Integrated Quantitative Investments LLC Takes $1.17 Million Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Integrated Quantitative Investments LLC purchased a new position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 35,967 shares of the textile maker's stock, valued at approximately $1,173,000. Integrated Quantitative Investments LLC owned approximately 0.08% of G-III Apparel Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in G-III Apparel Group by 513.2% during the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker's stock worth $18,430,000 after acquiring an additional 472,862 shares during the period. Barclays PLC raised its position in shares of G-III Apparel Group by 236.4% during the 3rd quarter. Barclays PLC now owns 282,661 shares of the textile maker's stock worth $8,627,000 after purchasing an additional 198,647 shares during the last quarter. Foundry Partners LLC purchased a new position in G-III Apparel Group in the 4th quarter valued at about $6,094,000. Jane Street Group LLC boosted its holdings in G-III Apparel Group by 269.9% in the 3rd quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker's stock worth $7,665,000 after buying an additional 183,246 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in G-III Apparel Group during the 4th quarter worth approximately $5,428,000. Institutional investors and hedge funds own 92.13% of the company's stock.

G-III Apparel Group Trading Up 2.1 %

Shares of GIII stock traded up $0.46 during trading on Wednesday, hitting $22.97. 235,326 shares of the stock traded hands, compared to its average volume of 573,606. G-III Apparel Group, Ltd. has a 52-week low of $20.66 and a 52-week high of $36.18. The firm has a market capitalization of $1.01 billion, a P/E ratio of 6.03 and a beta of 1.63. The firm's fifty day moving average price is $27.52 and its 200-day moving average price is $30.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75.

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. As a group, research analysts forecast that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on GIII. 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 research note on Wednesday, December 11th. KeyCorp increased their target price 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. UBS Group lowered 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 report on Tuesday, March 4th. Barclays decreased 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 research note on Tuesday, March 18th. Finally, StockNews.com upgraded G-III Apparel Group from a "hold" rating to a "buy" rating in a research report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to data from 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 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.