EMC Capital Management Reduces Position in G-III Apparel Group, LTD. $GIII

EMC Capital Management lowered its stake in G-III Apparel Group, LTD. (NASDAQ:GIII) by 30.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,363 shares of the textile maker’s stock after selling 3,602 shares during the period. EMC Capital Management’s holdings in G-III Apparel Group were worth $187,000 at the end of the most recent quarter.

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

G-III Apparel Group Price Performance

Shares of GIII stock opened at $27.20 on Wednesday. The stock has a 50 day simple moving average of $27.25 and a 200-day simple moving average of $25.84. G-III Apparel Group, LTD. has a 1-year low of $20.33 and a 1-year high of $36.18. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 6.73 and a beta of 1.60.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Thursday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.15. The firm had revenue of $613.27 million for the quarter, compared to analyst estimates of $568.67 million. G-III Apparel Group had a return on equity of 11.53% and a net margin of 5.84%.The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. 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. Analysts anticipate that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GIII. Barclays raised their price target on shares of 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 started 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. Zacks Research raised shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Tuesday, October 14th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $30.00 price objective (up previously from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.00.

G-III Apparel Group Company Profile

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.