Versor Investments LP Makes New Investment in G-III Apparel Group, LTD. $GIII

Versor Investments LP purchased a new position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,511 shares of the textile maker’s stock, valued at approximately $652,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in shares of G-III Apparel Group in the second quarter valued at approximately $10,366,000. Cerity Partners LLC purchased a new position in G-III Apparel Group in the 2nd quarter valued at approximately $9,313,000. Balyasny Asset Management L.P. acquired a new position in shares of G-III Apparel Group in the second quarter worth $7,546,000. CSM Advisors LLC purchased a new stake in shares of G-III Apparel Group during the second quarter worth $3,938,000. Finally, Squarepoint Ops LLC increased its position in shares of G-III Apparel Group by 193.1% during the second quarter. Squarepoint Ops LLC now owns 261,603 shares of the textile maker’s stock worth $5,860,000 after acquiring an additional 172,352 shares during the period. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

GIII opened at $30.15 on Thursday. G-III Apparel Group, LTD. has a one year low of $20.33 and a one year high of $34.83. The company has a market cap of $1.27 billion, a P/E ratio of 9.05 and a beta of 1.31. The business’s 50-day simple moving average is $30.01 and its 200-day simple moving average is $27.98.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.29. The firm had revenue of $988.65 million during the quarter, compared to analysts’ expectations of $1.01 billion. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The firm’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.59 earnings per share. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. As a group, analysts predict that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 15th. G-III Apparel Group’s dividend payout ratio (DPR) is 12.01%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GIII. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Telsey Advisory Group set a $34.00 price target on G-III Apparel Group in a research report on Wednesday, December 10th. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Friday, January 9th. BTIG Research upped their target price on shares of G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, UBS Group set a $32.00 target price on shares of G-III Apparel Group and gave the company a “neutral” rating in a report on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.20.

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.