G-III Apparel Group, LTD. (GIII) to Issue Quarterly Dividend of $0.10 on July 8th

G-III Apparel Group, LTD. (NASDAQ:GIII) announced a quarterly dividend on Wednesday, May 27th. Shareholders of record on Monday, June 22nd will be given a dividend of 0.10 per share by the textile maker on Wednesday, July 8th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date is Monday, June 22nd.

G-III Apparel Group Price Performance

G-III Apparel Group stock opened at $32.93 on Friday. The business has a fifty day moving average price of $29.57 and a 200-day moving average price of $29.62. The firm has a market capitalization of $1.39 billion, a P/E ratio of 21.95 and a beta of 1.30. G-III Apparel Group has a one year low of $20.33 and a one year high of $34.83.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Thursday, March 12th. The textile maker reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.29). The firm had revenue of $771.49 million for the quarter, compared to analysts’ expectations of $791.98 million. G-III Apparel Group had a net margin of 2.28% and a return on equity of 6.70%. The company’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS. G-III Apparel Group has set its Q1 2027 guidance at -0.400–0.300 EPS and its FY 2027 guidance at 2.000-2.100 EPS. Sell-side analysts expect that G-III Apparel Group will post 2.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On G-III Apparel Group

Large investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of G-III Apparel Group by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,228 shares of the textile maker’s stock valued at $635,000 after buying an additional 1,018 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of G-III Apparel Group by 8.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 80,197 shares of the textile maker’s stock valued at $2,193,000 after buying an additional 6,062 shares during the period. Intech Investment Management LLC lifted its holdings in shares of G-III Apparel Group by 14.1% during the 1st quarter. Intech Investment Management LLC now owns 46,076 shares of the textile maker’s stock valued at $1,260,000 after buying an additional 5,685 shares during the period. Strs Ohio bought a new position in shares of G-III Apparel Group during the 1st quarter valued at $77,000. Finally, First Trust Advisors LP lifted its holdings in shares of G-III Apparel Group by 15.7% during the 2nd quarter. First Trust Advisors LP now owns 154,445 shares of the textile maker’s stock valued at $3,460,000 after buying an additional 20,984 shares during the period. 92.13% of the stock is currently owned by institutional investors.

About G-III Apparel Group

G-III Apparel Group, Ltd. is a global fashion company engaged in the design, sourcing, marketing and distribution of women’s and men’s apparel, outerwear, footwear, handbags and fashion accessories. Founded in 1956 and headquartered in New York City, the company has grown from an importer of ladies’ apparel into a diversified apparel business with a portfolio of owned and licensed brands.

The company’s product offerings span a broad spectrum of price points and styles, including formal and casual outerwear, sportswear, performance wear and contemporary fashion.