Foundry Partners LLC Acquires New Shares in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Foundry Partners LLC acquired a new position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 186,816 shares of the textile maker's stock, valued at approximately $6,094,000. Foundry Partners LLC owned 0.43% of G-III Apparel Group as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of G-III Apparel Group by 513.2% in the 4th quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker's stock valued at $18,430,000 after purchasing an additional 472,862 shares in the last quarter. Barclays PLC boosted its stake in shares of G-III Apparel Group by 236.4% in the 3rd quarter. Barclays PLC now owns 282,661 shares of the textile maker's stock valued at $8,627,000 after purchasing an additional 198,647 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of G-III Apparel Group by 269.9% during the 3rd quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker's stock valued at $7,665,000 after purchasing an additional 183,246 shares during the last quarter. Raymond James Financial Inc. acquired a new position in G-III Apparel Group during the 4th quarter worth approximately $5,428,000. Finally, American Century Companies Inc. lifted its stake in G-III Apparel Group by 11.8% in the 4th quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker's stock valued at $47,672,000 after purchasing an additional 153,913 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company's stock.

G-III Apparel Group Trading Down 0.6 %

Shares of GIII stock traded down $0.14 on Wednesday, hitting $22.37. 154,586 shares of the company's stock traded hands, compared to its average volume of 546,252. 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 one year low of $20.66 and a one year high of $36.18. The company's fifty day simple moving average is $27.52 and its 200 day simple moving average is $30.07. The stock has a market capitalization of $981.84 million, a price-to-earnings ratio of 5.85 and a beta of 1.63.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $839.50 million for the quarter, compared to analysts' expectations of $808.59 million. During the same quarter in the previous year, the company earned $0.76 earnings per share. The company'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 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on GIII. KeyCorp increased their price target on 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. Guggenheim lifted their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, December 11th. StockNews.com raised G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. UBS Group reduced their price objective on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating for the company in a research report on Tuesday, March 4th. Finally, Barclays lowered their price objective on shares of G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 18th. One investment analyst has 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 MarketBeat, G-III Apparel Group currently has an average rating of "Hold" and an average target price of $33.00.

About G-III Apparel Group

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.