UBS Group AG Sells 79,130 Shares of G-III Apparel Group, LTD. $GIII

UBS Group AG decreased its position in G-III Apparel Group, LTD. (NASDAQ:GIII) by 31.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 169,521 shares of the textile maker’s stock after selling 79,130 shares during the quarter. UBS Group AG’s holdings in G-III Apparel Group were worth $4,909,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in GIII. GAMMA Investing LLC raised its holdings 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 worth $27,000 after purchasing an additional 488 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 worth $31,000 after purchasing an additional 591 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in G-III Apparel Group in the fourth quarter worth $34,000. Federated Hermes Inc. bought a new position in G-III Apparel Group in the third quarter worth $40,000. Finally, Raymond James Financial Inc. bought a new position in G-III Apparel Group in the second quarter worth $41,000. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Price Performance

G-III Apparel Group stock opened at $30.47 on Friday. G-III Apparel Group, LTD. has a one year low of $20.33 and a one year high of $34.83. The stock has a market capitalization of $1.29 billion, a PE ratio of 20.31 and a beta of 1.30. The business’s fifty day moving average is $29.08 and its 200 day moving average is $29.47.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The firm had revenue of $771.49 million during the quarter, compared to the consensus estimate of $791.98 million. During the same period in the prior year, the company posted $1.27 EPS. The firm’s revenue was down 8.1% compared to the same quarter last year. 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. As a group, sell-side analysts expect that G-III Apparel Group, LTD. will post 2.07 EPS for the current fiscal year.

G-III Apparel Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 30th. Stockholders 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 dividend yield of 1.3%. G-III Apparel Group’s dividend payout ratio (DPR) is 26.67%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 12th. BTIG Research reissued a “buy” rating and issued a $34.00 target price on shares of G-III Apparel Group in a research note on Wednesday, March 18th. Telsey Advisory Group reissued 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 note on Monday, March 9th. Finally, UBS Group cut 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 note on Tuesday, March 17th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $29.00.

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.