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 G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position in G-III Apparel Group by 11.1% in the first 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 period. Millennium Management LLC raised its holdings in shares of G-III Apparel Group by 139.3% in the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker's stock valued at $26,070,000 after buying an additional 554,933 shares during the period. LSV Asset Management raised its holdings in shares of G-III Apparel Group by 13.2% in the 1st quarter. LSV Asset Management now owns 846,904 shares of the textile maker's stock valued at $23,163,000 after buying an additional 98,923 shares during the period. Victory Capital Management Inc. raised its holdings in shares of G-III Apparel Group by 25.0% in the 1st quarter. Victory Capital Management Inc. now owns 706,288 shares of the textile maker's stock valued at $19,317,000 after buying an additional 141,290 shares during the period. Finally, Bridgeway Capital Management LLC raised its holdings in shares of G-III Apparel Group by 0.8% in the 1st quarter. Bridgeway Capital Management LLC now owns 619,051 shares of the textile maker's stock valued at $16,931,000 after buying an additional 4,851 shares during the period. Hedge funds and other institutional investors own 92.13% of the company's stock.

G-III Apparel Group Price Performance

Shares of GIII stock traded down $0.20 during trading hours on Tuesday, reaching $27.18. 451,537 shares of the company's stock were exchanged, compared to its average volume of 673,251. The company has a market cap of $1.15 billion, a P/E ratio of 6.37 and a beta of 1.49. The company's 50 day moving average is $25.22 and its two-hundred day moving average is $25.30. G-III Apparel Group, LTD. has a 1 year low of $20.33 and a 1 year high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share (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 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 for the quarter was down 4.9% on a year-over-year basis. During the same period in the prior year, the business 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, analysts predict that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GIII shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $30.00 price objective (up previously from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Zacks Research downgraded G-III Apparel Group from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. Barclays increased their target price on G-III Apparel Group from $18.00 to $21.00 and gave the company an "underweight" rating in a report on Friday, September 5th. KeyCorp upped their price objective on G-III Apparel Group from $30.00 to $33.00 and gave the stock an "overweight" rating in a research report on Friday, September 5th. Finally, Wall Street Zen downgraded G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $29.60.

Insider Activity

In other G-III Apparel Group news, Director Amigo Victor Herrero bought 5,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was acquired at an average cost of $21.95 per share, with a total value 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 13.00% of the company's stock.

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.