Engineers Gate Manager LP Has $2.84 Million Stock Holdings in G-III Apparel Group, LTD. $GIII

Engineers Gate Manager LP boosted its holdings in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 330.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,169 shares of the textile maker’s stock after purchasing an additional 64,615 shares during the period. Engineers Gate Manager LP’s holdings in G-III Apparel Group were worth $2,837,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GIII. Baird Financial Group Inc. grew its stake in shares of G-III Apparel Group by 8.5% in the 2nd quarter. Baird Financial Group Inc. now owns 266,791 shares of the textile maker’s stock valued at $8,994,000 after purchasing an additional 20,848 shares during the period. Nykredit A S bought a new position in shares of G-III Apparel Group during the 2nd quarter worth approximately $33,000. Amundi acquired a new stake in G-III Apparel Group in the 2nd quarter valued at $344,000. HighTower Advisors LLC acquired a new stake in G-III Apparel Group in the 2nd quarter valued at $209,000. Finally, California State Teachers Retirement System grew its position in G-III Apparel Group by 3,825.1% in the second quarter. California State Teachers Retirement System now owns 1,408,404 shares of the textile maker’s stock valued at $47,477,000 after acquiring an additional 1,372,522 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group Price Performance

GIII stock opened at $27.89 on Monday. The company has a 50 day moving average price of $33.56 and a 200 day moving average price of $31.72. G-III Apparel Group, LTD. has a fifty-two week low of $24.61 and a fifty-two week high of $37.54. The stock has a market capitalization of $1.20 billion, a PE ratio of 9.17 and a beta of 1.27.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. The firm had revenue of $554.09 million for the quarter, compared to the consensus estimate of $570.37 million. G-III Apparel Group had a return on equity of 5.53% and a net margin of 4.75%.The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.25 EPS. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. As a group, equities analysts expect that G-III Apparel Group, LTD. will post 2.25 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a $0.10 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $0.40 annualized dividend and a yield of 1.4%. G-III Apparel Group’s dividend payout ratio (DPR) is currently 13.16%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GIII. Weiss Ratings reissued a “buy (b-)” rating on shares of G-III Apparel Group in a report on Friday, September 4th. BTIG Research reaffirmed a “buy” rating and issued a $40.00 target price on shares of G-III Apparel Group in a report on Wednesday, September 2nd. Wall Street Zen cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Sunday. Zacks Research downgraded shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 14th. Finally, Telsey Advisory Group cut their price target on shares of G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating for the company in a report on Thursday, September 3rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

G-III Apparel Group Profile

G-III Apparel Group, Ltd. is a global fashion company that designs, sources, and markets apparel, accessories, footwear, and related products. Its offerings include women’s and men’s clothing, handbags, footwear, outerwear, and other fashion products sold through department stores, specialty retailers, brand stores, and e-commerce channels.

The company owns and operates brands including DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin, and develops products under a portfolio of licensed brands.