G-III Apparel Group, LTD. $GIII Stock Holdings Lifted by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII) by 9,182.9% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 39,731 shares of the textile maker’s stock after buying an additional 39,303 shares during the period. Fifth Third Bancorp’s holdings in G-III Apparel Group were worth $1,101,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its stake in G-III Apparel Group by 107.7% during the fourth quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock worth $27,000 after acquiring an additional 488 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in G-III Apparel Group in the fourth quarter valued at approximately $34,000. Raymond James Financial Inc. acquired a new position in G-III Apparel Group in the second quarter valued at approximately $41,000. Parallel Advisors LLC grew its holdings in shares of G-III Apparel Group by 231.9% during the fourth quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 1,243 shares during the last quarter. Finally, Strs Ohio bought a new position in shares of G-III Apparel Group during the first quarter valued at approximately $77,000. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Trading Up 1.4%

NASDAQ GIII opened at $34.95 on Friday. G-III Apparel Group, LTD. has a 52 week low of $23.01 and a 52 week high of $36.53. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 12.35 and a beta of 1.28. The company has a 50-day moving average price of $33.54 and a two-hundred day moving average price of $30.95.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Friday, June 5th. The textile maker reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.09. The company had revenue of $535.96 million for the quarter, compared to analyst estimates of $529.07 million. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. G-III Apparel Group’s revenue was down 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 earnings per share. 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 expect 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 firm also recently announced a quarterly dividend, which was paid on Wednesday, July 8th. Investors of record on Monday, June 22nd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Monday, June 22nd. G-III Apparel Group’s dividend payout ratio (DPR) is currently 14.13%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on GIII. Zacks Research cut G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. BTIG Research upped their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 target price (up from $29.00) on shares of G-III Apparel Group in a research report on Monday, June 8th. Finally, KeyCorp reiterated an “overweight” rating and issued a $40.00 target price (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, G-III Apparel Group has a consensus rating of “Hold” and an average price target of $33.00.

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.