Kapitalo Investimentos Ltda Buys Shares of 9,712 G-III Apparel Group, LTD. $GIII

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 position in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,712 shares of the textile maker's stock, valued at approximately $218,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. GAMMA Investing LLC lifted its position in G-III Apparel Group by 3,366.6% during the first quarter. GAMMA Investing LLC now owns 23,330 shares of the textile maker's stock valued at $638,000 after buying an additional 22,657 shares in the last quarter. Phocas Financial Corp. boosted its position in G-III Apparel Group by 84.4% during the 4th quarter. Phocas Financial Corp. now owns 234,020 shares of the textile maker's stock worth $7,634,000 after purchasing an additional 107,082 shares during the period. Jefferies Financial Group Inc. acquired a new stake in G-III Apparel Group in the 1st quarter valued at $334,000. Nuveen LLC purchased a new position in G-III Apparel Group in the first quarter valued at about $11,614,000. Finally, CX Institutional acquired a new position in shares of G-III Apparel Group during the first quarter worth about $2,571,000. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group Stock Up 1.0%

Shares of NASDAQ:GIII traded up $0.26 during trading on Monday, hitting $26.60. 516,457 shares of the company traded hands, compared to its average volume of 739,188. The business's fifty day moving average is $25.54 and its 200-day moving average is $25.33. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 6.58 and a beta of 1.49. G-III Apparel Group, LTD. has a one year low of $20.33 and a one year high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.15. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The firm had revenue of $613.27 million for the quarter, compared to analyst estimates of $568.67 million. During the same period last year, the company earned $0.52 earnings per share. The firm's revenue for the quarter was down 4.9% on a year-over-year basis. 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, analysts forecast that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

Insider Buying and Selling

In other G-III Apparel Group news, Director Amigo Victor Herrero purchased 5,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were bought at an average price of $21.95 per share, with a total value of $109,750.00. Following the completion of the acquisition, the director owned 54,746 shares in the company, valued at approximately $1,201,674.70. This represents a 10.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.00% of the company's stock.

Analyst Ratings Changes

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

G-III Apparel Group Profile

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.