Private Client Services LLC Invests $500,000 in G-III Apparel Group, LTD. $GIII

Key Points

• Private Client Services LLC invested $500,000 in G-III Apparel Group, purchasing 22,305 shares, which constitutes approximately 0.05% of the company.
• G-III Apparel Group reported a quarterly earnings per share (EPS) of $0.25, exceeding analysts' expectations of $0.10, despite a 4.9% revenue decline from the previous year.
• Analysts' ratings on G-III Apparel Group vary, with two ratings as "Buy," two as "Hold," and two as "Sell," reflecting mixed market sentiments on the company's performance.

Private Client Services LLC bought a new stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 22,305 shares of the textile maker's stock, valued at approximately $500,000. Private Client Services LLC owned 0.05% of G-III Apparel Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Millennium Management LLC lifted its stake in G-III Apparel Group by 139.3% during the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker's stock valued at $26,070,000 after acquiring an additional 554,933 shares in the last quarter. Nuveen LLC purchased a new stake in shares of G-III Apparel Group during the 1st quarter valued at $11,614,000. Point72 Asset Management L.P. increased its position in shares of G-III Apparel Group by 111.7% during the 4th quarter. Point72 Asset Management L.P. now owns 381,126 shares of the textile maker's stock valued at $12,432,000 after purchasing an additional 201,126 shares during the last quarter. American Century Companies Inc. increased its position in shares of 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 during the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of G-III Apparel Group by 25.0% during the 1st quarter. Victory Capital Management Inc. now owns 706,288 shares of the textile maker's stock valued at $19,317,000 after purchasing an additional 141,290 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors.

Insider Transactions 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 bought at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the acquisition, the director directly owned 54,746 shares in the company, valued at $1,201,674.70. The trade was a 10.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.00% of the stock is currently owned by insiders.

G-III Apparel Group Trading Up 0.6%

GIII stock traded up $0.16 during trading on Thursday, reaching $27.36. The stock had a trading volume of 202,537 shares, compared to its average volume of 632,476. G-III Apparel Group, LTD. has a 52 week low of $20.33 and a 52 week high of $36.18. The stock's 50 day moving average is $25.37 and its two-hundred day moving average is $25.33. The firm has a market cap of $1.15 billion, a PE ratio of 6.76 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.15. The business had revenue of $613.27 million during the quarter, compared to analysts' expectations of $568.67 million. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The business's quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share. 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, research analysts anticipate that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on GIII. Wall Street Zen downgraded G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday, June 14th. Zacks Research cut G-III Apparel Group from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. KeyCorp increased their target price on G-III Apparel Group from $30.00 to $33.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Telsey Advisory Group reissued a "market perform" rating and issued a $30.00 target price (up from $27.00) on shares of G-III Apparel Group in a research note on Tuesday, September 2nd. Finally, UBS Group lowered their price target on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating on the stock in a report on Monday, June 9th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average 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.