EMC Capital Management Buys 9,279 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

EMC Capital Management boosted its position in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 345.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,965 shares of the textile maker's stock after purchasing an additional 9,279 shares during the period. EMC Capital Management's holdings in G-III Apparel Group were worth $390,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of G-III Apparel Group in the second quarter valued at approximately $42,000. Quarry LP acquired a new stake in G-III Apparel Group during the 3rd quarter worth approximately $63,000. Point72 DIFC Ltd bought a new stake in G-III Apparel Group during the 2nd quarter worth approximately $78,000. CWM LLC raised its stake in shares of G-III Apparel Group by 46.8% during the third quarter. CWM LLC now owns 2,777 shares of the textile maker's stock valued at $85,000 after acquiring an additional 885 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in shares of G-III Apparel Group during the third quarter valued at $152,000. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group Trading Down 5.4 %

Shares of NASDAQ:GIII traded down $1.69 during mid-day trading on Monday, hitting $29.53. The company had a trading volume of 215,831 shares, compared to its average volume of 415,566. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. G-III Apparel Group, Ltd. has a one year low of $20.66 and a one year high of $36.18. The firm has a fifty day moving average price of $32.23 and a 200 day moving average price of $30.04. The company has a market capitalization of $1.30 billion, a PE ratio of 7.76 and a beta of 2.07.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.26 by $0.33. The company had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.10 billion. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business's revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.78 EPS. As a group, research analysts forecast that G-III Apparel Group, Ltd. will post 4.16 EPS for the current year.

Analysts Set New Price Targets

GIII has been the subject of a number of recent research reports. StockNews.com upgraded G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Barclays raised their price objective on G-III Apparel Group from $27.00 to $29.00 and gave the stock an "underweight" rating in a research report on Wednesday, December 11th. Telsey Advisory Group reiterated a "market perform" rating and issued a $38.00 target price on shares of G-III Apparel Group in a report on Wednesday, December 18th. Guggenheim raised their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, KeyCorp upped their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.17.

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.