Voya Investment Management LLC Acquires 16,015 Shares of G-III Apparel Group, LTD. $GIII

Key Points

• Voya Investment Management LLC increased its stake in G-III Apparel Group by 43.2%, acquiring 16,015 shares and bringing its total ownership to 53,083 shares valued at approximately $1.45 million.
• Several institutional investors have also adjusted their positions in G-III Apparel Group, with a reported institutional ownership of 92.13%.
• G-III Apparel Group's latest earnings report showed an EPS of $0.25, exceeding estimates, although revenue decreased by 4.9% year-over-year.

Voya Investment Management LLC boosted its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 43.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,083 shares of the textile maker's stock after acquiring an additional 16,015 shares during the quarter. Voya Investment Management LLC owned 0.12% of G-III Apparel Group worth $1,452,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in GIII. Strs Ohio bought a new position in shares of G-III Apparel Group during the 1st quarter worth approximately $77,000. Intech Investment Management LLC lifted its position in shares of G-III Apparel Group by 14.1% during the 1st quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker's stock worth $1,260,000 after buying an additional 5,685 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of G-III Apparel Group by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,197 shares of the textile maker's stock worth $2,193,000 after buying an additional 6,062 shares in the last quarter. Optimize Financial Inc bought a new position in shares of G-III Apparel Group during the 1st quarter worth approximately $762,000. Finally, Empowered Funds LLC lifted its position in shares of G-III Apparel Group by 0.3% during the 1st quarter. Empowered Funds LLC now owns 340,747 shares of the textile maker's stock worth $9,319,000 after buying an additional 1,146 shares in the last quarter. Institutional investors own 92.13% of the company's stock.

Wall Street Analysts Forecast Growth

GIII has been the topic of several recent analyst reports. Telsey Advisory Group reissued a "market perform" rating and set a $30.00 target price (up previously from $27.00) on shares of G-III Apparel Group in a research report on Tuesday, September 2nd. Barclays lifted their target price on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an "underweight" rating in a research report on Friday, September 5th. Zacks Research cut shares of G-III Apparel Group from a "hold" rating to a "strong sell" rating in a research report on Monday, September 8th. Wall Street Zen cut shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. Finally, KeyCorp lifted their price target on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an "overweight" rating in a report on Friday, September 5th. Two equities 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. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $29.60.

G-III Apparel Group Price Performance

GIII opened at $26.60 on Tuesday. The company has a fifty day moving average price of $25.54 and a 200-day moving average price of $25.33. The firm has a market capitalization of $1.12 billion, a P/E ratio of 6.58 and a beta of 1.49. G-III Apparel Group, LTD. has a one year low of $20.33 and a one year 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.15. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The company had revenue of $613.27 million during the quarter, compared to analyst estimates of $568.67 million. During the same period in the previous year, the business earned $0.52 earnings per share. The firm's quarterly revenue was down 4.9% compared to the same quarter last year. 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, analysts expect that G-III Apparel Group, LTD. will post 4.16 earnings per share 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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