New York State Common Retirement Fund Boosts Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

New York State Common Retirement Fund boosted its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 46.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,071 shares of the textile maker's stock after acquiring an additional 14,016 shares during the quarter. New York State Common Retirement Fund owned about 0.10% of G-III Apparel Group worth $1,438,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in shares of G-III Apparel Group by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker's stock worth $31,624,000 after purchasing an additional 6,598 shares during the last quarter. Geode Capital Management LLC boosted its stake in 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 worth $29,833,000 after buying an additional 11,196 shares during the period. Empowered Funds LLC increased its position in shares of 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 acquiring an additional 11,478 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in shares of G-III Apparel Group by 0.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 329,720 shares of the textile maker's stock valued at $10,063,000 after acquiring an additional 1,860 shares during the period. Finally, Barclays PLC lifted its holdings 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 worth $8,627,000 after acquiring an additional 198,647 shares during the last quarter. Hedge funds and other institutional investors own 92.13% of the company's stock.

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Analyst Ratings Changes

Several analysts recently weighed in on GIII shares. Barclays lifted their target price on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an "underweight" rating in a report on Wednesday, December 11th. Telsey Advisory Group restated a "market perform" rating and set a $38.00 price target on shares of G-III Apparel Group in a research report on Wednesday, December 18th. StockNews.com downgraded G-III Apparel Group from a "buy" rating to a "hold" rating in a report on Monday. UBS Group lowered 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. Finally, KeyCorp lifted their target price on G-III Apparel Group from $34.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $33.33.

G-III Apparel Group Stock Up 2.3 %

GIII stock traded up $0.59 during mid-day trading on Thursday, reaching $26.25. The company had a trading volume of 148,226 shares, compared to its average volume of 433,179. The firm has a fifty day simple moving average of $30.50 and a 200 day simple moving average of $30.51. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 6.89 and a beta of 2.07. G-III Apparel Group, Ltd. has a fifty-two week low of $20.66 and a fifty-two week high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.33. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter last year, the company earned $2.78 earnings per share. The firm's revenue was up 1.9% compared to the same quarter last year. Analysts forecast that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.

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.