American Century Companies Inc. raised its position in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,461,446 shares of the textile maker's stock after buying an additional 153,913 shares during the quarter. American Century Companies Inc. owned approximately 3.33% of G-III Apparel Group worth $47,672,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also modified their holdings of the business. Quantbot Technologies LP boosted its stake in shares of G-III Apparel Group by 344.7% during the fourth quarter. Quantbot Technologies LP now owns 26,427 shares of the textile maker's stock worth $862,000 after buying an additional 20,485 shares during the period. Teacher Retirement System of Texas lifted its position in G-III Apparel Group by 44.0% during the 4th quarter. Teacher Retirement System of Texas now owns 88,908 shares of the textile maker's stock worth $2,900,000 after acquiring an additional 27,177 shares during the period. Intech Investment Management LLC lifted its position in G-III Apparel Group by 160.7% during the 4th quarter. Intech Investment Management LLC now owns 40,391 shares of the textile maker's stock worth $1,318,000 after acquiring an additional 24,900 shares during the period. Vestcor Inc grew its stake in shares of G-III Apparel Group by 2.1% in the 4th quarter. Vestcor Inc now owns 31,988 shares of the textile maker's stock valued at $1,043,000 after purchasing an additional 665 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new position in shares of G-III Apparel Group in the fourth quarter valued at approximately $215,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
GIII has been the subject of several recent research reports. UBS Group decreased their price target on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Guggenheim raised their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Barclays dropped their price target on shares of G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating on the stock in a research note on Tuesday, March 18th. StockNews.com upgraded shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a research report on Wednesday. Finally, KeyCorp lifted 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $33.00.
Check Out Our Latest Report on GIII
G-III Apparel Group Price Performance
Shares of NASDAQ:GIII traded down $0.12 on Friday, reaching $27.22. 586,605 shares of the company were exchanged, compared to its average volume of 538,117. The company has a 50-day moving average of $28.54 and a 200-day moving average of $30.41. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The firm has a market cap 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 1-year low of $20.66 and a 1-year high of $36.18.
G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share 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 company had revenue of $839.50 million for the quarter, compared to analyst estimates of $808.59 million. During the same period in the prior year, the business posted $0.76 earnings per share. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. Equities analysts forecast that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.
About G-III Apparel Group
(
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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