G-III Apparel Group, LTD. (GIII) To Go Ex-Dividend on December 15th

G-III Apparel Group, LTD. (NASDAQ:GIII) declared a quarterly dividend on Thursday, December 4th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.10 per share by the textile maker on Monday, December 29th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, December 15th.

G-III Apparel Group Stock Up 2.0%

G-III Apparel Group stock traded up $0.61 during midday trading on Friday, reaching $31.41. 518,392 shares of the stock traded hands, compared to its average volume of 447,131. The stock has a market cap of $1.33 billion, a P/E ratio of 9.43 and a beta of 1.30. The stock’s fifty day moving average is $28.17 and its 200-day moving average is $26.13. G-III Apparel Group has a 12 month low of $20.33 and a 12 month high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Tuesday, December 9th. The textile maker reported $1.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.30. G-III Apparel Group had a return on equity of 9.37% and a net margin of 4.89%.The business had revenue of $988.65 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the prior year, the firm earned $2.59 EPS. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. G-III Apparel Group has set its FY 2026 guidance at 2.800-2.900 EPS. On average, equities analysts predict that G-III Apparel Group will post 4.16 EPS for the current fiscal year.

Hedge Funds Weigh In On G-III Apparel Group

Several institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in G-III Apparel Group by 105.2% in the third quarter. EverSource Wealth Advisors LLC now owns 1,153 shares of the textile maker’s stock worth $31,000 after acquiring an additional 591 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of G-III Apparel Group by 5,154.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock valued at $32,000 after purchasing an additional 1,134 shares in the last quarter. Byrne Asset Management LLC purchased a new position in G-III Apparel Group during the second quarter valued at approximately $28,000. Federated Hermes Inc. bought a new position in G-III Apparel Group in the third quarter worth approximately $40,000. Finally, Raymond James Financial Inc. purchased a new stake in G-III Apparel Group during the second quarter worth $41,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Company Profile

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.