Allianz Asset Management GmbH Has $4.46 Million Stock Position in G-III Apparel Group, LTD. $GIII

Allianz Asset Management GmbH increased its position in G-III Apparel Group, LTD. (NASDAQ:GIII) by 177.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 167,762 shares of the textile maker’s stock after buying an additional 107,204 shares during the period. Allianz Asset Management GmbH’s holdings in G-III Apparel Group were worth $4,464,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in G-III Apparel Group by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after acquiring an additional 1,018 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of G-III Apparel Group by 8.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,197 shares of the textile maker’s stock worth $2,193,000 after purchasing an additional 6,062 shares in the last quarter. Intech Investment Management LLC grew its position in G-III Apparel Group by 14.1% in the 1st quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker’s stock valued at $1,260,000 after purchasing an additional 5,685 shares during the period. Strs Ohio bought a new stake in G-III Apparel Group during the 1st quarter valued at $77,000. Finally, KLP Kapitalforvaltning AS increased its stake in G-III Apparel Group by 25.9% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 31,100 shares of the textile maker’s stock valued at $697,000 after purchasing an additional 6,400 shares in the last quarter. 92.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. KeyCorp reiterated an “overweight” rating and set a $35.00 price objective (up from $33.00) 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. UBS Group set a $32.00 price objective on G-III Apparel Group and gave the stock a “neutral” rating in a report on Wednesday, December 10th. BTIG Research increased their price objective on G-III Apparel Group from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, December 9th. Finally, Telsey Advisory Group set a $34.00 target price on G-III Apparel Group in a research report on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.20.

G-III Apparel Group Price Performance

Shares of NASDAQ:GIII opened at $30.20 on Wednesday. G-III Apparel Group, LTD. has a 1 year low of $20.33 and a 1 year high of $34.83. The company has a market capitalization of $1.27 billion, a PE ratio of 9.07 and a beta of 1.31. The business has a fifty day moving average price of $30.00 and a two-hundred day moving average price of $27.97.

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 for the quarter, topping analysts’ consensus estimates 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 company had revenue of $988.65 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the previous year, the firm earned $2.59 EPS. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. Sell-side analysts anticipate that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

G-III Apparel Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 29th. Stockholders of record on Monday, December 15th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, December 15th. This represents a $0.40 annualized dividend and a dividend yield of 1.3%. G-III Apparel Group’s dividend payout ratio 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.