Tweedy Browne Co LLC Buys Shares of 32,393 G-III Apparel Group, LTD. $GIII

Tweedy Browne Co LLC purchased a new position in G-III Apparel Group, LTD. (NASDAQ:GIII) during the third quarter, Holdings Channel.com reports. The firm purchased 32,393 shares of the textile maker’s stock, valued at approximately $862,000.

Several other hedge funds and other institutional investors have also modified their holdings of GIII. EverSource Wealth Advisors LLC raised its holdings in shares of G-III Apparel Group by 105.2% during the third quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock worth $31,000 after acquiring an additional 591 shares in the last quarter. Federated Hermes Inc. purchased a new position in G-III Apparel Group in the third quarter valued at about $40,000. Raymond James Financial Inc. acquired a new position in G-III Apparel Group in the 2nd quarter worth about $41,000. Traub Capital Management LLC acquired a new position in G-III Apparel Group in the 2nd quarter worth about $67,000. Finally, Strs Ohio purchased a new stake in shares of G-III Apparel Group during the 1st quarter worth about $77,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on GIII shares. BTIG Research reiterated a “buy” rating and set a $34.00 price target on shares of G-III Apparel Group in a report on Wednesday. Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 price objective (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. UBS Group dropped their price target on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $35.00 price objective (up from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $29.00.

G-III Apparel Group Stock Performance

GIII opened at $25.77 on Wednesday. The firm has a market cap of $1.09 billion, a P/E ratio of 17.18 and a beta of 1.29. The business has a 50 day moving average price of $29.73 and a 200 day moving average price of $28.76. G-III Apparel Group, LTD. has a twelve month low of $20.33 and a twelve month high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.29). G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.73%. The company had revenue of $771.49 million for the quarter, compared to analyst estimates of $791.98 million. During the same quarter last year, the business earned $1.27 EPS. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. 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. As a group, analysts anticipate that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 23rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 1.6%. 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.