G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Bought by Centiva Capital LP

Centiva Capital LP lifted its position in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 145.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,675 shares of the textile maker's stock after acquiring an additional 19,945 shares during the period. Centiva Capital LP owned 0.08% of G-III Apparel Group worth $1,028,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in GIII. F M Investments LLC purchased a new stake in shares of G-III Apparel Group during the second quarter worth $6,796,000. Marshall Wace LLP raised its holdings in G-III Apparel Group by 142.8% in the 2nd quarter. Marshall Wace LLP now owns 351,918 shares of the textile maker's stock valued at $9,526,000 after acquiring an additional 206,993 shares during the last quarter. American Century Companies Inc. lifted its stake in G-III Apparel Group by 15.6% in the 2nd quarter. American Century Companies Inc. now owns 1,147,175 shares of the textile maker's stock worth $31,054,000 after purchasing an additional 155,079 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of G-III Apparel Group by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker's stock valued at $91,396,000 after purchasing an additional 151,425 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new position in G-III Apparel Group during the third quarter worth approximately $3,671,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GIII has been the topic of several analyst reports. StockNews.com upgraded G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Monday. Guggenheim began coverage on shares of G-III Apparel Group in a report on Wednesday, October 9th. They issued a "buy" rating and a $36.00 target price on the stock. Barclays raised their price target on shares of G-III Apparel Group from $23.00 to $27.00 and gave the stock an "underweight" rating in a report on Friday, September 6th. KeyCorp upped their price objective on G-III Apparel Group from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Friday, September 6th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $32.00 price objective on shares of G-III Apparel Group in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $30.50.

Insiders Place Their Bets

In other news, CEO Morris Goldfarb sold 67,014 shares of the firm's stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $30.30, for a total transaction of $2,030,524.20. Following the sale, the chief executive officer now owns 3,923,071 shares of the company's stock, valued at approximately $118,869,051.30. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 12.40% of the stock is currently owned by company insiders.

G-III Apparel Group Trading Up 1.2 %

NASDAQ:GIII traded up $0.38 during trading hours on Friday, reaching $31.42. 333,773 shares of the stock were exchanged, compared to its average volume of 557,909. G-III Apparel Group, Ltd. has a twelve month low of $20.66 and a twelve month high of $35.68. The business has a 50-day moving average of $30.59 and a two-hundred day moving average of $28.57. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 7.81 and a beta of 2.14. The company has a quick ratio of 1.80, a current ratio of 2.92 and a debt-to-equity ratio of 0.27.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its earnings results on Thursday, September 5th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.25. The firm had revenue of $644.80 million during the quarter, compared to analyst estimates of $649.54 million. G-III Apparel Group had a return on equity of 12.81% and a net margin of 6.04%. G-III Apparel Group's revenue was down 2.3% compared to the same quarter last year. During the same period last year, the business posted $0.40 earnings per share. On average, equities analysts predict that G-III Apparel Group, Ltd. will post 4.01 EPS for the current 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.