GSA Capital Partners LLP Buys Shares of 61,792 G-III Apparel Group, LTD. $GIII

GSA Capital Partners LLP bought a new stake in G-III Apparel Group, LTD. (NASDAQ:GIII) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 61,792 shares of the textile maker’s stock, valued at approximately $1,789,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in G-III Apparel Group by 107.7% in the fourth quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after acquiring an additional 488 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in G-III Apparel Group by 105.2% in the third quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock valued at $31,000 after acquiring an additional 591 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in G-III Apparel Group in the fourth quarter valued at about $34,000. Federated Hermes Inc. bought a new position in G-III Apparel Group in the third quarter valued at about $40,000. Finally, Raymond James Financial Inc. bought a new position in G-III Apparel Group in the second quarter valued at about $41,000. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Trading Down 2.4%

Shares of GIII stock opened at $28.33 on Wednesday. The business’s 50-day moving average price is $29.05 and its 200-day moving average price is $29.43. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 18.89 and a beta of 1.30. G-III Apparel Group, LTD. has a 12 month low of $20.33 and a 12 month high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Thursday, March 12th. The textile maker reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). The company had revenue of $771.49 million during the quarter, compared to analyst estimates of $791.98 million. G-III Apparel Group had a return on equity of 6.70% and a net margin of 2.28%.G-III Apparel Group’s revenue was down 8.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.27 earnings per share. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. On average, sell-side analysts predict that G-III Apparel Group, LTD. will post 2.07 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 30th. Shareholders of record on Monday, March 23rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.40 annualized dividend and a yield of 1.4%. G-III Apparel Group’s payout ratio is 26.67%.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 target price (down from $34.00) on shares of G-III Apparel Group in a research report on Monday, March 9th. UBS Group decreased their target price on G-III Apparel Group from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 17th. BTIG Research reiterated a “buy” rating and issued a $34.00 target price on shares of G-III Apparel Group in a research report on Wednesday, March 18th. Finally, Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, G-III Apparel Group has an average rating of “Hold” and a consensus target price of $29.00.

G-III Apparel Group 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.