Caxton Associates LLP Makes New $834,000 Investment in G-III Apparel Group, LTD. $GIII

Key Points

• Caxton Associates LLP has invested approximately $834,000 in G-III Apparel Group, purchasing 30,488 shares during the first quarter, increasing its ownership to 0.07% of the company.
• G-III Apparel Group reported earnings of $0.25 per share, exceeding analysts' expectations of $0.10 and showing a revenue of $613.27 million despite a year-over-year decline.
• Analyst ratings for the stock are mixed, with consensus showing a "Hold" rating and various price targets ranging from $18.00 to $33.00.

Caxton Associates LLP purchased a new position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,488 shares of the textile maker's stock, valued at approximately $834,000. Caxton Associates LLP owned approximately 0.07% of G-III Apparel Group as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Caitong International Asset Management Co. Ltd lifted its holdings in G-III Apparel Group by 5,154.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker's stock worth $32,000 after purchasing an additional 1,134 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of G-III Apparel Group in the fourth quarter worth $68,000. Quarry LP boosted its holdings in shares of G-III Apparel Group by 176.1% during the 1st quarter. Quarry LP now owns 3,073 shares of the textile maker's stock worth $84,000 after buying an additional 1,960 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its stake in G-III Apparel Group by 18.6% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker's stock valued at $117,000 after buying an additional 564 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in G-III Apparel Group in the 1st quarter worth $106,000. 92.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. UBS Group lowered 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. Barclays raised their target price on G-III Apparel Group from $18.00 to $21.00 and gave the company an "underweight" rating in a report on Friday, September 5th. Wall Street Zen lowered G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. KeyCorp raised their price objective on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $30.00 target price (up previously from $27.00) on shares of G-III Apparel Group in a research report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $29.60.

Insider Buying and Selling at G-III Apparel Group

In related news, Director Amigo Victor Herrero acquired 5,000 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was acquired at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the completion of the acquisition, the director owned 54,746 shares of the company's stock, valued at $1,201,674.70. This trade represents a 10.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.00% of the stock is currently owned by company insiders.

G-III Apparel Group Price Performance

Shares of NASDAQ:GIII traded down $0.61 during trading on Friday, reaching $26.56. The stock had a trading volume of 753,932 shares, compared to its average volume of 658,970. The stock has a market capitalization of $1.12 billion, a PE ratio of 6.57 and a beta of 1.49. G-III Apparel Group, LTD. has a 52 week low of $20.33 and a 52 week high of $36.18. The business's 50-day moving average price is $25.15 and its 200 day moving average price is $25.32.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly earnings data 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 net margin of 5.84% and a return on equity of 11.53%. The firm had revenue of $613.27 million during the quarter, compared to analysts' expectations of $568.67 million. During the same quarter in the previous year, the company posted $0.52 EPS. G-III Apparel Group's revenue 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. Analysts forecast that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

G-III Apparel Group Company 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.