G-III Apparel Group, LTD. $GIII Shares Sold by Hotchkis & Wiley Capital Management LLC

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 decreased its position in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 31.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 quarter.

A number of other large investors have also recently modified their holdings of GIII. GAMMA Investing LLC raised its stake in 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 worth $638,000 after buying an additional 22,657 shares in the last quarter. Phocas Financial Corp. raised its stake in G-III Apparel Group by 84.4% in the fourth quarter. Phocas Financial Corp. now owns 234,020 shares of the textile maker's stock worth $7,634,000 after buying an additional 107,082 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in G-III Apparel Group in the first quarter worth approximately $334,000. Nuveen LLC bought a new position in G-III Apparel Group in the first quarter worth approximately $11,614,000. Finally, CX Institutional bought a new position in G-III Apparel Group in the first quarter worth approximately $2,571,000. Hedge funds and other institutional investors own 92.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on GIII shares. UBS Group reduced their price objective on shares of G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Wall Street Zen lowered shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. Barclays lowered their price target 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. KeyCorp lowered their price target on shares of G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating on the stock in a report on Monday, June 9th. Finally, Telsey Advisory Group lowered their price target on shares of G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating on the stock in a report on Monday, June 9th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, G-III Apparel Group presently has an average rating of "Hold" and an average target price of $27.80.

G-III Apparel Group Stock Down 0.3%

Shares of NASDAQ GIII traded down $0.07 during midday trading on Friday, hitting $27.00. The stock had a trading volume of 579,762 shares, compared to its average volume of 496,485. The company has a market capitalization of $1.17 billion, a PE ratio of 6.25 and a beta of 1.49. The stock has a 50 day simple moving average of $24.29 and a 200-day simple moving average of $25.40. G-III Apparel Group, LTD. has a 1 year low of $20.33 and a 1 year high of $36.18.

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

Insider Buying and Selling at G-III Apparel Group

In other G-III Apparel Group news, Director Amigo Victor Herrero acquired 5,000 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was bought at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the acquisition, the director owned 54,746 shares in the company, valued at approximately $1,201,674.70. The trade was a 10.05% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 13.00% of the stock is currently owned by company insiders.

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.