Two Sigma Securities LLC Takes $569,000 Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Two Sigma Securities LLC bought a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,450 shares of the textile maker's stock, valued at approximately $569,000.

A number of other institutional investors have also added to or reduced their stakes in GIII. AlphaQuest LLC purchased a new position in shares of G-III Apparel Group in the fourth quarter worth about $49,000. Smartleaf Asset Management LLC boosted its stake in shares of G-III Apparel Group by 249.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock valued at $64,000 after purchasing an additional 1,412 shares during the period. Headlands Technologies LLC purchased a new stake in shares of G-III Apparel Group during the fourth quarter valued at approximately $172,000. Virtu Financial LLC bought a new position in shares of G-III Apparel Group during the third quarter valued at approximately $211,000. Finally, Wealthfront Advisers LLC purchased a new stake in G-III Apparel Group in the fourth quarter worth $215,000. Institutional investors own 92.13% of the company's stock.

G-III Apparel Group Stock Down 3.2 %

Shares of NASDAQ GIII traded down $0.83 during midday trading on Monday, hitting $25.04. The stock had a trading volume of 403,073 shares, compared to its average volume of 555,230. The business's 50 day moving average is $25.91 and its 200-day moving average is $29.50. The company has a market cap of $1.10 billion, a P/E ratio of 6.57 and a beta of 1.63. G-III Apparel Group, Ltd. has a 52 week low of $20.66 and a 52 week high of $36.18. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $839.50 million during the quarter, compared to analysts' expectations of $808.59 million. During the same period in the previous year, the company earned $0.76 earnings per share. The firm's quarterly revenue was up 9.8% on a year-over-year basis. As a group, analysts predict that G-III Apparel Group, Ltd. will post 4.16 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. StockNews.com lowered shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. UBS Group cut their target price on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $30.00 target price on shares of G-III Apparel Group in a research note on Friday, April 4th. Finally, Barclays dropped their price objective on shares of G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, G-III Apparel Group presently has a consensus rating of "Hold" and a consensus price target of $32.20.

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.