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 lowered its stake in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 21.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of G-III Apparel Group by 3,366.6% in the first quarter. GAMMA Investing LLC now owns 23,330 shares of the textile maker's stock valued at $638,000 after buying an additional 22,657 shares in the last quarter. Phocas Financial Corp. grew its position in G-III Apparel Group by 84.4% during the 4th quarter. Phocas Financial Corp. now owns 234,020 shares of the textile maker's stock worth $7,634,000 after purchasing an additional 107,082 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in G-III Apparel Group during the 1st quarter worth approximately $334,000. Nuveen LLC purchased a new position in G-III Apparel Group during the 1st quarter worth approximately $11,614,000. Finally, CX Institutional purchased a new position in G-III Apparel Group during the 1st quarter worth approximately $2,571,000. Institutional investors own 92.13% of the company's stock.

Insiders Place Their Bets

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

G-III Apparel Group Trading Up 0.3%

NASDAQ:GIII traded up $0.09 during mid-day trading on Wednesday, hitting $27.27. The company's stock had a trading volume of 210,368 shares, compared to its average volume of 633,278. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 6.73 and a beta of 1.49. G-III Apparel Group, LTD. has a fifty-two week low of $20.33 and a fifty-two week high of $36.18. The stock has a fifty day moving average of $25.29 and a 200-day moving average of $25.32.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued 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. The firm had revenue of $613.27 million for the quarter, compared to analysts' expectations of $568.67 million. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The company's quarterly revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, equities analysts anticipate that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GIII has been the topic of several research analyst reports. Barclays lifted their price objective on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an "underweight" rating in a research report on Friday, September 5th. Zacks Research cut shares of G-III Apparel Group from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. UBS Group lowered 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 report on Monday, June 9th. 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. Finally, Telsey Advisory Group restated a "market perform" rating and set a $30.00 price target (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, G-III Apparel Group currently has an average rating of "Hold" and an average 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.