Profit Investment Management LLC Has $2.26 Million Stock Position in G-III Apparel Group, LTD. $GIII

Key Points

• Profit Investment Management LLC reduced its stake in G-III Apparel Group by 19.2%, holding approximately 100,965 shares valued at $2.26 million, which makes up 2.0% of its portfolio.
• G-III Apparel Group reported an EPS of $0.25 for the latest quarter, exceeding expectations of $0.10, with revenue of $613.27 million compared to a forecast of $568.67 million.
• Analysts have mixed ratings on the stock, with a consensus rating of "Hold" and a target price of $29.60, while 92.13% of the shares are owned by institutional investors.

Profit Investment Management LLC lessened its stake in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 19.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 100,965 shares of the textile maker's stock after selling 23,922 shares during the period. G-III Apparel Group accounts for approximately 2.0% of Profit Investment Management LLC's investment portfolio, making the stock its 15th largest holding. Profit Investment Management LLC owned about 0.23% of G-III Apparel Group worth $2,262,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of GIII. ProShare Advisors LLC boosted its holdings in shares of G-III Apparel Group by 39.7% in the fourth quarter. ProShare Advisors LLC now owns 11,764 shares of the textile maker's stock valued at $384,000 after acquiring an additional 3,346 shares during the period. Two Sigma Investments LP boosted its holdings in G-III Apparel Group by 16.4% in the 4th quarter. Two Sigma Investments LP now owns 58,381 shares of the textile maker's stock valued at $1,904,000 after purchasing an additional 8,211 shares in the last quarter. Squarepoint Ops LLC purchased a new position in shares of G-III Apparel Group in the 4th quarter valued at about $2,308,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in G-III Apparel Group by 16.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 74,135 shares of the textile maker's stock valued at $2,418,000 after purchasing an additional 10,320 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in G-III Apparel Group in the fourth quarter valued at $68,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on GIII. Telsey Advisory Group restated a "market perform" rating and set a $30.00 price target (up previously from $27.00) on shares of G-III Apparel Group in a research report on Tuesday, September 2nd. KeyCorp raised 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. Wall Street Zen lowered shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. Barclays lifted their price objective on G-III Apparel Group from $18.00 to $21.00 and gave the company an "underweight" rating in a research note on Friday, September 5th. Finally, Zacks Research cut shares of G-III Apparel Group from a "hold" rating to a "strong sell" rating in a research note on Monday, September 8th. Two research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $29.60.

G-III Apparel Group Stock Performance

Shares of NASDAQ:GIII traded down $0.99 during trading on Friday, hitting $26.34. The company's stock had a trading volume of 1,623,273 shares, compared to its average volume of 739,188. The stock's 50-day moving average price is $25.49 and its two-hundred day moving average price is $25.33. The company has a market capitalization of $1.11 billion, a PE ratio of 6.52 and a beta of 1.49. G-III Apparel Group, LTD. has a fifty-two week low of $20.33 and a fifty-two week high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.10 by $0.15. The business had revenue of $613.27 million for 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%.G-III Apparel Group's revenue was down 4.9% compared to the same quarter last year. During the same period in the previous year, the business earned $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. On average, equities analysts predict that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

Insider Activity at G-III Apparel Group

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

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.