G-III Apparel Group, LTD. (GIII) to Issue Quarterly Dividend of $0.10 on September 29th

G-III Apparel Group, LTD. (NASDAQ:GIII – Get Free Report) declared a quarterly dividend on Tuesday, August 18th. Investors of record on Tuesday, September 15th will be given a dividend of 0.10 per share by the textile maker on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

G-III Apparel Group Trading Up 0.8%

G-III Apparel Group stock opened at $27.89 on Friday. The firm has a 50 day simple moving average of $33.56 and a 200 day simple moving average of $31.71. G-III Apparel Group has a 1-year low of $24.61 and a 1-year high of $37.54. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 9.17 and a beta of 1.27.

Get G-III Apparel Group alerts:

G-III Apparel Group (NASDAQ:GIII – Get Free Report) last posted its earnings results on Wednesday, September 2nd. The textile maker reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.03. G-III Apparel Group had a return on equity of 5.53% and a net margin of 4.75%.The firm had revenue of $554.09 million for the quarter, compared to the consensus estimate of $570.37 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. The business’s quarterly revenue was down 9.7% on a year-over-year basis. 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 forecast that G-III Apparel Group will post 2.25 EPS for the current year.

Hedge Funds Weigh In On G-III Apparel Group

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in shares of G-III Apparel Group in the second quarter worth $232,832,000. California State Teachers Retirement System boosted its holdings in shares of G-III Apparel Group by 3,825.1% in the second quarter. California State Teachers Retirement System now owns 1,408,404 shares of the textile maker’s stock worth $47,477,000 after buying an additional 1,372,522 shares during the last quarter. Norges Bank purchased a new position in shares of G-III Apparel Group during the 4th quarter worth $36,200,000. Bank of America Corp DE purchased a new position in G-III Apparel Group during the second quarter valued at $14,963,000. Finally, Balyasny Asset Management L.P. purchased a new position in shares of G-III Apparel Group during the 2nd quarter valued at about $7,546,000. 92.13% of the stock is currently owned by institutional investors.

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.

Further Reading

• Five stocks we like better than G-III Apparel Group
• As Homeowners’ Premiums Surge, This Insurer Is Posting Record Profits
• Nasdaq’s $100 Million Kraken Bet Prepares It for a Market That Never Closes
• Copper’s Record Rally Highlights a Deeper Supply Problem
• Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?

Receive News & Ratings for G-III Apparel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group and related companies with MarketBeat.com's FREE daily email newsletter.