Empowered Funds LLC Sells 10,487 Shares of G-III Apparel Group, LTD. $GIII

Empowered Funds LLC lessened its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.1% during the second quarter, Holdings Channel.com reports. The fund owned 330,260 shares of the textile maker’s stock after selling 10,487 shares during the period. Empowered Funds LLC’s holdings in G-III Apparel Group were worth $7,398,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd increased its position in shares of G-III Apparel Group by 5,154.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock worth $32,000 after purchasing an additional 1,134 shares during the period. Byrne Asset Management LLC bought a new position in G-III Apparel Group in the 2nd quarter valued at about $28,000. Strs Ohio bought a new position in G-III Apparel Group in the 1st quarter valued at about $77,000. Quarry LP raised its position in shares of G-III Apparel Group by 176.1% in the 1st quarter. Quarry LP now owns 3,073 shares of the textile maker’s stock valued at $84,000 after buying an additional 1,960 shares in the last quarter. Finally, Virtus Advisers LLC bought a new stake in shares of G-III Apparel Group during the 1st quarter worth approximately $225,000. 92.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GIII has been the subject of several recent analyst reports. BTIG Research initiated coverage on G-III Apparel Group in a research note on Tuesday, October 14th. They set a “buy” rating and a $32.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of G-III Apparel Group in a report on Tuesday, October 14th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $30.00 price objective (up from $27.00) on shares of G-III Apparel Group in a research note on Tuesday, September 2nd. KeyCorp lifted their target price on G-III Apparel Group from $30.00 to $33.00 and gave the company an “overweight” rating in a research report on Friday, September 5th. Finally, Barclays increased 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. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $30.00.

G-III Apparel Group Stock Down 0.8%

Shares of GIII stock opened at $26.99 on Thursday. G-III Apparel Group, LTD. has a twelve month low of $20.33 and a twelve month high of $36.18. The stock’s fifty day simple moving average is $27.25 and its 200 day simple moving average is $25.84. The firm has a market capitalization of $1.14 billion, a P/E ratio of 6.68 and a beta of 1.60.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Thursday, September 4th. The textile maker reported $0.25 EPS for the quarter, topping the consensus estimate of $0.10 by $0.15. The business had revenue of $613.27 million for 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 firm’s revenue was down 4.9% compared to the same quarter last year. During the same period last year, the company 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, equities research analysts expect that G-III Apparel Group, LTD. will post 4.16 EPS 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.