GSA Capital Partners LLP Takes $1.14 Million Position in G-III Apparel Group, LTD. $GIII

Key Points

• GSA Capital Partners acquired 33,898 shares of G-III Apparel Group in the second quarter, worth approximately $1.14 million and representing a 0.08% stake. Institutional investors and hedge funds collectively own 92.13% of the company.
• Analyst sentiment is mixed: three analysts rate GIII a Buy, three a Hold and one a Sell, resulting in a consensus Hold rating and an average price target of $33.00.
• G-III reported quarterly revenue of $535.96 million and adjusted earnings of a $0.21 loss per share, beating estimates, although revenue declined 8.2% year over year. The company also pays a quarterly dividend of $0.10, for an annualized yield of approximately 1.2%.

GSA Capital Partners LLP acquired a new position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 33,898 shares of the textile maker's stock, valued at approximately $1,143,000. GSA Capital Partners LLP owned 0.08% of G-III Apparel Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. acquired a new position in G-III Apparel Group in the second quarter worth about $41,000. Parallel Advisors LLC lifted its stake in G-III Apparel Group by 231.9% during the fourth quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker's stock worth $52,000 after purchasing an additional 1,243 shares during the period. Strs Ohio acquired a new stake in G-III Apparel Group during the first quarter valued at approximately $77,000. Headlands Technologies LLC acquired a new stake in G-III Apparel Group during the second quarter valued at approximately $109,000. Finally, State of Wyoming grew its stake in shares of G-III Apparel Group by 102.6% in the 4th quarter. State of Wyoming now owns 4,817 shares of the textile maker's stock valued at $140,000 after purchasing an additional 2,439 shares during the period. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GIII has been the subject of several analyst reports. Zacks Research downgraded G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Wall Street Zen cut G-III Apparel Group from a "buy" rating to a "hold" rating in a research report on Saturday. BTIG Research increased their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, June 5th. KeyCorp reiterated an "overweight" rating and set a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Finally, Weiss Ratings raised G-III Apparel Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $33.00.

G-III Apparel Group Price Performance

Shares of GIII opened at $33.77 on Tuesday. The company has a market capitalization of $1.42 billion, a P/E ratio of 11.93 and a beta of 1.28. G-III Apparel Group, LTD. has a one year low of $24.61 and a one year high of $37.54. The business's 50 day simple moving average is $34.76 and its 200-day simple moving average is $31.62.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its quarterly earnings results on Friday, June 5th. The textile maker reported ($0.21) earnings per share for the quarter, beating analysts' consensus estimates of ($0.30) by $0.09. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The firm had revenue of $535.96 million during the quarter, compared to analysts' expectations of $529.07 million. During the same period last year, the firm posted $0.19 EPS. The business's revenue was down 8.2% on a year-over-year basis. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. On average, sell-side analysts anticipate that G-III Apparel Group, LTD. will post 2.24 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 22nd were paid a $0.10 dividend. The ex-dividend date was Monday, June 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.2%. G-III Apparel Group's dividend payout ratio (DPR) is 14.13%.

G-III Apparel Group Profile

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women's and men's apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies' apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company's product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.

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