G-III Apparel Group, LTD. $GIII Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. sold 33,021 shares, reducing its stake in G-III Apparel Group by 3.2%, currently owning 1,001,400 shares worth approximately $27.39 million.
• Wall Street analysts have lowered their price targets for G-III Apparel Group, with Barclays setting a new target of $18.00 and others following suit, indicating a cautious outlook on the stock.
• G-III Apparel Group reported $0.19 earnings per share in its latest earnings results, exceeding estimates, despite a 4.3% decline in revenue compared to the previous year.

Charles Schwab Investment Management Inc. decreased its position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 3.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,001,400 shares of the textile maker's stock after selling 33,021 shares during the period. Charles Schwab Investment Management Inc. owned 2.28% of G-III Apparel Group worth $27,388,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of GIII. Public Employees Retirement System of Ohio purchased a new position in shares of G-III Apparel Group during the fourth quarter valued at approximately $68,000. DekaBank Deutsche Girozentrale purchased a new position in shares of G-III Apparel Group during the first quarter valued at approximately $106,000. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of G-III Apparel Group by 18.6% during the fourth 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 period. iSAM Funds UK Ltd purchased a new position in shares of G-III Apparel Group during the fourth quarter valued at approximately $217,000. Finally, Bridgefront Capital LLC purchased a new position in shares of G-III Apparel Group during the fourth quarter valued at approximately $249,000. Hedge funds and other institutional investors own 92.13% of the company's stock.

Insider Activity at G-III Apparel Group

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

G-III Apparel Group Stock Up 3.6%

Shares of GIII stock traded up $0.94 during mid-day trading on Friday, reaching $26.99. The company's stock had a trading volume of 464,879 shares, compared to its average volume of 495,411. The company's 50 day simple moving average is $23.76 and its 200-day simple moving average is $25.53. G-III Apparel Group, LTD. has a 12-month low of $20.33 and a 12-month high of $36.18. The firm has a market capitalization of $1.17 billion, a PE ratio of 6.25 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its earnings results on Friday, June 6th. The textile maker reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. G-III Apparel Group had a net margin of 6.20% and a return on equity of 12.65%. The business had revenue of $583.61 million for the quarter, compared to the consensus estimate of $579.48 million. During the same quarter last year, the firm posted $0.12 EPS. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. G-III Apparel Group has set its Q2 2026 guidance at 0.020-0.120 EPS. FY 2026 guidance at EPS. As a group, research analysts anticipate that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Wall Street Zen downgraded shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 14th. KeyCorp cut their price target on shares of G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating on the stock in a research note on Monday, June 9th. Telsey Advisory Group cut their price target on shares of G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating on the stock in a research note on Monday, June 9th. UBS Group cut 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. Finally, Barclays cut their price target on shares of G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating on the stock in a research note on Monday, June 9th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, G-III Apparel Group presently has a consensus rating of "Hold" and an average price target of $27.80.

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.