Jump Financial LLC Makes New $878,000 Investment in G-III Apparel Group, LTD. $GIII

Key Points

• Jump Financial LLC has invested approximately $878,000 in G-III Apparel Group by acquiring 32,103 shares, representing about 0.07% of the company's stock as of the last quarter.
• Recent insider activity saw Director Amigo Victor Herrero purchase 5,000 shares at $21.95 each, increasing their ownership in the company by 10.05%.
• G-III Apparel Group reported earnings of $0.19 per share for the last quarter, exceeding analyst expectations, despite a 4.3% year-over-year revenue decline.

Jump Financial LLC purchased a new stake in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 32,103 shares of the textile maker's stock, valued at approximately $878,000. Jump Financial LLC owned approximately 0.07% of G-III Apparel Group as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its stake in G-III Apparel Group by 5,154.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker's stock valued at $32,000 after purchasing an additional 1,134 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new position in G-III Apparel Group in the fourth quarter worth $68,000. DekaBank Deutsche Girozentrale purchased a new position in G-III Apparel Group in the first quarter worth $106,000. Point72 Asia Singapore Pte. Ltd. increased its stake 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 acquiring an additional 564 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new stake in G-III Apparel Group during the fourth quarter valued at about $217,000. Hedge funds and other institutional investors own 92.13% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GIII shares. Telsey Advisory Group restated a "market perform" rating and issued a $27.00 target price on shares of G-III Apparel Group in a research report on Tuesday. UBS Group cut 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 target price on G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating for the company in a research note on Monday, June 9th. Finally, KeyCorp reduced their price target 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 investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $27.80.

Insider Buying and Selling at G-III Apparel Group

In related news, Director Amigo Victor Herrero purchased 5,000 shares of the stock in a transaction dated Tuesday, June 24th. The stock was purchased at an average price of $21.95 per share, with a total value of $109,750.00. Following the transaction, the director directly owned 54,746 shares in the company, valued at $1,201,674.70. This trade represents a 10.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 13.00% of the stock is owned by insiders.

G-III Apparel Group Stock Performance

Shares of GIII traded down $0.13 on Thursday, reaching $26.99. The stock had a trading volume of 888,783 shares, compared to its average volume of 626,134. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 6.24 and a beta of 1.49. The company has a 50-day simple moving average of $24.60 and a 200-day simple moving average of $25.40. G-III Apparel Group, LTD. has a 12-month low of $20.33 and a 12-month high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.15. G-III Apparel Group had a net margin of 6.20% and a return on equity of 12.65%. The business had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. During the same quarter last year, the firm earned $0.52 earnings per share. The business's revenue for the quarter was down 4.9% on a year-over-year basis. 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. On average, analysts expect that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

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.