18,731 Shares in G-III Apparel Group, LTD. $GIII Bought by Jupiter Topco LLC

Jupiter Topco LLC acquired a new position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) in the 2nd quarter, HoldingsChannel reports. The fund acquired 18,731 shares of the textile maker’s stock, valued at approximately $632,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new stake in G-III Apparel Group during the second quarter worth about $232,832,000. Norges Bank bought a new position in G-III Apparel Group in the fourth quarter worth $36,200,000. Balyasny Asset Management L.P. acquired a new stake in G-III Apparel Group during the second quarter worth $7,546,000. Bank of New York Mellon Corp bought a new stake in G-III Apparel Group in the 2nd quarter valued at $9,113,000. Finally, Barclays PLC raised its stake in shares of G-III Apparel Group by 54.0% in the 4th quarter. Barclays PLC now owns 717,607 shares of the textile maker’s stock valued at $20,782,000 after buying an additional 251,502 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on GIII shares. KeyCorp reissued 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. BTIG Research restated a “buy” rating and set a $40.00 target price on shares of G-III Apparel Group in a research report on Wednesday, September 2nd. Wall Street Zen upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research downgraded shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Finally, Telsey Advisory Group cut their price target on shares of G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating for the company in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, G-III Apparel Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.50.

More G-III Apparel Group News

Here are the key news stories impacting G-III Apparel Group this week:

• Positive Sentiment: Marc Jacobs provides a major growth opportunity. G-III’s acquisition of the luxury brand expands its owned-brand portfolio, and Marc Jacobs is expected to eventually generate approximately $1 billion in annual revenue. The strategy could improve brand control, margins and long-term growth. G-III Apparel’s Strategic Transformation Gains Steam With Marc Jacobs
• Positive Sentiment: Earnings and profitability showed resilience. Second-quarter EPS exceeded expectations, supported by gross-margin expansion, cost controls and stronger performance from owned brands. The company also raised its earnings outlook, reinforcing the view that the strategic transition is improving underlying profitability. G-III Apparel Q2 Fiscal 2027 EPS Rises
• Positive Sentiment: BTIG reaffirmed its Buy rating and $40 price target, indicating substantial potential upside and confidence in G-III’s brand transformation. BTIG rating update
• Neutral Sentiment: Analyst views remain divided. Coverage highlights attractive owned-brand growth and margin gains, but characterizes the risk-reward profile as balanced while Marc Jacobs integration and execution are tested. G-III Apparel Group: Lots Of Moving Factors
• Negative Sentiment: Revenue remains under pressure. Second-quarter sales declined roughly 10% year over year and missed estimates, while the loss of key PVH licenses and European weakness are weighing on headline results. Q3 guidance was viewed as disappointing. G-III Apparel Mixed Q2 Read-Across
• Negative Sentiment: Execution and cash-flow risks limit enthusiasm. Analysts cited declining cash-flow trends, continued wholesale exposure and uncertainty surrounding Marc Jacobs. Telsey lowered its price target from $38 to $32 and changed its rating to Market Perform. Telsey Advisory Group rating update

G-III Apparel Group Price Performance

Shares of G-III Apparel Group stock opened at $27.74 on Monday. The business has a fifty day simple moving average of $34.13 and a 200 day simple moving average of $31.85. The stock has a market cap of $1.17 billion, a PE ratio of 9.13 and a beta of 1.27. G-III Apparel Group, LTD. has a 12 month low of $24.61 and a 12 month high of $37.54.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a return on equity of 5.55% and a net margin of 4.75%.The business had revenue of $554.09 million during the quarter, compared to analyst estimates of $570.37 million. During the same period in the previous year, the firm earned $0.25 EPS. G-III Apparel Group’s quarterly revenue was down 9.7% compared to the same quarter last year. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. Analysts expect that G-III Apparel Group, LTD. will post 2.25 EPS for the current fiscal year.

G-III Apparel Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 15th. G-III Apparel Group’s dividend payout ratio (DPR) is presently 13.16%.

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.