G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 3,119,100 shares of the textile maker's stock after selling 129,079 shares during the period. Dimensional Fund Advisors LP owned about 7.11% of G-III Apparel Group worth $101,745,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Sanctuary Advisors LLC raised its position in shares of G-III Apparel Group by 4.3% during the 4th quarter. Sanctuary Advisors LLC now owns 15,195 shares of the textile maker's stock worth $500,000 after purchasing an additional 631 shares during the last quarter. Vestcor Inc raised its holdings in shares of G-III Apparel Group by 2.1% during the fourth quarter. Vestcor Inc now owns 31,988 shares of the textile maker's stock valued at $1,043,000 after acquiring an additional 665 shares during the last quarter. Atria Investments Inc lifted its position in shares of G-III Apparel Group by 9.1% in the fourth quarter. Atria Investments Inc now owns 8,102 shares of the textile maker's stock valued at $264,000 after acquiring an additional 673 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of G-III Apparel Group by 7.8% in the fourth quarter. Sterling Capital Management LLC now owns 15,103 shares of the textile maker's stock worth $493,000 after acquiring an additional 1,090 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in G-III Apparel Group by 249.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock valued at $64,000 after purchasing an additional 1,412 shares during the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

G-III Apparel Group Price Performance

Shares of GIII stock opened at $25.87 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The company has a market capitalization of $1.14 billion, a PE ratio of 6.79 and a beta of 1.63. The firm's 50-day moving average is $25.99 and its two-hundred day moving average is $29.53. G-III Apparel Group, Ltd. has a 12 month low of $20.66 and a 12 month high of $36.18.

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

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.

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