Traub Capital Management LLC Takes $67,000 Position in G-III Apparel Group, LTD. $GIII

Traub Capital Management LLC bought a new position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,000 shares of the textile maker’s stock, valued at approximately $67,000.

Other institutional investors have also added to or reduced their stakes in the company. Jefferies Financial Group Inc. bought a new position in G-III Apparel Group during the 1st quarter worth $334,000. Nuveen LLC acquired a new position in shares of G-III Apparel Group in the first quarter valued at about $11,614,000. Exchange Traded Concepts LLC increased its position in G-III Apparel Group by 7.6% during the second quarter. Exchange Traded Concepts LLC now owns 53,112 shares of the textile maker’s stock worth $1,190,000 after acquiring an additional 3,755 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in G-III Apparel Group in the 2nd quarter worth about $486,000. Finally, LSV Asset Management raised its stake in G-III Apparel Group by 13.2% in the 1st quarter. LSV Asset Management now owns 846,904 shares of the textile maker’s stock worth $23,163,000 after purchasing an additional 98,923 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group Trading Down 0.8%

Shares of NASDAQ GIII opened at $26.99 on Thursday. The stock has a 50-day moving average price of $27.25 and a two-hundred day moving average price of $25.84. G-III Apparel Group, LTD. has a 12 month low of $20.33 and a 12 month high of $36.18. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 6.68 and a beta of 1.60.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating 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 quarter in the prior year, the firm posted $0.52 earnings per share. The firm’s revenue 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. On average, sell-side analysts predict that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Barclays raised their target price 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. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. BTIG Research assumed coverage on G-III Apparel Group in a research report on Tuesday, October 14th. They set a “buy” rating and a $32.00 target price for the company. Telsey Advisory Group reissued a “market perform” rating and set a $30.00 target price (up from $27.00) on shares of G-III Apparel Group in a report on Tuesday, September 2nd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of G-III Apparel Group in a research report on Tuesday, October 14th. 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.