G-III Apparel Group (NASDAQ:GIII) CEO Acquires $1,117,600.00 in Stock

Posted by Francis Steltz on Sep 18th, 2026

G-III Apparel Group, LTD. (NASDAQ:GIII – Get Free Report) CEO Morris Goldfarb acquired 40,000 shares of the company’s stock in a transaction on Monday, September 14th. The stock was acquired at an average cost of $27.94 per share, for a total transaction of $1,117,600.00. Following the completion of the purchase, the chief executive officer directly owned 4,527,675 shares of the company’s stock, valued at approximately $126,503,239.50. This represents a 0.89% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

G-III Apparel Group Price Performance

NASDAQ:GIII opened at $27.67 on Friday. The firm has a 50-day moving average of $33.08 and a 200-day moving average of $31.63. The company has a market cap of $1.19 billion, a PE ratio of 9.10 and a beta of 1.27. G-III Apparel Group, LTD. has a one year low of $24.61 and a one year high of $37.54.

G-III Apparel Group (NASDAQ:GIII – Get Free Report) last announced its quarterly earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.03. The business had revenue of $554.09 million for the quarter, compared to analysts’ expectations of $570.37 million. G-III Apparel Group had a net margin of 4.75% and a return on equity of 5.53%. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. G-III Apparel Group has set its Q3 2027 guidance at 1.350-1.450 EPS and its FY 2027 guidance at 2.200-2.300 EPS. On average, equities research analysts expect that G-III Apparel Group, LTD. will post 2.25 earnings per share for the current fiscal year.

G-III Apparel Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 15th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, September 15th. G-III Apparel Group’s dividend payout ratio (DPR) is currently 13.16%.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP increased its position in shares of G-III Apparel Group by 330.4% during the second quarter. Engineers Gate Manager LP now owns 84,169 shares of the textile maker’s stock valued at $2,837,000 after acquiring an additional 64,615 shares during the last quarter. Baird Financial Group Inc. boosted its position in G-III Apparel Group by 8.5% in the second quarter. Baird Financial Group Inc. now owns 266,791 shares of the textile maker’s stock worth $8,994,000 after purchasing an additional 20,848 shares during the last quarter. Nykredit A S purchased a new position in G-III Apparel Group in the second quarter worth $33,000. Amundi bought a new position in G-III Apparel Group in the 2nd quarter valued at $344,000. Finally, HighTower Advisors LLC bought a new position in G-III Apparel Group in the 2nd quarter valued at $209,000. 92.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Wall Street Zen cut G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Sunday, September 13th. KeyCorp restated an “overweight” rating and set a $40.00 price objective (up from $35.00) on shares of G-III Apparel Group in a research note on Monday, June 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of G-III Apparel Group in a report on Friday, September 4th. Telsey Advisory Group reduced their target price on shares of G-III Apparel Group from $38.00 to $32.00 and set a “market perform” rating for the company in a research note on Thursday, September 3rd. Finally, BTIG Research reiterated a “buy” rating and issued a $40.00 target price on shares of G-III Apparel Group in a research note on Wednesday, September 2nd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.50.

Check Out Our Latest Research Report on GIII

About G-III Apparel Group

(Get Free Report)

G-III Apparel Group, Ltd. is a global fashion company that designs, sources, and markets apparel, accessories, footwear, and related products. Its offerings include women’s and men’s clothing, handbags, footwear, outerwear, and other fashion products sold through department stores, specialty retailers, brand stores, and e-commerce channels.

The company owns and operates brands including DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin, and develops products under a portfolio of licensed brands.