Northern Trust Corp Has $13.74 Million Holdings in G-III Apparel Group, LTD. $GIII

Key Points

• Northern Trust Corp has reduced its stock position in G-III Apparel Group by 3.6%, owning approximately 1.14% of the company after selling 18,686 shares.
• Various institutional investors, including Nuveen LLC and Point72 Asset Management, have actively adjusted their holdings in G-III Apparel Group, highlighting significant interest in the company.
• Analysts have lowered their target prices for G-III Apparel Group, with ratings ranging from "Buy" to "Sell," reflecting increasing skepticism about the stock's performance amid a consensus target price of $27.80.

Northern Trust Corp lessened its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 502,245 shares of the textile maker's stock after selling 18,686 shares during the period. Northern Trust Corp owned 1.14% of G-III Apparel Group worth $13,736,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Algert Global LLC acquired a new position in G-III Apparel Group in the 1st quarter worth about $2,678,000. American Century Companies Inc. grew its stake in G-III Apparel Group by 11.1% during the 1st quarter. American Century Companies Inc. now owns 1,624,350 shares of the textile maker's stock valued at $44,426,000 after purchasing an additional 162,904 shares in the last quarter. Brandywine Global Investment Management LLC increased its holdings in shares of G-III Apparel Group by 5.7% during the first quarter. Brandywine Global Investment Management LLC now owns 160,000 shares of the textile maker's stock valued at $4,376,000 after purchasing an additional 8,623 shares during the period. Caitong International Asset Management Co. Ltd grew 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. Finally, Public Sector Pension Investment Board raised its stake in shares of G-III Apparel Group by 27.3% in the first quarter. Public Sector Pension Investment Board now owns 122,497 shares of the textile maker's stock valued at $3,350,000 after purchasing an additional 26,291 shares in the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on GIII. Telsey Advisory Group reiterated a "market perform" rating and issued a $30.00 price objective (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Wall Street Zen cut shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 14th. Barclays upped their target price 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. UBS Group decreased 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 research note on Monday, June 9th. Finally, KeyCorp boosted 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. Two equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $29.60.

Insider Buying and Selling

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

G-III Apparel Group Stock Performance

NASDAQ GIII traded up $0.95 on Monday, hitting $26.91. 523,916 shares of the stock traded hands, compared to its average volume of 631,186. G-III Apparel Group, LTD. has a 12 month low of $20.33 and a 12 month high of $36.18. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 6.65 and a beta of 1.49. The business's fifty day moving average is $24.78 and its two-hundred day moving average is $25.32.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $613.27 million for the quarter, compared to analysts' expectations of $568.67 million. During the same quarter in the prior year, the business earned $0.52 EPS. The business's quarterly revenue 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. 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.