G-III Apparel Group, LTD. $GIII Shares Bought by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in G-III Apparel Group by 11.1%, owning approximately 3.7% of the company, worth about $44.4 million.
• Several analysts have downgraded G-III Apparel Group's stock price targets, with Barclays reducing theirs from $21.00 to $18.00 and UBS cutting theirs from $29.00 to $26.00.
• G-III Apparel Group reported a quarterly earnings per share (EPS) of $0.19, surpassing analysts' expectations, although their revenue decreased by 4.3% year-over-year.

American Century Companies Inc. raised its position in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 11.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,624,350 shares of the textile maker's stock after acquiring an additional 162,904 shares during the quarter. American Century Companies Inc. owned approximately 3.70% of G-III Apparel Group worth $44,426,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in GIII. Wells Fargo & Company MN lifted its stake in G-III Apparel Group by 17.7% in the fourth quarter. Wells Fargo & Company MN now owns 29,147 shares of the textile maker's stock worth $951,000 after acquiring an additional 4,391 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in G-III Apparel Group by 18.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,354 shares of the textile maker's stock worth $436,000 after acquiring an additional 2,079 shares during the last quarter. Raymond James Financial Inc. purchased a new position in G-III Apparel Group in the fourth quarter worth approximately $5,428,000. First Trust Advisors LP lifted its stake in G-III Apparel Group by 65.5% in the fourth quarter. First Trust Advisors LP now owns 143,942 shares of the textile maker's stock worth $4,695,000 after acquiring an additional 56,950 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in G-III Apparel Group by 101.0% in the fourth quarter. Hsbc Holdings PLC now owns 81,838 shares of the textile maker's stock worth $2,686,000 after acquiring an additional 41,118 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company's stock.

G-III Apparel Group Trading Down 0.4%

Shares of G-III Apparel Group stock traded down $0.12 during trading on Tuesday, reaching $26.59. The company's stock had a trading volume of 563,797 shares, compared to its average volume of 489,633. The company has a 50-day moving average price of $23.97 and a two-hundred day moving average price of $25.49. The firm has a market cap of $1.15 billion, a PE ratio of 6.16 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.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced 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. The business had revenue of $583.61 million for the quarter, compared to analysts' expectations 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 quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company 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, analysts predict that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GIII shares. Telsey Advisory Group decreased their price target on shares of 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. KeyCorp decreased their price target on shares of 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. 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 price objective 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. Finally, Barclays cut their price objective on shares of G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating on the stock in a report on Monday, June 9th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $27.80.

Insider Activity at G-III Apparel Group

In other news, Director Amigo Victor Herrero acquired 5,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were bought at an average cost of $21.95 per share, with a total value of $109,750.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 13.00% of the stock is owned by insiders.

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.