Jacobs Levy Equity Management Inc. Invests $1.48 Million in G-III Apparel Group, LTD. $GIII

Key Points

• Jacobs Levy Equity Management Inc. acquired 53,921 shares of G-III Apparel Group during Q1, worth approximately $1.475 million, increasing its ownership to 0.12% of the company.
• Analysts had mixed reviews on G-III stocks, with UBS cutting the price target from $29.00 to $26.00, while KeyCorp raised it from $30.00 to $33.00, reflecting differing views on the stock’s potential.
• G-III Apparel Group reported a quarterly EPS of $0.25, surpassing estimates, but experienced a year-over-year revenue decline of 4.9%, indicating challenges despite some positive earnings.

Jacobs Levy Equity Management Inc. bought a new stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 53,921 shares of the textile maker's stock, valued at approximately $1,475,000. Jacobs Levy Equity Management Inc. owned approximately 0.12% of G-III Apparel Group at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in GIII. SummerHaven Investment Management LLC grew its holdings in G-III Apparel Group by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 29,853 shares of the textile maker's stock valued at $816,000 after purchasing an additional 461 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in G-III Apparel Group by 18.6% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker's stock valued at $117,000 after purchasing an additional 564 shares during the period. Janney Montgomery Scott LLC grew its holdings in G-III Apparel Group by 5.5% in the first quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker's stock valued at $454,000 after purchasing an additional 861 shares during the period. BNP Paribas Financial Markets grew its holdings in G-III Apparel Group by 1.3% in the fourth quarter. BNP Paribas Financial Markets now owns 79,173 shares of the textile maker's stock valued at $2,583,000 after purchasing an additional 995 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in G-III Apparel Group by 8.2% in the first quarter. Envestnet Asset Management Inc. now owns 14,446 shares of the textile maker's stock valued at $395,000 after purchasing an additional 1,092 shares during the period. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Price Performance

Shares of NASDAQ:GIII traded up $0.37 during midday trading on Wednesday, reaching $27.55. The company had a trading volume of 31,317 shares, compared to its average volume of 632,267. The stock's fifty day moving average price is $25.29 and its 200-day moving average price is $25.32. The stock has a market capitalization of $1.16 billion, a P/E ratio of 6.82 and a beta of 1.49. G-III Apparel Group, LTD. has a one year low of $20.33 and a one year high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.15. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The business had revenue of $613.27 million during the quarter, compared to analyst estimates of $568.67 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business's revenue was down 4.9% compared to the same quarter last year. 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. As a group, sell-side analysts forecast that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

Insiders Place Their Bets

In other G-III Apparel Group news, Director Amigo Victor Herrero bought 5,000 shares of the stock in a transaction on Tuesday, June 24th. The stock was purchased at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the completion of the purchase, the director directly owned 54,746 shares in the company, valued at approximately $1,201,674.70. This trade 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 accessible through this hyperlink. 13.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GIII. UBS Group lowered their target price on shares of G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Monday, June 9th. Wall Street Zen downgraded shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. Telsey Advisory Group restated a "market perform" rating and issued a $30.00 target price (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. KeyCorp lifted their price target on shares of G-III Apparel Group from $30.00 to $33.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Finally, Barclays lifted their price target on shares of G-III Apparel Group from $18.00 to $21.00 and gave the company an "underweight" rating in a research report on Friday, September 5th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $29.60.

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.