Pacer Advisors Inc. Sells 24,832 Shares of G-III Apparel Group, LTD. $GIII

Pacer Advisors Inc. decreased its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 6.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 351,357 shares of the textile maker’s stock after selling 24,832 shares during the period. Pacer Advisors Inc. owned 0.83% of G-III Apparel Group worth $10,175,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in G-III Apparel Group by 0.5% during 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 buying an additional 15,500 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of G-III Apparel Group by 3.4% in the third quarter. American Century Companies Inc. now owns 1,730,216 shares of the textile maker’s stock worth $46,041,000 after buying an additional 57,440 shares in the last quarter. Norges Bank bought a new position in shares of G-III Apparel Group in the fourth quarter valued at approximately $36,200,000. LSV Asset Management boosted its position in shares of G-III Apparel Group by 8.1% in the fourth quarter. LSV Asset Management now owns 1,237,469 shares of the textile maker’s stock valued at $35,837,000 after acquiring an additional 93,236 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of G-III Apparel Group by 30.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,054,266 shares of the textile maker’s stock valued at $28,054,000 after acquiring an additional 247,245 shares during the period. Institutional investors own 92.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on GIII shares. Wall Street Zen raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group cut their price target on shares of G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday, March 17th. KeyCorp restated an “overweight” rating and set a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Weiss Ratings upgraded G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, June 9th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $38.00 price objective (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, G-III Apparel Group has an average rating of “Moderate Buy” and an average target price of $33.00.

G-III Apparel Group Stock Performance

GIII stock opened at $34.77 on Monday. The company’s 50 day moving average is $31.65 and its 200 day moving average is $30.25. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 12.29 and a beta of 1.29. G-III Apparel Group, LTD. has a 1-year low of $21.12 and a 1-year high of $36.53.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Friday, June 5th. The textile maker reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.09. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The business had revenue of $535.96 million for the quarter, compared to the consensus estimate of $529.07 million. During the same period last year, the firm posted $0.19 earnings per share. G-III Apparel Group’s quarterly revenue was down 8.2% on a year-over-year basis. 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, sell-side analysts forecast that G-III Apparel Group, LTD. will post 2.23 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 22nd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 22nd. This represents a $0.40 annualized dividend and a dividend yield of 1.2%. G-III Apparel Group’s dividend payout ratio (DPR) is 14.13%.

About G-III Apparel Group

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.