G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC increased its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 160.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,391 shares of the textile maker's stock after purchasing an additional 24,900 shares during the quarter. Intech Investment Management LLC owned 0.09% of G-III Apparel Group worth $1,318,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its position in shares of G-III Apparel Group by 0.6% in 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 buying an additional 6,598 shares in the last quarter. Geode Capital Management LLC raised its position 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 acquiring an additional 11,196 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of G-III Apparel Group by 513.2% in the fourth 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. Empowered Funds LLC grew its position in shares of G-III Apparel Group by 3.5% in the fourth quarter. Empowered Funds LLC now owns 339,601 shares of the textile maker's stock valued at $11,078,000 after purchasing an additional 11,478 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of G-III Apparel Group by 0.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 329,720 shares of the textile maker's stock worth $10,063,000 after purchasing an additional 1,860 shares in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

GIII has been the topic of a number of recent research reports. KeyCorp upped 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. Telsey Advisory Group reduced their price objective on G-III Apparel Group from $38.00 to $30.00 and set a "market perform" rating on the stock in a research report on Friday, March 14th. Guggenheim lifted their price objective on G-III Apparel Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Barclays reduced their target price on shares of G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating on the stock in a report on Tuesday, March 18th. Finally, UBS Group decreased their price target on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $33.00.

G-III Apparel Group Trading Down 1.7 %

NASDAQ GIII traded down $0.47 during trading hours on Tuesday, hitting $27.11. 462,055 shares of the company's stock were exchanged, compared to its average volume of 523,735. 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 firm has a market capitalization of $1.19 billion, a P/E ratio of 7.12 and a beta of 2.09. The business's 50 day moving average is $28.76 and its 200-day moving average is $30.48. 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 issued its quarterly earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping the consensus estimate of $0.97 by $0.30. The firm had revenue of $839.50 million during the quarter, compared to analyst estimates of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. G-III Apparel Group's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.76 earnings per share. As a group, analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal 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.