American Century Companies Inc. Buys 48,426 Shares of G-III Apparel Group, LTD. $GIII

American Century Companies Inc. lifted its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,672,776 shares of the textile maker’s stock after acquiring an additional 48,426 shares during the period. American Century Companies Inc.’s holdings in G-III Apparel Group were worth $37,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Franklin Resources Inc. boosted its stake in G-III Apparel Group by 1.8% in the 2nd quarter. Franklin Resources Inc. now owns 55,847 shares of the textile maker’s stock worth $1,251,000 after purchasing an additional 1,003 shares during the period. Legal & General Group Plc lifted its holdings in shares of G-III Apparel Group by 2.5% in the second quarter. Legal & General Group Plc now owns 110,179 shares of the textile maker’s stock valued at $2,468,000 after purchasing an additional 2,684 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in shares of G-III Apparel Group by 33.0% during the second quarter. Hillsdale Investment Management Inc. now owns 177,967 shares of the textile maker’s stock worth $3,986,000 after buying an additional 44,200 shares during the period. Traub Capital Management LLC bought a new position in shares of G-III Apparel Group during the second quarter worth about $67,000. Finally, LSV Asset Management grew its holdings in shares of G-III Apparel Group by 0.3% during the second quarter. LSV Asset Management now owns 849,501 shares of the textile maker’s stock worth $19,029,000 after buying an additional 2,597 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

G-III Apparel Group Price Performance

Shares of GIII opened at $29.10 on Friday. The company has a market cap of $1.23 billion, a PE ratio of 7.20 and a beta of 1.60. The firm has a 50-day moving average of $27.49 and a 200-day moving average of $25.95. G-III Apparel Group, LTD. has a one year low of $20.33 and a one year high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.15. The business had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. G-III Apparel Group’s revenue was down 4.9% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS. Analysts expect that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. KeyCorp boosted their target price on G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Telsey Advisory Group reiterated a “market perform” rating and issued a $30.00 price objective (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Tuesday, October 14th. 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, Barclays lifted their price target on shares of G-III Apparel Group from $18.00 to $21.00 and gave the company an “underweight” rating in a research note on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $30.00.

G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.