26,930 Shares in G-III Apparel Group, Ltd. (NASDAQ:GIII) Acquired by Islay Capital Management LLC

Islay Capital Management LLC purchased a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 26,930 shares of the textile maker's stock, valued at approximately $878,000. Islay Capital Management LLC owned approximately 0.06% of G-III Apparel Group at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. New York State Common Retirement Fund increased its position in shares of G-III Apparel Group by 46.6% during the 4th quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker's stock worth $1,438,000 after purchasing an additional 14,016 shares during the last quarter. Vestcor Inc raised its position in G-III Apparel Group by 197.7% during the third quarter. Vestcor Inc now owns 31,323 shares of the textile maker's stock worth $956,000 after acquiring an additional 20,800 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in G-III Apparel Group by 80.9% in the third quarter. JPMorgan Chase & Co. now owns 133,518 shares of the textile maker's stock valued at $4,075,000 after acquiring an additional 59,718 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of G-III Apparel Group by 513.2% in the 4th quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker's stock valued at $18,430,000 after acquiring an additional 472,862 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of G-III Apparel Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker's stock worth $29,833,000 after purchasing an additional 11,196 shares during the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GIII has been the subject of a number of recent analyst reports. UBS Group cut their price objective on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Telsey Advisory Group restated a "market perform" rating and set a $30.00 price objective on shares of G-III Apparel Group in a research report on Friday, April 4th. KeyCorp upped their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. StockNews.com downgraded shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a research note on Wednesday. Finally, Barclays cut their price objective on shares of G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating for the company in a report on Tuesday, March 18th. 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 company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $33.00.

G-III Apparel Group Stock Performance

NASDAQ:GIII traded down $0.52 during trading on Thursday, reaching $24.62. The company's stock had a trading volume of 430,801 shares, compared to its average volume of 582,156. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 6.45 and a beta of 1.63. G-III Apparel Group, Ltd. has a 12 month low of $20.66 and a 12 month high of $36.18. 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 firm has a 50 day moving average of $27.24 and a 200-day moving average of $29.99.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping 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 business had revenue of $839.50 million for the quarter, compared to analyst estimates of $808.59 million. During the same quarter in the previous year, the firm posted $0.76 earnings per share. The company's revenue for the quarter was up 9.8% on a year-over-year basis. Research analysts expect that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

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.