Public Sector Pension Investment Board Has $3.96 Million Stock Holdings in G-III Apparel Group, LTD. $GIII

Public Sector Pension Investment Board grew its holdings in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 14.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,664 shares of the textile maker’s stock after purchasing an additional 18,827 shares during the quarter. Public Sector Pension Investment Board owned about 0.35% of G-III Apparel Group worth $3,956,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in shares of G-III Apparel Group in the third quarter valued at $40,000. Raymond James Financial Inc. bought a new stake in shares of G-III Apparel Group during the second quarter valued at approximately $41,000. Strs Ohio acquired a new position in shares of G-III Apparel Group during the first quarter valued at $77,000. Traub Capital Management LLC bought a new position in shares of G-III Apparel Group in the 2nd quarter valued at about $67,000. Finally, Headlands Technologies LLC bought a new position in G-III Apparel Group in the second quarter valued at approximately $109,000. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group Trading Up 0.9%

Shares of G-III Apparel Group stock opened at $31.89 on Friday. G-III Apparel Group, LTD. has a 1-year low of $20.33 and a 1-year high of $34.83. The business has a 50-day moving average price of $30.06 and a two-hundred day moving average price of $28.30. The company has a market cap of $1.35 billion, a P/E ratio of 9.58 and a beta of 1.31.

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

G-III Apparel Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 29th. Shareholders of record on Monday, December 15th were issued 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 of this dividend was Monday, December 15th. G-III Apparel Group’s payout ratio is currently 12.01%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. KeyCorp reissued an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. UBS Group set a $32.00 price target on G-III Apparel Group and gave the company a “neutral” rating in a research report on Wednesday, December 10th. Telsey Advisory Group set a $34.00 target price on shares of G-III Apparel Group in a report on Wednesday, December 10th. Zacks Research raised shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, G-III Apparel Group currently has a consensus rating of “Hold” and a consensus price target of $31.20.

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.