G-III Apparel Group, LTD. $GIII Shares Bought by LSV Asset Management

LSV Asset Management grew its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII) by 34.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,144,233 shares of the textile maker’s stock after acquiring an additional 294,732 shares during the period. LSV Asset Management owned about 2.71% of G-III Apparel Group worth $30,448,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Federated Hermes Inc. purchased a new position in G-III Apparel Group in the third quarter valued at $40,000. Raymond James Financial Inc. purchased a new position in shares of G-III Apparel Group in the 2nd quarter valued at about $41,000. Traub Capital Management LLC purchased a new position in shares of G-III Apparel Group in the 2nd quarter valued at about $67,000. Strs Ohio acquired a new position in shares of G-III Apparel Group during the first quarter worth about $77,000. Finally, Headlands Technologies LLC purchased a new stake in shares of G-III Apparel Group during the second quarter worth approximately $109,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on GIII. UBS Group set a $32.00 price target on shares of G-III Apparel Group and gave the stock a “neutral” rating in a research note on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Friday, January 9th. Telsey Advisory Group set a $34.00 target price on shares of G-III Apparel Group in a research note on Wednesday, December 10th. BTIG Research increased their target price on G-III Apparel Group from $32.00 to $34.00 and gave the company a “buy” rating in a report on Tuesday, December 9th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $35.00 price target (up from $33.00) on shares of G-III Apparel Group in a report on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $31.20.

G-III Apparel Group Price Performance

Shares of GIII opened at $30.15 on Friday. G-III Apparel Group, LTD. has a 1-year low of $20.33 and a 1-year high of $34.83. The stock has a market cap of $1.27 billion, a PE ratio of 9.05 and a beta of 1.31. The firm has a fifty day moving average price of $30.02 and a 200 day moving average price of $28.04.

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

G-III Apparel Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were paid a $0.10 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. G-III Apparel Group’s payout ratio is currently 12.01%.

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.