27,848 Shares in G-III Apparel Group, LTD. $GIII Bought by Optimize Financial Inc

Key Points

• Optimize Financial Inc invested $762,000 in G-III Apparel Group by purchasing 27,848 shares, representing about 0.06% ownership of the company.
• G-III Apparel Group reported quarterly earnings of $0.25 per share, exceeding expectations of $0.10, with revenue of $613.27 million while forecasting Q3 2026 earnings guidance of $1.430-1.630 EPS.
• Institutional investors own 92.13% of G-III Apparel Group stock, with various firms increasing or establishing their positions in the company during recent quarters.

Optimize Financial Inc bought a new position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 27,848 shares of the textile maker's stock, valued at approximately $762,000. Optimize Financial Inc owned about 0.06% of G-III Apparel Group at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd increased its holdings 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 acquiring an additional 1,134 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of G-III Apparel Group during the 4th quarter worth approximately $68,000. Quarry LP increased its holdings in shares of G-III Apparel Group by 176.1% during the 1st quarter. Quarry LP now owns 3,073 shares of the textile maker's stock worth $84,000 after acquiring an additional 1,960 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in 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 valued at $117,000 after purchasing an additional 564 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in G-III Apparel Group in the 1st quarter valued at $106,000. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group Stock Down 2.2%

Shares of NASDAQ:GIII traded down $0.61 during trading on Friday, reaching $26.56. 753,932 shares of the company traded hands, compared to its average volume of 658,970. The company's 50 day moving average is $25.15 and its two-hundred day moving average is $25.31. The firm has a market capitalization of $1.12 billion, a PE ratio of 6.57 and a beta of 1.49. G-III Apparel Group, LTD. has a 52 week low of $20.33 and a 52 week high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released 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. The firm had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The company's revenue was down 4.9% compared to the same quarter last year. During the same period in the prior year, the company posted $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, research analysts anticipate that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

Insider Buying and Selling at G-III Apparel Group

In other G-III Apparel Group news, Director Amigo Victor Herrero acquired 5,000 shares of the company's stock in a transaction that occurred 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 transaction, the director directly owned 54,746 shares in the company, valued at $1,201,674.70. This represents a 10.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 13.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GIII has been the subject of several recent research reports. UBS Group reduced their price target on 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. Zacks Research downgraded G-III Apparel Group from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. Telsey Advisory Group restated a "market perform" rating and issued a $30.00 price target (up from $27.00) on shares of G-III Apparel Group in a research note on Tuesday, September 2nd. Wall Street Zen downgraded G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, KeyCorp boosted their price target on G-III Apparel Group from $30.00 to $33.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, G-III Apparel Group presently has a consensus rating of "Hold" and an average price target of $29.60.

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.