Empowered Funds LLC Sells 10,487 Shares of G-III Apparel Group, LTD. $GIII

Empowered Funds LLC trimmed its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 330,260 shares of the textile maker’s stock after selling 10,487 shares during the period. Empowered Funds LLC owned about 0.76% of G-III Apparel Group worth $7,398,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in G-III Apparel Group by 11.1% during the 1st quarter. American Century Companies Inc. now owns 1,624,350 shares of the textile maker’s stock worth $44,426,000 after purchasing an additional 162,904 shares in the last quarter. Millennium Management LLC boosted its position in shares of G-III Apparel Group by 139.3% during the first quarter. Millennium Management LLC now owns 953,185 shares of the textile maker’s stock worth $26,070,000 after buying an additional 554,933 shares during the period. LSV Asset Management boosted its position in shares of G-III Apparel Group by 0.3% during the second quarter. LSV Asset Management now owns 849,501 shares of the textile maker’s stock worth $19,029,000 after buying an additional 2,597 shares during the period. Victory Capital Management Inc. grew its holdings in shares of G-III Apparel Group by 25.0% during the first quarter. Victory Capital Management Inc. now owns 706,288 shares of the textile maker’s stock worth $19,317,000 after buying an additional 141,290 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in G-III Apparel Group by 0.8% in the 1st quarter. Bridgeway Capital Management LLC now owns 619,051 shares of the textile maker’s stock valued at $16,931,000 after buying an additional 4,851 shares during the last quarter. 92.13% of the stock is owned by institutional investors.

G-III Apparel Group Stock Down 0.8%

Shares of NASDAQ GIII opened at $26.99 on Thursday. The business’s 50 day moving average price is $27.25 and its two-hundred day moving average price is $25.84. The company has a market cap of $1.14 billion, a PE ratio of 6.68 and a beta of 1.60. G-III Apparel Group, LTD. has a twelve month low of $20.33 and a twelve month high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.10 by $0.15. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The company had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. During the same period in the previous year, the company posted $0.52 EPS. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. G-III Apparel Group has set its Q3 2026 guidance at 1.430-1.630 EPS. FY 2026 guidance at 2.550-2.750 EPS. As a group, research analysts anticipate that G-III Apparel Group, LTD. will post 4.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

GIII has been the subject of a number of recent research reports. Barclays upped their price target on G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a research report on Friday, September 5th. BTIG Research initiated coverage on shares of G-III Apparel Group in a report on Tuesday, October 14th. They set a “buy” rating and a $32.00 target price for the company. KeyCorp boosted their price target on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Telsey Advisory Group restated a “market perform” rating and set a $30.00 price objective (up from $27.00) on shares of G-III Apparel Group in a research note on Tuesday, September 2nd. Finally, Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, G-III Apparel Group presently has an average rating of “Hold” and an average price target of $30.00.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, sources, and markets women's and men's apparel in the United States and internationally. The company operates through two segments, Wholesale Operations and Retail Operations. Its products include outerwear, dresses, sportswear, swimwear, women's suits, and women's performance wear; and women's handbags, footwear, small leather goods, cold weather accessories, and luggage.