Jacobs Levy Equity Management Inc. Acquires New Holdings in G-III Apparel Group, LTD. $GIII

Jacobs Levy Equity Management Inc. acquired a new stake in G-III Apparel Group, LTD. (NASDAQ:GIII) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 53,921 shares of the textile maker’s stock, valued at approximately $1,475,000. Jacobs Levy Equity Management Inc. owned 0.12% of G-III Apparel Group at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of GIII. GAMMA Investing LLC increased its stake in G-III Apparel Group by 3,366.6% during the first quarter. GAMMA Investing LLC now owns 23,330 shares of the textile maker’s stock worth $638,000 after purchasing an additional 22,657 shares during the period. Phocas Financial Corp. increased its stake in G-III Apparel Group by 84.4% during the fourth quarter. Phocas Financial Corp. now owns 234,020 shares of the textile maker’s stock worth $7,634,000 after purchasing an additional 107,082 shares during the period. Jefferies Financial Group Inc. purchased a new stake in G-III Apparel Group during the first quarter worth about $334,000. Nuveen LLC purchased a new stake in G-III Apparel Group during the first quarter worth about $11,614,000. Finally, CX Institutional purchased a new stake in G-III Apparel Group during the first quarter worth about $2,571,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on GIII shares. UBS Group cut their price target on shares of G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, June 9th. KeyCorp upped their target price on shares of G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Barclays upped 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 research note on Friday, September 5th. Zacks Research lowered shares of G-III Apparel Group from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Wall Street Zen lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 14th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $29.60.

Insider Buying and Selling

In related news, Director Amigo Victor Herrero purchased 5,000 shares of the company’s stock in a transaction on Tuesday, June 24th. The shares were bought at an average cost of $21.95 per share, for a total transaction of $109,750.00. Following the completion of the purchase, the director directly owned 54,746 shares of the company’s stock, valued at approximately $1,201,674.70. This trade represents a 10.05% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.00% of the stock is owned by corporate insiders.

G-III Apparel Group Stock Up 1.8%

Shares of G-III Apparel Group stock opened at $27.17 on Friday. The firm has a market capitalization of $1.15 billion, a P/E ratio of 6.73 and a beta of 1.49. G-III Apparel Group, LTD. has a 52 week low of $20.33 and a 52 week high of $36.18. The firm’s 50 day moving average is $25.08 and its two-hundred day moving average is $25.32.

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

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.