G-III Apparel Group, Ltd. (NASDAQ:GIII) Position Increased by Barclays PLC

Barclays PLC increased its stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 236.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 282,661 shares of the textile maker's stock after buying an additional 198,647 shares during the quarter. Barclays PLC owned about 0.64% of G-III Apparel Group worth $8,627,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in G-III Apparel Group by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker's stock worth $91,396,000 after buying an additional 151,425 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of G-III Apparel Group by 15.6% during the second quarter. American Century Companies Inc. now owns 1,147,175 shares of the textile maker's stock valued at $31,054,000 after purchasing an additional 155,079 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of G-III Apparel Group by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker's stock valued at $31,624,000 after purchasing an additional 6,598 shares in the last quarter. LSV Asset Management lifted its holdings in G-III Apparel Group by 0.6% in the second quarter. LSV Asset Management now owns 851,683 shares of the textile maker's stock worth $23,055,000 after purchasing an additional 5,200 shares during the period. Finally, Marshall Wace LLP grew its position 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 buying an additional 206,993 shares in the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on GIII shares. Barclays upped their price target on shares of G-III Apparel Group from $27.00 to $29.00 and gave the stock an "underweight" rating in a research note on Wednesday, December 11th. Telsey Advisory Group restated a "market perform" rating and issued a $38.00 target price on shares of G-III Apparel Group in a research report on Wednesday. StockNews.com raised G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Monday, December 2nd. Guggenheim boosted their price objective on G-III Apparel Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, KeyCorp raised their target price 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. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $33.17.

G-III Apparel Group Trading Down 3.9 %

Shares of G-III Apparel Group stock traded down $1.39 on Wednesday, reaching $34.09. 535,673 shares of the company were exchanged, compared to its average volume of 562,627. 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 $1.50 billion, a price-to-earnings ratio of 8.95 and a beta of 2.14. The company has a current ratio of 2.63, a quick ratio of 1.80 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average price of $31.31 and a 200-day moving average price of $28.89.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, beating analysts' consensus estimates of $2.26 by $0.33. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.78 earnings per share. On average, analysts expect that G-III Apparel Group, Ltd. will post 4.15 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Morris Goldfarb sold 67,014 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $30.30, for a total value of $2,030,524.20. Following the completion of the sale, the chief executive officer now directly owns 3,923,071 shares of the company's stock, valued at $118,869,051.30. This represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 12.40% of the company's stock.

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.