G-III Apparel Group, LTD. $GIII Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,374,609 shares of the textile maker’s stock after selling 168,242 shares during the quarter. Vanguard Group Inc. owned about 0.10% of G-III Apparel Group worth $126,689,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GIII. GAMMA Investing LLC increased its holdings in shares of G-III Apparel Group by 107.7% during the fourth quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 488 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of G-III Apparel Group by 105.2% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 591 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in G-III Apparel Group in the 4th quarter worth approximately $34,000. Federated Hermes Inc. purchased a new stake in G-III Apparel Group during the 3rd quarter worth approximately $40,000. Finally, Raymond James Financial Inc. acquired a new position in G-III Apparel Group during the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group decreased their price target on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. Telsey Advisory Group reissued a “market perform” rating and set a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a report on Monday, March 9th. BTIG Research reissued a “buy” rating and issued a $34.00 target price on shares of G-III Apparel Group in a research report on Wednesday, March 18th. Finally, Zacks Research lowered G-III Apparel Group from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 17th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $29.00.

G-III Apparel Group Trading Down 1.9%

Shares of NASDAQ:GIII opened at $29.67 on Wednesday. G-III Apparel Group, LTD. has a twelve month low of $20.33 and a twelve month high of $34.83. The company’s 50 day moving average is $29.17 and its 200 day moving average is $29.40. The company has a market cap of $1.25 billion, a PE ratio of 19.78 and a beta of 1.30.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.29). The business had revenue of $771.49 million for the quarter, compared to analyst estimates of $791.98 million. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The business’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 earnings per share. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. Equities research analysts predict that G-III Apparel Group, LTD. will post 2.07 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 30th. Investors of record on Monday, March 23rd were given a dividend of $0.10 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. G-III Apparel Group’s payout ratio is currently 26.67%.

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.