23,813 Shares in G-III Apparel Group, LTD. $GIII Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC 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 23,813 shares of the textile maker’s stock, valued at approximately $803,000. Sanctuary Advisors LLC owned 0.06% of G-III Apparel Group at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in GIII. BlackRock Inc. purchased a new stake in shares of G-III Apparel Group during the 2nd quarter worth approximately $232,832,000. Dimensional Fund Advisors LP increased its stake in G-III Apparel Group by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,936,957 shares of the textile maker’s stock valued at $78,153,000 after purchasing an additional 15,500 shares in the last quarter. Norges Bank purchased a new position in G-III Apparel Group in the 4th quarter valued at approximately $36,200,000. LSV Asset Management raised its holdings in G-III Apparel Group by 8.1% during the fourth quarter. LSV Asset Management now owns 1,237,469 shares of the textile maker’s stock worth $35,837,000 after purchasing an additional 93,236 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in G-III Apparel Group by 30.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock worth $28,054,000 after purchasing an additional 247,245 shares during the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on GIII shares. Wall Street Zen lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $38.00 price target (up from $29.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. 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. KeyCorp reiterated an “overweight” rating and issued a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, BTIG Research increased their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating, three have given 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 a consensus target price of $33.00.

G-III Apparel Group Stock Performance

Shares of NASDAQ:GIII opened at $33.46 on Friday. The business’s fifty day moving average price is $34.56 and its two-hundred day moving average price is $31.85. The stock has a market cap of $1.41 billion, a PE ratio of 11.82 and a beta of 1.28. G-III Apparel Group, LTD. has a one year low of $24.61 and a one year high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Friday, June 5th. The textile maker reported ($0.21) earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $529.07 million. During the same quarter last year, the business posted $0.19 earnings per share. G-III Apparel Group’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. As a group, equities research analysts predict 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. Investors of record on Tuesday, September 15th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $0.40 annualized dividend and a yield of 1.2%. G-III Apparel Group’s payout ratio is presently 14.13%.

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.