Islay Capital Management LLC Acquires New Holdings in G-III Apparel Group, LTD. $GIII

Islay Capital Management LLC bought a new position in G-III Apparel Group, LTD. (NASDAQ:GIII) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 35,103 shares of the textile maker’s stock, valued at approximately $786,000.

Several other hedge funds also recently modified their holdings of GIII. SummerHaven Investment Management LLC lifted its stake in shares of G-III Apparel Group by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 30,415 shares of the textile maker’s stock valued at $681,000 after purchasing an additional 562 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in G-III Apparel Group by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after buying an additional 1,018 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of G-III Apparel Group by 8.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 14,446 shares of the textile maker’s stock worth $395,000 after acquiring an additional 1,092 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of G-III Apparel Group by 5,154.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock valued at $32,000 after acquiring an additional 1,134 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of G-III Apparel Group by 0.3% in the 1st quarter. Empowered Funds LLC now owns 340,747 shares of the textile maker’s stock valued at $9,319,000 after acquiring an additional 1,146 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 equities research analysts have issued reports on GIII shares. KeyCorp upped their target price on 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. Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Tuesday, October 14th. Barclays upped their price objective on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, September 5th. BTIG Research started coverage on shares of G-III Apparel Group in a report on Tuesday, October 14th. They issued a “buy” rating and a $32.00 target price on the stock. Finally, Telsey Advisory Group restated a “market perform” rating and set a $30.00 price target (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $30.00.

G-III Apparel Group Trading Down 1.2%

Shares of G-III Apparel Group stock opened at $28.23 on Friday. G-III Apparel Group, LTD. has a 1 year low of $20.33 and a 1 year high of $36.18. The company’s fifty day simple moving average is $27.20 and its 200-day simple moving average is $25.78. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 6.99 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 for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. The firm had revenue of $613.27 million during the quarter, compared to the consensus estimate of $568.67 million. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The business’s revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. 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 forecast that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

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.