Ieq Capital LLC Acquires Shares of 10,156 G-III Apparel Group, Ltd. (NASDAQ:GIII)

Ieq Capital LLC purchased a new position in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,156 shares of the textile maker's stock, valued at approximately $331,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New York State Common Retirement Fund lifted its stake in G-III Apparel Group by 46.6% in the 4th quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker's stock worth $1,438,000 after purchasing an additional 14,016 shares in the last quarter. Sanctuary Advisors LLC lifted its position in G-III Apparel Group by 4.3% during the fourth quarter. Sanctuary Advisors LLC now owns 15,195 shares of the textile maker's stock worth $500,000 after buying an additional 631 shares in the last quarter. Principal Financial Group Inc. lifted its position in G-III Apparel Group by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 213,035 shares of the textile maker's stock worth $6,949,000 after buying an additional 3,484 shares in the last quarter. Empowered Funds LLC boosted 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 worth $11,078,000 after buying an additional 11,478 shares during the last quarter. Finally, EMC Capital Management grew its holdings in G-III Apparel Group by 345.5% in the 4th quarter. EMC Capital Management now owns 11,965 shares of the textile maker's stock valued at $390,000 after buying an additional 9,279 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

G-III Apparel Group Trading Down 2.0 %

Shares of NASDAQ:GIII traded down $0.54 during mid-day trading on Monday, reaching $26.53. 511,897 shares of the company were exchanged, compared to its average volume of 427,855. G-III Apparel Group, Ltd. has a 1 year low of $20.66 and a 1 year high of $36.18. 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 firm's 50-day simple moving average is $30.79 and its 200 day simple moving average is $30.50. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 6.96 and a beta of 2.07.

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

Wall Street Analysts Forecast Growth

GIII has been the topic of several analyst reports. Guggenheim lifted their price target on G-III Apparel Group from $36.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, December 11th. StockNews.com upgraded shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Friday, January 17th. Telsey Advisory Group restated a "market perform" rating and set a $38.00 price target on shares of G-III Apparel Group in a report on Wednesday, December 18th. KeyCorp lifted their price target on shares of 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. Finally, Barclays raised their target price on 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, G-III Apparel Group has a consensus rating of "Hold" and an average price target of $33.17.

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.