Legal & General Group Plc Makes New Investment in G-III Apparel Group, LTD. $GIII

Key Points

• Legal & General Group acquired 87,526 G-III Apparel shares valued at approximately $2.95 million, representing about 0.21% of the company. Institutional investors and hedge funds collectively own 92.13% of G-III.
• G-III’s latest quarter showed resilient profitability, with EPS of $0.26 beating estimates, but revenue fell 9.7% year over year to $554.1 million and missed expectations.
• Analyst sentiment is mixed: BTIG and KeyCorp maintain bullish $40 targets, while Telsey cut its target to $32 and adopted a Market Perform rating. The company’s Marc Jacobs strategy offers growth potential, but execution, cash flow and continued revenue pressure remain risks.

Legal & General Group Plc acquired a new stake in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 87,526 shares of the textile maker's stock, valued at approximately $2,951,000. Legal & General Group Plc owned approximately 0.21% of G-III Apparel Group at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Landscape Capital Management L.L.C. acquired a new stake in G-III Apparel Group during the second quarter worth about $1,723,000. AlphaQuest LLC boosted its position in shares of G-III Apparel Group by 251.4% during the 4th quarter. AlphaQuest LLC now owns 70,278 shares of the textile maker's stock worth $2,035,000 after acquiring an additional 50,279 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of G-III Apparel Group by 149.8% during the 1st quarter. SG Americas Securities LLC now owns 52,390 shares of the textile maker's stock worth $1,451,000 after acquiring an additional 31,420 shares in the last quarter. BlackRock Inc. bought a new position in G-III Apparel Group in the second quarter valued at approximately $232,832,000. Finally, GSA Capital Partners LLP bought a new stake in G-III Apparel Group during the second quarter worth $1,143,000. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group Trading Up 1.9%

G-III Apparel Group stock opened at $27.74 on Friday. The stock has a 50-day moving average price of $34.13 and a two-hundred day moving average price of $31.83. G-III Apparel Group, LTD. has a 12 month low of $24.61 and a 12 month high of $37.54. The company has a market capitalization of $1.17 billion, a PE ratio of 9.13 and a beta of 1.27.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its earnings results on Wednesday, September 2nd. The textile maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a net margin of 4.75% and a return on equity of 5.55%. The business had revenue of $554.09 million for the quarter, compared to the consensus estimate of $570.37 million. During the same period last year, the company earned $0.25 EPS. The firm's revenue was down 9.7% compared to the same quarter last year. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. As a group, analysts predict that G-III Apparel Group, LTD. will post 2.25 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th. G-III Apparel Group's dividend payout ratio (DPR) is currently 14.13%.

Key G-III Apparel Group News

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: Marc Jacobs provides a major growth opportunity. G-III’s acquisition of the luxury brand expands its owned-brand portfolio, and Marc Jacobs is expected to eventually generate approximately $1 billion in annual revenue. The strategy could improve brand control, margins and long-term growth. G-III Apparel's Strategic Transformation Gains Steam With Marc Jacobs
• Positive Sentiment: Earnings and profitability showed resilience. Second-quarter EPS exceeded expectations, supported by gross-margin expansion, cost controls and stronger performance from owned brands. The company also raised its earnings outlook, reinforcing the view that the strategic transition is improving underlying profitability. G-III Apparel Q2 Fiscal 2027 EPS Rises
• Positive Sentiment: BTIG reaffirmed its Buy rating and $40 price target, indicating substantial potential upside and confidence in G-III’s brand transformation. BTIG rating update
• Neutral Sentiment: Analyst views remain divided. Coverage highlights attractive owned-brand growth and margin gains, but characterizes the risk-reward profile as balanced while Marc Jacobs integration and execution are tested. G-III Apparel Group: Lots Of Moving Factors
• Negative Sentiment: Revenue remains under pressure. Second-quarter sales declined roughly 10% year over year and missed estimates, while the loss of key PVH licenses and European weakness are weighing on headline results. Q3 guidance was viewed as disappointing. G-III Apparel Mixed Q2 Read-Across
• Negative Sentiment: Execution and cash-flow risks limit enthusiasm. Analysts cited declining cash-flow trends, continued wholesale exposure and uncertainty surrounding Marc Jacobs. Telsey lowered its price target from $38 to $32 and changed its rating to Market Perform. Telsey Advisory Group rating update

Analysts Set New Price Targets

Several brokerages have recently issued reports on GIII. Telsey Advisory Group decreased their price target on G-III Apparel Group from $38.00 to $32.00 and set a "market perform" rating on the stock in a research note on Thursday. BTIG Research reaffirmed a "buy" rating and issued a $40.00 price objective on shares of G-III Apparel Group in a research note on Wednesday. KeyCorp reissued an "overweight" rating and set a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Wall Street Zen raised shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Weiss Ratings raised shares of G-III Apparel Group from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, June 9th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, G-III Apparel Group has an average rating of "Moderate Buy" and a consensus price target of $34.50.

About G-III Apparel Group

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women's and men's apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies' apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company's product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.

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