51,098 Shares in G-III Apparel Group, LTD. $GIII Purchased by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 51,098 shares of the textile maker’s stock, valued at approximately $1,723,000.

Other hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in G-III Apparel Group in the second quarter valued at about $50,000. Parallel Advisors LLC boosted its stake in shares of G-III Apparel Group by 231.9% during the 4th quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock worth $52,000 after acquiring an additional 1,243 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of G-III Apparel Group during the 2nd quarter worth approximately $41,000. State of Wyoming acquired a new stake in shares of G-III Apparel Group in the 2nd quarter worth approximately $80,000. Finally, Strs Ohio acquired a new stake in shares of G-III Apparel Group in the 1st quarter worth approximately $77,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on GIII. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 price objective (up from $29.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. BTIG Research boosted their target price on G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Wall Street Zen lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. KeyCorp restated an “overweight” rating and issued a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, Zacks Research downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $33.00.

G-III Apparel Group Trading Up 1.8%

NASDAQ:GIII opened at $33.78 on Friday. G-III Apparel Group, LTD. has a 12-month low of $24.61 and a 12-month high of $37.54. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 11.94 and a beta of 1.28. The company’s 50-day moving average is $34.67 and its two-hundred day moving average is $31.74.

G-III Apparel Group (NASDAQ:GIII) last issued 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. The business had revenue of $535.96 million during the quarter, compared to the consensus estimate of $529.07 million. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. 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. On average, equities 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 15th. G-III Apparel Group’s payout ratio is presently 14.13%.

About G-III Apparel Group

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.