Public Sector Pension Investment Board Buys 26,291 Shares of G-III Apparel Group, LTD. $GIII

Key Points

• The Public Sector Pension Investment Board increased its holdings in G-III Apparel Group by 27.3% during the 1st quarter, acquiring an additional 26,291 shares for a total ownership of approximately 0.28% valued at $3.35 million.
• Several institutional investors also changed their positions, with GAMMA Investing LLC raising its stake by an impressive 3,366.6% during the same period.
• G-III Apparel Group recently reported an earnings per share (EPS) of $0.19, exceeding analysts' expectations of $0.13, despite a 4.3% decline in revenue year-over-year.

Public Sector Pension Investment Board raised its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 122,497 shares of the textile maker's stock after purchasing an additional 26,291 shares during the period. Public Sector Pension Investment Board owned 0.28% of G-III Apparel Group worth $3,350,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. SummerHaven Investment Management LLC grew its holdings in shares of G-III Apparel Group by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 29,853 shares of the textile maker's stock valued at $816,000 after purchasing an additional 461 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its position 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 last quarter. Janney Montgomery Scott LLC raised its position in G-III Apparel Group by 5.5% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker's stock valued at $454,000 after purchasing an additional 861 shares during the last quarter. BNP Paribas Financial Markets increased its stake in G-III Apparel Group by 1.3% in the 4th quarter. BNP Paribas Financial Markets now owns 79,173 shares of the textile maker's stock valued at $2,583,000 after buying an additional 995 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in G-III Apparel Group by 8.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 14,446 shares of the textile maker's stock valued at $395,000 after buying an additional 1,092 shares during the period. 92.13% of the stock is owned by institutional investors.

G-III Apparel Group Price Performance

NASDAQ GIII traded up $0.20 on Thursday, hitting $26.05. 433,972 shares of the company were exchanged, compared to its average volume of 498,074. The company's 50 day moving average price is $23.63 and its 200-day moving average price is $25.59. The firm has a market capitalization of $1.13 billion, a P/E ratio of 6.03 and a beta of 1.49. G-III Apparel Group, LTD. has a twelve month low of $20.33 and a twelve month high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly earnings data on Friday, June 6th. The textile maker reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.06. The firm had revenue of $583.61 million for the quarter, compared to the consensus estimate of $579.48 million. G-III Apparel Group had a return on equity of 12.65% and a net margin of 6.20%.The business's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.12 EPS. G-III Apparel Group has set its Q2 2026 guidance at 0.020-0.120 EPS. FY 2026 guidance at EPS. As a group, equities analysts expect that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

Analyst Ratings Changes

Several research firms recently commented on GIII. Wall Street Zen lowered shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday, June 14th. Telsey Advisory Group dropped their target price on shares of G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating for the company in a research report on Monday, June 9th. UBS Group lowered their price objective on shares of G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. KeyCorp decreased their price target on shares of G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating for the company in a research report on Monday, June 9th. Finally, Barclays reduced their price objective on G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating on the stock in a research note on Monday, June 9th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $27.80.

Insider Activity at G-III Apparel Group

In related news, Director Amigo Victor Herrero acquired 5,000 shares of the company's stock in a transaction on Tuesday, June 24th. The stock was purchased at an average cost of $21.95 per share, for a total transaction of $109,750.00. Following the completion of the purchase, the director directly owned 54,746 shares of the company's stock, valued at $1,201,674.70. The trade was a 10.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 13.00% of the stock is currently owned by company insiders.

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.