48,191 Shares in G-III Apparel Group, LTD. $GIII Purchased by Ieq Capital LLC

Ieq Capital LLC acquired a new stake in G-III Apparel Group, LTD. (NASDAQ:GIII) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 48,191 shares of the textile maker’s stock, valued at approximately $1,625,000. Ieq Capital LLC owned 0.11% of G-III Apparel Group at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. AlphaQuest LLC raised its stake in shares of G-III Apparel Group by 251.4% in the 4th quarter. AlphaQuest LLC now owns 70,278 shares of the textile maker’s stock valued at $2,035,000 after acquiring an additional 50,279 shares during the period. SG Americas Securities LLC increased its holdings in G-III Apparel Group by 149.8% in the 1st quarter. SG Americas Securities LLC now owns 52,390 shares of the textile maker’s stock valued at $1,451,000 after purchasing an additional 31,420 shares during the last quarter. Hsbc Holdings PLC increased its holdings in G-III Apparel Group by 46.2% in the 4th quarter. Hsbc Holdings PLC now owns 128,096 shares of the textile maker’s stock valued at $3,756,000 after purchasing an additional 40,485 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in G-III Apparel Group in the second quarter valued at approximately $1,143,000. Finally, Fifth Third Bancorp raised its position in G-III Apparel Group by 9,182.9% in the first quarter. Fifth Third Bancorp now owns 39,731 shares of the textile maker’s stock valued at $1,101,000 after purchasing an additional 39,303 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on GIII shares. Weiss Ratings raised G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Zacks Research lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Wall Street Zen cut G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. KeyCorp reaffirmed an “overweight” rating and issued a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, BTIG Research boosted their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $33.00.

G-III Apparel Group Stock Down 1.5%

NASDAQ:GIII opened at $33.29 on Wednesday. The company has a fifty day simple moving average of $34.62 and a two-hundred day simple moving average of $31.80. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 11.76 and a beta of 1.28. G-III Apparel Group, LTD. has a 52 week low of $24.61 and a 52 week high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The business had revenue of $535.96 million for the quarter, compared to analyst estimates of $529.07 million. G-III Apparel Group had a return on equity of 5.59% and a net margin of 4.34%.The company’s revenue was down 8.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $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, analysts expect that G-III Apparel Group, LTD. will post 2.24 EPS for the current year.

G-III Apparel Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 15th will be given a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.2%. G-III Apparel Group’s dividend payout ratio (DPR) is currently 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.