AQR Capital Management LLC Sells 56,348 Shares of G-III Apparel Group, LTD. $GIII

Key Points

• AQR Capital Management LLC reduced its position in G-III Apparel Group by 21.8%, selling 56,348 shares and owning 202,380 shares, valued at approximately $5.5 million.
• G-III Apparel Group reported earnings per share of $0.25 for the recent quarter, exceeding estimates, despite revenue declining 4.9% year-over-year.
• Analysts have mixed ratings on G-III Apparel Group, with a consensus rating of "Hold" and an average price target of $29.60, reflecting varying opinions on the stock's future performance.

AQR Capital Management LLC reduced its position in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 21.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,380 shares of the textile maker's stock after selling 56,348 shares during the period. AQR Capital Management LLC owned approximately 0.46% of G-III Apparel Group worth $5,535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of G-III Apparel Group by 11.1% during the first quarter. American Century Companies Inc. now owns 1,624,350 shares of the textile maker's stock worth $44,426,000 after purchasing an additional 162,904 shares during the last quarter. LSV Asset Management lifted its position in shares of G-III Apparel Group by 13.2% during the first quarter. LSV Asset Management now owns 846,904 shares of the textile maker's stock worth $23,163,000 after purchasing an additional 98,923 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of G-III Apparel Group by 25.0% during the first quarter. Victory Capital Management Inc. now owns 706,288 shares of the textile maker's stock worth $19,317,000 after purchasing an additional 141,290 shares during the last quarter. Bragg Financial Advisors Inc lifted its position in shares of G-III Apparel Group by 17.7% during the first quarter. Bragg Financial Advisors Inc now owns 606,142 shares of the textile maker's stock worth $16,578,000 after purchasing an additional 91,134 shares during the last quarter. Finally, Nuveen LLC bought a new position in G-III Apparel Group in the first quarter worth about $11,614,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GIII has been the topic of a number of recent research reports. KeyCorp raised their target price on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Wall Street Zen cut shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. UBS Group cut their target price on shares of G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. 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, Zacks Research cut shares of G-III Apparel Group from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Two equities 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 MarketBeat.com, G-III Apparel Group presently has a consensus rating of "Hold" and a consensus target price of $29.60.

Insider Transactions at G-III Apparel Group

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

G-III Apparel Group Price Performance

Shares of NASDAQ GIII traded up $0.13 during mid-day trading on Thursday, reaching $27.33. 490,285 shares of the company traded hands, compared to its average volume of 678,458. G-III Apparel Group, LTD. has a fifty-two week low of $20.33 and a fifty-two week high of $36.18. The firm has a market cap of $1.15 billion, a PE ratio of 6.76 and a beta of 1.49. The stock has a fifty day simple moving average of $25.44 and a 200-day simple moving average of $25.33.

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 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.15. The business had revenue of $613.27 million for the quarter, compared to analyst estimates of $568.67 million. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The business's revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. 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. As a group, analysts predict that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

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.