CX Institutional Raises Stake in G-III Apparel Group, LTD. $GIII

Key Points

• CX Institutional has increased its stake in G-III Apparel Group by 106.4%, acquiring a total of 194,065 shares valued at approximately $4.35 million.
• G-III Apparel Group's recent quarterly earnings beat expectations, reporting earnings of $0.25 per share against an estimate of $0.10, despite a 4.9% revenue decline year over year.
• The company's stock currently has a consensus rating of "Hold" among analysts, with an average target price of $29.60 per share.

CX Institutional increased its position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 106.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 194,065 shares of the textile maker's stock after acquiring an additional 100,044 shares during the quarter. CX Institutional owned approximately 0.45% of G-III Apparel Group worth $4,347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of GIII. SummerHaven Investment Management LLC increased its stake in shares of G-III Apparel Group by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 29,853 shares of the textile maker's stock worth $816,000 after buying an additional 461 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of G-III Apparel Group by 5.5% in the first quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker's stock valued at $454,000 after acquiring an additional 861 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of G-III Apparel Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker's stock valued at $635,000 after acquiring an additional 1,018 shares during the period. Envestnet Asset Management Inc. grew its position in G-III Apparel Group by 8.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 14,446 shares of the textile maker's stock valued at $395,000 after buying an additional 1,092 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its position 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 valued at $32,000 after buying an additional 1,134 shares during the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Stock Performance

G-III Apparel Group stock traded up $0.25 during midday trading on Tuesday, reaching $26.85. 131,259 shares of the company were exchanged, compared to its average volume of 636,104. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 6.64 and a beta of 1.49. The firm's 50-day simple moving average is $25.54 and its 200-day simple moving average is $25.33. 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 posted its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, beating the consensus estimate of $0.10 by $0.15. The company 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 firm's revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. 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 fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Zacks Research downgraded G-III Apparel Group from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. UBS Group reduced their target price on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a 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. Telsey Advisory Group reissued a "market perform" rating and issued a $30.00 target price (up previously from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Finally, KeyCorp raised their target price on G-III Apparel Group from $30.00 to $33.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, G-III Apparel Group presently has a consensus rating of "Hold" and a consensus target price of $29.60.

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.