53,921 Shares in G-III Apparel Group, LTD. $GIII Bought by Jacobs Levy Equity Management Inc.

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 position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in shares of G-III Apparel Group by 5,154.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker's stock worth $32,000 after buying an additional 1,134 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of G-III Apparel Group in the 4th quarter worth approximately $68,000. Quarry LP raised its holdings in shares of G-III Apparel Group by 176.1% in the 1st quarter. Quarry LP now owns 3,073 shares of the textile maker's stock worth $84,000 after purchasing an additional 1,960 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of G-III Apparel Group by 18.6% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker's stock worth $117,000 after purchasing an additional 564 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of G-III Apparel Group in the 1st quarter worth approximately $106,000. Institutional investors own 92.13% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on GIII. 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. Barclays lifted their price target on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday, September 5th. UBS Group lowered their price target 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. Zacks Research cut shares of G-III Apparel Group from a "hold" rating to a "strong sell" rating in a report on Monday, September 8th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $30.00 price target (up previously from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $29.60.

G-III Apparel Group Stock Performance

GIII stock traded up $0.02 during midday trading on Wednesday, reaching $27.20. 493,425 shares of the company's stock traded hands, compared to its average volume of 677,526. The company has a 50-day moving average price of $25.37 and a two-hundred day moving average price of $25.33. G-III Apparel Group, LTD. has a 52 week low of $20.33 and a 52 week high of $36.18. The firm has a market capitalization of $1.15 billion, a PE ratio of 6.73 and a beta of 1.49.

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

Insider Activity at G-III Apparel Group

In other news, Director Amigo Victor Herrero purchased 5,000 shares of G-III Apparel Group stock in a transaction dated Tuesday, June 24th. The stock was purchased at an average cost of $21.95 per share, for a total transaction of $109,750.00. Following the transaction, the director directly owned 54,746 shares of the company's stock, valued at approximately $1,201,674.70. This trade represents a 10.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.00% of the stock is 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.