the 4th quarter. AlphaQuest LLC now owns 70,278 shares of the textile maker’s stock worth $2,035,000 after buying an additional 50,279 shares in the last quarter. SG Americas Securities LLC grew its stake in G-III Apparel Group by 149.8% in the 1st quarter. SG Americas Securities LLC now owns 52,390 shares of the textile maker’s stock valued at $1,451,000 after acquiring an additional 31,420 shares during the last quarter. Hsbc Holdings PLC increased its holdings in G-III Apparel Group by 46.2% during the 4th quarter. Hsbc Holdings PLC now owns 128,096 shares of the textile maker’s stock valued at $3,756,000 after acquiring an additional 40,485 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its holdings in G-III Apparel Group by 34.8% during the 4th quarter. Landscape Capital Management L.L.C. now owns 110,435 shares of the textile maker’s stock valued at $3,198,000 after acquiring an additional 28,535 shares in the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

G-III Apparel Group Price Performance

NASDAQ:GIII opened at $36.47 on Thursday. The firm has a market cap of $1.54 billion, a PE ratio of 12.89 and a beta of 1.28. The firm has a 50 day simple moving average of $34.51 and a 200-day simple moving average of $31.32. G-III Apparel Group, LTD. has a 1-year low of $23.95 and a 1-year high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Friday, June 5th. The textile maker reported ($0.21) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The firm had revenue of $535.96 million for the quarter, compared to analyst estimates 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 revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 earnings per share. 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. As a group, sell-side analysts expect that G-III Apparel Group, LTD. will post 2.24 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 22nd were issued a dividend of $0.10 per share. The ex-dividend date was Monday, June 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. G-III Apparel Group’s dividend payout ratio (DPR) is 14.13%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on GIII. Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, June 9th. Telsey Advisory Group restated a “market perform” rating and set a $38.00 price objective (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. BTIG Research upped 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. Wall Street Zen upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Saturday, June 20th. Finally, KeyCorp reissued an “overweight” rating and issued a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a report on Monday, June 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $33.00.

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.