Universal Beteiligungs und Servicegesellschaft mbH Has $4.44 Million Stock Position in G-III Apparel Group, LTD. $GIII

Universal Beteiligungs und Servicegesellschaft mbH increased its stake in G-III Apparel Group, LTD. (NASDAQ:GIII) by 34.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 167,018 shares of the textile maker’s stock after purchasing an additional 42,926 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned 0.40% of G-III Apparel Group worth $4,444,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GIII. Raymond James Financial Inc. bought a new position in G-III Apparel Group in the second quarter valued at approximately $41,000. Traub Capital Management LLC bought a new position in shares of G-III Apparel Group in the 2nd quarter worth $67,000. Strs Ohio acquired a new stake in shares of G-III Apparel Group during the first quarter worth $77,000. Headlands Technologies LLC bought a new stake in G-III Apparel Group in the second quarter valued at about $109,000. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in G-III Apparel Group in the third quarter valued at about $201,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on GIII. Zacks Research raised G-III Apparel Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. KeyCorp reiterated an “overweight” rating and issued a $35.00 target price (up from $33.00) on shares of G-III Apparel Group in a report on Wednesday, December 10th. Telsey Advisory Group set a $34.00 price target on shares of G-III Apparel Group in a report on Wednesday, December 10th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of G-III Apparel Group in a research note on Friday, January 9th. Finally, BTIG Research boosted their target price on G-III Apparel Group from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, December 9th. Two 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.20.

G-III Apparel Group Trading Down 1.5%

Shares of GIII opened at $28.20 on Wednesday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 8.47 and a beta of 1.28. G-III Apparel Group, LTD. has a 12 month low of $20.33 and a 12 month high of $34.83. The firm has a fifty day simple moving average of $29.78 and a 200 day simple moving average of $27.53.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, December 9th. The textile maker reported $1.90 EPS for the quarter, topping the consensus estimate of $1.61 by $0.29. The firm had revenue of $988.65 million for the quarter, compared to analysts’ expectations of $1.01 billion. G-III Apparel Group had a net margin of 4.89% and a return on equity of 9.37%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.59 EPS. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. As a group, research analysts predict that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

G-III Apparel Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, December 15th. G-III Apparel Group’s payout ratio is presently 12.01%.

About G-III Apparel Group

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.