G-III Apparel Group (GIII) reported fiscal second-quarter net sales of $554.1 million, down 10% from $613.3 million a year earlier. GAAP net income was $20.2 million, or $0.46 per diluted share, compared with $10.9 million, or $0.25 per diluted share, in the prior-year quarter.
The company raised its fiscal 2027 GAAP net-income outlook to $181.0 million to $185.0 million, or $4.10 to $4.20 per diluted share. G-III also said it completed its Marc Jacobs acquisition and is targeting $1 billion in long-term annual revenue from the business.
- Second-quarter gross margin increased 440 basis points to 45.2%.
- Cash and cash equivalents totaled $529.2 million as of July 31, 2026.
- Inventories declined 13% to $555.0 million.
- Fiscal 2027 net-sales outlook is approximately $2.71 billion, compared with $2.96 billion in fiscal 2026.
- Third-quarter fiscal 2027 net-sales outlook is approximately $870.0 million, with GAAP diluted EPS expected at $1.35 to $1.45.
$GIII Hedge Fund Activity
We have seen 122 institutional investors add shares of $GIII stock to their portfolio, and 132 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 756,238 shares (+inf%) to their portfolio in Q2 2026, for an estimated $25,492,782
- JPMORGAN CHASE & CO added 690,493 shares (+inf%) to their portfolio in Q2 2026, for an estimated $23,276,519
- RENAISSANCE TECHNOLOGIES LLC added 351,403 shares (+inf%) to their portfolio in Q2 2026, for an estimated $11,845,795
- NORGES BANK added 350,000 shares (+28.0%) to their portfolio in Q2 2026, for an estimated $11,798,500
- MEDINA VALUE PARTNERS, LLC removed 329,736 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $9,133,687
- BALYASNY ASSET MANAGEMENT L.P. removed 304,660 shares (-85.4%) from their portfolio in Q2 2026, for an estimated $10,270,088
- TWO SIGMA INVESTMENTS, LP added 270,809 shares (+206.4%) to their portfolio in Q2 2026, for an estimated $9,128,971
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
