Fox Run Management L.L.C. bought a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,217 shares of the textile maker's stock, valued at approximately $366,000.
Other large investors also recently made changes to their positions in the company. AlphaQuest LLC bought a new stake in G-III Apparel Group in the 4th quarter worth about $49,000. Quarry LP purchased a new position in shares of G-III Apparel Group in the 3rd quarter worth approximately $63,000. Smartleaf Asset Management LLC grew its holdings in shares of G-III Apparel Group by 249.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock valued at $64,000 after acquiring an additional 1,412 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of G-III Apparel Group by 93.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker's stock valued at $92,000 after acquiring an additional 1,460 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in G-III Apparel Group during the third quarter worth $152,000. 92.13% of the stock is owned by institutional investors.
G-III Apparel Group Stock Performance
NASDAQ GIII traded down $0.12 during trading on Friday, hitting $27.22. 586,605 shares of the company's stock traded hands, compared to its average volume of 538,117. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.14 and a beta of 2.09. G-III Apparel Group, Ltd. has a 12-month low of $20.66 and a 12-month high of $36.18. The business has a 50 day moving average of $28.54 and a 200-day moving average of $30.41.
G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.30. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The company had revenue of $839.50 million for the quarter, compared to analysts' expectations of $808.59 million. During the same period in the prior year, the company posted $0.76 EPS. G-III Apparel Group's revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
GIII has been the subject of several research analyst reports. StockNews.com raised G-III Apparel Group from a "hold" rating to a "buy" rating in a research report on Wednesday. KeyCorp increased their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Telsey Advisory Group lowered their price objective on shares of G-III Apparel Group from $38.00 to $30.00 and set a "market perform" rating on the stock in a research report on Friday, March 14th. Guggenheim boosted their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. Finally, Barclays decreased their price target on shares of G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating for the company in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $33.00.
View Our Latest Stock Report on G-III Apparel Group
G-III Apparel Group Profile
(
Free Report)
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.
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