9,712 Shares in G-III Apparel Group, LTD. $GIII Bought by Kapitalo Investimentos Ltda

Key Points

• Kapitalo Investimentos Ltda has acquired 9,712 shares of G-III Apparel Group, valued at approximately $218,000, indicating growing institutional interest in the company.
• G-III Apparel Group reported $0.25 earnings per share for the last quarter, exceeding analysts' expectations and generating revenue of $613.27 million, though there was a 4.9% year-over-year decline in revenue.
• Currently, approximately 92.13% of G-III Apparel Group's stock is owned by institutional investors, showcasing significant institutional confidence in the textile maker.

Kapitalo Investimentos Ltda acquired a new stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 9,712 shares of the textile maker's stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in G-III Apparel Group by 139.3% during the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker's stock worth $26,070,000 after acquiring an additional 554,933 shares during the last quarter. Nuveen LLC bought a new position in G-III Apparel Group during the 1st quarter worth $11,614,000. American Century Companies Inc. increased its position in G-III Apparel Group by 11.1% during the 1st quarter. American Century Companies Inc. now owns 1,624,350 shares of the textile maker's stock worth $44,426,000 after buying an additional 162,904 shares during the period. Victory Capital Management Inc. increased its position in shares of G-III Apparel Group by 25.0% in the first quarter. Victory Capital Management Inc. now owns 706,288 shares of the textile maker's stock worth $19,317,000 after purchasing an additional 141,290 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of G-III Apparel Group in the fourth quarter worth $3,970,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at G-III Apparel Group

In related news, Director Amigo Victor Herrero acquired 5,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was bought at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the completion of the purchase, the director directly owned 54,746 shares of the company's stock, valued at approximately $1,201,674.70. The trade was a 10.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 13.00% of the stock is owned by corporate insiders.

G-III Apparel Group Stock Down 3.6%

NASDAQ:GIII opened at $26.34 on Monday. G-III Apparel Group, LTD. has a 52 week low of $20.33 and a 52 week high of $36.18. The stock's fifty day moving average is $25.49 and its two-hundred day moving average is $25.33. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of 6.52 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.15. The business had revenue of $613.27 million during the quarter, compared to analysts' expectations of $568.67 million. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The company's revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS. On average, sell-side analysts expect that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group decreased their price target on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, June 9th. Wall Street Zen cut G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday, June 14th. Barclays lifted their target price on G-III Apparel Group from $18.00 to $21.00 and gave the company an "underweight" rating in a research report on Friday, September 5th. Zacks Research cut G-III Apparel Group from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $30.00 price target (up from $27.00) on shares of G-III Apparel Group in a research note on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $29.60.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.