Sanctuary Advisors LLC Invests $659,000 in G-III Apparel Group, LTD. $GIII

Sanctuary Advisors LLC purchased a new stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,806 shares of the textile maker’s stock, valued at approximately $659,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC grew its holdings in shares of G-III Apparel Group by 107.7% in the fourth quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 488 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in G-III Apparel Group in the 4th quarter valued at about $34,000. Parallel Advisors LLC boosted its holdings in G-III Apparel Group by 231.9% in the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 1,243 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of G-III Apparel Group in the 2nd quarter valued at approximately $41,000. Finally, Strs Ohio purchased a new stake in shares of G-III Apparel Group in the 1st quarter valued at approximately $77,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

Wall Street Analyst Weigh In

GIII has been the topic of several analyst reports. Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Zacks Research lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Wall Street Zen raised G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 20th. KeyCorp reissued an “overweight” rating and set a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $33.00.

G-III Apparel Group Stock Performance

NASDAQ:GIII opened at $35.93 on Tuesday. G-III Apparel Group, LTD. has a fifty-two week low of $23.01 and a fifty-two week high of $36.53. The company has a 50 day moving average price of $33.68 and a 200 day moving average price of $31.00. The stock has a market capitalization of $1.52 billion, a P/E ratio of 12.70 and a beta of 1.28.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Friday, June 5th. The textile maker reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The company had revenue of $535.96 million for the quarter, compared to analysts’ expectations of $529.07 million. During the same period in the prior year, the firm earned $0.19 earnings per share. The firm’s revenue was down 8.2% compared to the same quarter last year. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. Research analysts forecast that G-III Apparel Group, LTD. will post 2.24 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Monday, June 22nd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, June 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.1%. G-III Apparel Group’s dividend payout ratio (DPR) is presently 14.13%.

G-III Apparel Group Company 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.