Medina Value Partners LLC Has $9.55 Million Position in G-III Apparel Group, LTD. $GIII

Medina Value Partners LLC lowered its position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 51.7% in the fourth quarter, Holdings Channel reports. The firm owned 329,736 shares of the textile maker’s stock after selling 352,354 shares during the period. G-III Apparel Group accounts for 2.2% of Medina Value Partners LLC’s investment portfolio, making the stock its 21st biggest holding. Medina Value Partners LLC’s holdings in G-III Apparel Group were worth $9,549,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in G-III Apparel Group by 107.7% during the fourth quarter. GAMMA Investing LLC now owns 941 shares of the textile maker’s stock valued at $27,000 after purchasing an additional 488 shares during the period. EverSource Wealth Advisors LLC grew its holdings in G-III Apparel Group by 105.2% during the third quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock valued at $31,000 after purchasing an additional 591 shares during the period. Newbridge Financial Services Group Inc. acquired a new position in G-III Apparel Group during the fourth quarter valued at approximately $34,000. Raymond James Financial Inc. acquired a new position in G-III Apparel Group during the second quarter valued at approximately $41,000. Finally, Parallel Advisors LLC grew its holdings in G-III Apparel Group by 231.9% during the fourth quarter. Parallel Advisors LLC now owns 1,779 shares of the textile maker’s stock valued at $52,000 after purchasing an additional 1,243 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Price Performance

Shares of GIII opened at $35.28 on Monday. G-III Apparel Group, LTD. has a twelve month low of $20.33 and a twelve month high of $36.53. The stock has a market capitalization of $1.49 billion, a P/E ratio of 12.47 and a beta of 1.29. The company has a 50 day moving average of $31.02 and a 200-day moving average of $30.07.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Friday, June 5th. The textile maker reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.09. The business had revenue of $535.96 million for the quarter, compared to analyst estimates of $529.07 million. G-III Apparel Group had a net margin of 4.34% and a return on equity of 5.59%. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 earnings per share. G-III Apparel Group has set its FY 2027 guidance at 2.150-2.250 EPS and its Q2 2027 guidance at 0.150-0.250 EPS. On average, sell-side analysts anticipate that G-III Apparel Group, LTD. will post 2.23 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 8th. Stockholders of record on Monday, June 22nd will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Monday, June 22nd. G-III Apparel Group’s payout ratio is currently 14.13%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GIII. UBS Group cut their price target on shares of 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. Weiss Ratings raised shares of G-III Apparel Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, June 9th. Zacks Research raised shares of G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 12th. KeyCorp reaffirmed an “overweight” rating and issued a $40.00 price target (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Finally, BTIG Research lifted their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, June 5th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.00.

G-III Apparel Group Profile

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.