Capula Management Ltd Has $278,000 Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Capula Management Ltd reduced its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 69.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,532 shares of the textile maker's stock after selling 19,297 shares during the quarter. Capula Management Ltd's holdings in G-III Apparel Group were worth $278,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of analysts have commented on GIII shares. Barclays reduced 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 research note on Tuesday, March 18th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $30.00 price objective on shares of G-III Apparel Group in a research note on Friday, April 4th. 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. Finally, StockNews.com downgraded G-III Apparel Group from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.00.

G-III Apparel Group Stock Down 2.6 %

Shares of NASDAQ:GIII traded down $0.64 during trading on Monday, reaching $24.03. 76,437 shares of the company traded hands, compared to its average volume of 582,592. G-III Apparel Group, Ltd. has a 1-year low of $20.66 and a 1-year 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. The firm has a market cap of $1.05 billion, a P/E ratio of 6.31 and a beta of 1.63. The firm has a fifty day simple moving average of $27.04 and a 200 day simple moving average of $29.90.

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. The company had revenue of $839.50 million for the quarter, compared to analyst estimates of $808.59 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The business's revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. Analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 earnings per share 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.