17,447 Shares in G-III Apparel Group, LTD. $GIII Bought by Bryce Point Capital LLC

Bryce Point Capital LLC purchased a new stake in G-III Apparel Group, LTD. (NASDAQ:GIII) during the 3rd quarter, HoldingsChannel reports. The firm purchased 17,447 shares of the textile maker’s stock, valued at approximately $464,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Federated Hermes Inc. purchased a new stake in shares of G-III Apparel Group in the 3rd quarter worth about $40,000. Raymond James Financial Inc. bought a new position in G-III Apparel Group in the second quarter worth about $41,000. Strs Ohio bought a new position in G-III Apparel Group in the first quarter worth about $77,000. Traub Capital Management LLC purchased a new stake in G-III Apparel Group in the second quarter worth about $67,000. Finally, Headlands Technologies LLC bought a new stake in G-III Apparel Group during the 2nd quarter valued at approximately $109,000. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group Trading Up 0.6%

Shares of NASDAQ:GIII opened at $30.20 on Wednesday. The stock has a fifty day simple moving average of $30.00 and a two-hundred day simple moving average of $27.97. G-III Apparel Group, LTD. has a 12-month low of $20.33 and a 12-month high of $34.83. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 9.07 and a beta of 1.31.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, December 9th. The textile maker reported $1.90 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.29. The firm had revenue of $988.65 million during the quarter, compared to the consensus estimate of $1.01 billion. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The company’s revenue was down 9.3% on a year-over-year basis. During the same period last year, the company earned $2.59 earnings per share. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. As a group, equities research analysts predict that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

G-III Apparel Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, December 15th. G-III Apparel Group’s dividend payout ratio (DPR) is currently 12.01%.

Analyst Upgrades and Downgrades

GIII has been the subject of several research reports. BTIG Research increased their target price on G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Telsey Advisory Group set a $34.00 price objective on G-III Apparel Group in a report on Wednesday, December 10th. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a report on Friday, January 9th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of G-III Apparel Group in a research report on Wednesday, December 10th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.20.

G-III Apparel Group Profile

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women’s and men’s apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies’ apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company’s product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.