Hotchkis & Wiley Capital Management LLC Has $5.95 Million Holdings in G-III Apparel Group, LTD. $GIII

Key Points

• Hotchkis & Wiley Capital Management LLC has reduced its holdings in G-III Apparel Group by 31%, selling 97,680 shares and maintaining a total of 217,480 shares, valued at approximately $5.95 million.
• In contrast, other institutional investors, like Caitong International Asset Management, significantly increased their positions, with Caitong boosting its stake by 5,154.5%.
• Recent analyst ratings have downgraded G-III Apparel Group, with several firms lowering price targets, including KeyCorp's cut from $40 to $30, reflecting cautious market sentiment.

Hotchkis & Wiley Capital Management LLC trimmed its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 31.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 217,480 shares of the textile maker's stock after selling 97,680 shares during the period. Hotchkis & Wiley Capital Management LLC owned 0.50% of G-III Apparel Group worth $5,948,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of GIII. Wells Fargo & Company MN lifted its stake in shares of G-III Apparel Group by 17.7% in the 4th quarter. Wells Fargo & Company MN now owns 29,147 shares of the textile maker's stock valued at $951,000 after purchasing an additional 4,391 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of G-III Apparel Group by 18.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,354 shares of the textile maker's stock valued at $436,000 after acquiring an additional 2,079 shares during the last quarter. First Trust Advisors LP grew its stake in G-III Apparel Group by 65.5% during the 4th quarter. First Trust Advisors LP now owns 143,942 shares of the textile maker's stock worth $4,695,000 after buying an additional 56,950 shares during the last quarter. Hsbc Holdings PLC grew its stake in G-III Apparel Group by 101.0% during the 4th quarter. Hsbc Holdings PLC now owns 81,838 shares of the textile maker's stock worth $2,686,000 after buying an additional 41,118 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in G-III Apparel Group by 6.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,565 shares of the textile maker's stock worth $1,161,000 after buying an additional 2,136 shares during the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on GIII shares. Wall Street Zen lowered G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday, June 14th. Barclays reduced their target price on G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating for the company in a report on Monday, June 9th. Telsey Advisory Group dropped their price target on G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating on the stock in a research report on Monday, June 9th. UBS Group dropped their target price on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating on the stock in a research report on Monday, June 9th. Finally, KeyCorp dropped their target price on G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, June 9th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company 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 bought 5,000 shares of the stock in a transaction dated Tuesday, June 24th. The stock was 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 approximately $1,201,674.70. This represents a 10.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 13.00% of the company's stock.

G-III Apparel Group Stock Up 0.3%

GIII traded up $0.07 during trading on Thursday, hitting $27.07. The company's stock had a trading volume of 530,382 shares, compared to its average volume of 502,277. The firm's 50 day moving average price is $24.19 and its two-hundred day moving average price is $25.48. G-III Apparel Group, LTD. has a 12 month low of $20.33 and a 12 month high of $36.18. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 6.27 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings data on Friday, June 6th. The textile maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. G-III Apparel Group had a return on equity of 12.65% and a net margin of 6.20%.The firm had revenue of $583.61 million during the quarter, compared to the consensus estimate of $579.48 million. During the same quarter in the previous year, the company posted $0.12 EPS. The business's revenue for the quarter was down 4.3% compared to the same quarter last year. G-III Apparel Group has set its Q2 2026 guidance at 0.020-0.120 EPS. FY 2026 guidance at EPS. On average, sell-side analysts forecast that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current 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.