Public Employees Retirement System of Ohio Has $306,000 Stock Holdings in G-III Apparel Group, LTD. $GIII

Key Points

• The Public Employees Retirement System of Ohio increased its stake in G-III Apparel Group by 494%, owning 13,669 shares valued at $306,000.
• G-III Apparel Group reported $0.25 EPS for the quarter, exceeding expectations, with a revenue of $613.27 million despite a 4.9% drop compared to last year.
• Institutional investors own 92.13% of the stock, with various hedge funds making adjustments to their positions in G-III Apparel Group.

Public Employees Retirement System of Ohio increased its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 494.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,669 shares of the textile maker's stock after acquiring an additional 11,368 shares during the period. Public Employees Retirement System of Ohio's holdings in G-III Apparel Group were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. SummerHaven Investment Management LLC raised its holdings in shares of G-III Apparel Group by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 29,853 shares of the textile maker's stock worth $816,000 after acquiring an additional 461 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of G-III Apparel Group by 5.5% during the first quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker's stock worth $454,000 after acquiring an additional 861 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of G-III Apparel Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker's stock worth $635,000 after acquiring an additional 1,018 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of G-III Apparel Group by 8.2% during the first quarter. Envestnet Asset Management Inc. now owns 14,446 shares of the textile maker's stock worth $395,000 after acquiring an additional 1,092 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of G-III Apparel Group by 5,154.5% during the first 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 period. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on GIII shares. 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. Telsey Advisory Group restated a "market perform" rating and set a $30.00 price objective (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. UBS Group lowered 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. KeyCorp lifted their price target on shares of 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. Finally, Barclays lifted their price target on shares of 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. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $29.60.

G-III Apparel Group Stock Performance

Shares of GIII stock opened at $27.23 on Tuesday. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 6.74 and a beta of 1.58. The company has a 50-day simple moving average of $26.19 and a 200 day simple moving average of $25.38. 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 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 during the quarter, compared to the consensus estimate of $568.67 million. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. G-III Apparel Group's revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. Sell-side analysts forecast that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

G-III Apparel Group 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.

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