ExodusPoint Capital Management LP Makes New $1.39 Million Investment in G-III Apparel Group, Ltd. (NASDAQ:GIII)

ExodusPoint Capital Management LP acquired a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 42,588 shares of the textile maker's stock, valued at approximately $1,389,000. ExodusPoint Capital Management LP owned about 0.10% of G-III Apparel Group as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GIII. American Century Companies Inc. grew its stake in G-III Apparel Group by 11.8% during the 4th quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker's stock worth $47,672,000 after buying an additional 153,913 shares during the last quarter. Geode Capital Management LLC increased its stake 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 acquiring an additional 11,196 shares during the period. Prudential Financial Inc. raised its stake in shares of G-III Apparel Group by 2.6% in the 4th quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker's stock worth $25,197,000 after buying an additional 19,723 shares in the last quarter. Victory Capital Management Inc. raised its position in G-III Apparel Group by 513.2% in the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker's stock worth $18,430,000 after acquiring an additional 472,862 shares in the last quarter. Finally, Empowered Funds LLC lifted its stake in G-III Apparel Group by 3.5% during the fourth quarter. Empowered Funds LLC now owns 339,601 shares of the textile maker's stock valued at $11,078,000 after purchasing an additional 11,478 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group Trading Up 0.3 %

GIII traded up $0.08 during trading on Tuesday, reaching $24.29. 120,741 shares of the company's stock were exchanged, compared to its average volume of 550,860. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. G-III Apparel Group, Ltd. has a fifty-two week low of $20.66 and a fifty-two week high of $36.18. The firm has a market capitalization of $1.07 billion, a PE ratio of 6.37 and a beta of 1.63. The company's fifty day moving average price is $26.91 and its 200-day moving average price is $29.86.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, beating the consensus estimate of $0.97 by $0.30. The business had revenue of $839.50 million for the quarter, compared to analysts' expectations of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. As a group, equities analysts forecast that G-III Apparel Group, Ltd. will post 4.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com lowered shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. Barclays dropped their target price on shares of G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating on the stock in a report on Tuesday, March 18th. Telsey Advisory Group restated a "market perform" rating and issued a $30.00 price target on shares of G-III Apparel Group in a research report on Friday, April 4th. Finally, UBS Group dropped their target price 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. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $33.00.

G-III Apparel Group 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.