Exchange Traded Concepts LLC Acquires 33,365 Shares of G-III Apparel Group, LTD. $GIII

Exchange Traded Concepts LLC increased its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 62.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,477 shares of the textile maker’s stock after purchasing an additional 33,365 shares during the period. Exchange Traded Concepts LLC’s holdings in G-III Apparel Group were worth $2,301,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. American Century Companies Inc. grew its position in shares of G-III Apparel Group by 3.0% during the 2nd quarter. American Century Companies Inc. now owns 1,672,776 shares of the textile maker’s stock worth $37,470,000 after buying an additional 48,426 shares during the period. Millennium Management LLC raised its position in shares of G-III Apparel Group by 139.3% in the 1st quarter. Millennium Management LLC now owns 953,185 shares of the textile maker’s stock valued at $26,070,000 after acquiring an additional 554,933 shares during the period. LSV Asset Management boosted its stake in G-III Apparel Group by 0.3% during the 2nd quarter. LSV Asset Management now owns 849,501 shares of the textile maker’s stock worth $19,029,000 after acquiring an additional 2,597 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in G-III Apparel Group by 0.8% during the first quarter. Bridgeway Capital Management LLC now owns 619,051 shares of the textile maker’s stock valued at $16,931,000 after purchasing an additional 4,851 shares during the period. Finally, Marshall Wace LLP increased its stake in G-III Apparel Group by 15.7% in the second quarter. Marshall Wace LLP now owns 614,752 shares of the textile maker’s stock valued at $13,770,000 after purchasing an additional 83,561 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. BTIG Research lifted their price target on shares of G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Tuesday, December 9th. KeyCorp reaffirmed an “overweight” rating and set a $35.00 price objective (up previously from $33.00) on shares of G-III Apparel Group in a research note on Wednesday, December 10th. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Barclays increased their price target on G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, G-III Apparel Group currently has an average rating of “Hold” and a consensus price target of $31.20.

G-III Apparel Group Stock Performance

NASDAQ GIII opened at $30.27 on Friday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 9.09 and a beta of 1.30. G-III Apparel Group, LTD. has a 52 week low of $20.33 and a 52 week high of $34.83. The stock’s 50 day moving average price is $28.97 and its two-hundred day moving average price is $26.33.

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

G-III Apparel Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 29th. Investors of record on Monday, December 15th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, December 15th. This represents a $0.40 dividend on an annualized basis and a yield of 1.3%. G-III Apparel Group’s dividend payout ratio (DPR) is presently 12.01%.

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.