Connor Clark & Lunn Investment Management Ltd. purchased a new stake in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 17,076 shares of the textile maker's stock, valued at approximately $467,000.
Other hedge funds also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of G-III Apparel Group in the 4th quarter valued at approximately $68,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of G-III Apparel Group in the 1st quarter valued at approximately $106,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in shares of 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 purchasing an additional 564 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of G-III Apparel Group in the 4th quarter valued at approximately $217,000. Finally, Bridgefront Capital LLC acquired a new position in shares of G-III Apparel Group in the fourth quarter valued at approximately $249,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. Barclays lowered their price objective on G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating for the company 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. Telsey Advisory Group lowered their price objective on G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating for the company in a research note on Monday, June 9th. UBS Group lowered their price objective on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Finally, KeyCorp lowered their price objective on G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $27.80.
Read Our Latest Report on G-III Apparel Group
G-III Apparel Group Trading Up 3.6%
NASDAQ:GIII traded up $0.94 on Friday, reaching $26.99. 464,879 shares of the stock traded hands, compared to its average volume of 495,411. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 6.25 and a beta of 1.49. The company's 50 day moving average is $23.76 and its 200-day moving average is $25.53. G-III Apparel Group, LTD. has a 1-year low of $20.33 and a 1-year high of $36.18.
G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its earnings results on Friday, June 6th. The textile maker reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.06. The business had revenue of $583.61 million during the quarter, compared to the consensus estimate of $579.48 million. G-III Apparel Group had a net margin of 6.20% and a return on equity of 12.65%. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. G-III Apparel Group has set its Q2 2026 guidance at 0.020-0.120 EPS. FY 2026 guidance at EPS. On average, equities research analysts forecast that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Amigo Victor Herrero bought 5,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was acquired at an average price of $21.95 per share, with a total value of $109,750.00. Following the transaction, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.00% of the company's stock.
G-III Apparel Group Company Profile
(
Free Report)
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.
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