15,037 Shares in G-III Apparel Group, LTD. $GIII Bought by Magnetar Financial LLC

Key Points

• Magnetar Financial LLC has acquired 15,037 shares of G-III Apparel Group, valued at approximately $411,000, marking a new investment during the first quarter.
• G-III Apparel Group's recent earnings report showed $0.19 earnings per share, surpassing expectations of $0.13, although revenue was down by 4.3% year-over-year.
• Analysts have lowered price targets for G-III Apparel Group, with Telsey Advisory Group setting a new target of **$27.00**, indicating a shift in market sentiment towards a "market perform" rating.

Magnetar Financial LLC purchased a new position in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 15,037 shares of the textile maker's stock, valued at approximately $411,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of GIII. Caitong International Asset Management Co. Ltd lifted its position in shares of G-III Apparel Group by 5,154.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker's stock worth $32,000 after acquiring an additional 1,134 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of G-III Apparel Group during the fourth quarter worth $68,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of G-III Apparel Group by 18.6% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker's stock worth $117,000 after acquiring an additional 564 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of G-III Apparel Group during the first quarter worth $106,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of G-III Apparel Group during the fourth quarter worth $217,000. Institutional investors own 92.13% of the company's stock.

Insiders Place Their Bets

In related news, Director Amigo Victor Herrero bought 5,000 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was acquired at an average cost of $21.95 per share, for a total transaction of $109,750.00. Following the purchase, the director owned 54,746 shares in the company, valued at approximately $1,201,674.70. This represents a 10.05% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 13.00% of the stock is currently owned by insiders.

G-III Apparel Group Price Performance

NASDAQ GIII traded down $1.67 during mid-day trading on Friday, reaching $25.96. The stock had a trading volume of 1,154,002 shares, compared to its average volume of 541,699. G-III Apparel Group, LTD. has a 1 year low of $20.33 and a 1 year high of $36.18. The stock has a market cap of $1.12 billion, a PE ratio of 6.43 and a beta of 1.49. The company has a fifty day moving average price of $24.78 and a 200 day moving average price of $25.37.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.25 earnings per share 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 11.59%. The company had revenue of $613.27 million during the quarter, compared to analyst estimates of $568.67 million. During the same period in the previous year, the business earned $0.52 EPS. The firm'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. As a group, equities research analysts expect that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

GIII has been the subject of several research analyst reports. KeyCorp lifted their price objective on G-III Apparel Group from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday. UBS Group reduced their target price on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Wall Street Zen cut G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 14th. Barclays lifted their price objective on G-III Apparel Group from $18.00 to $21.00 and gave the stock an "underweight" rating in a report on Friday. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $30.00 target price (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday. Two 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.com, the company currently has an average rating of "Hold" and a consensus target price of $29.60.

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.