Jane Street Group LLC Grows Stock Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Jane Street Group LLC raised its stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 269.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 251,146 shares of the textile maker's stock after acquiring an additional 183,246 shares during the period. Jane Street Group LLC owned approximately 0.57% of G-III Apparel Group worth $7,665,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in G-III Apparel Group by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker's stock worth $91,396,000 after acquiring an additional 151,425 shares in the last quarter. American Century Companies Inc. increased its stake in G-III Apparel Group by 15.6% during the second quarter. American Century Companies Inc. now owns 1,147,175 shares of the textile maker's stock worth $31,054,000 after purchasing an additional 155,079 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of G-III Apparel Group by 0.6% during the third 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 in the last quarter. LSV Asset Management boosted its stake in shares of G-III Apparel Group by 0.6% in the second quarter. LSV Asset Management now owns 851,683 shares of the textile maker's stock valued at $23,055,000 after purchasing an additional 5,200 shares during the period. Finally, Marshall Wace LLP grew its holdings in shares of G-III Apparel Group by 142.8% in the second quarter. Marshall Wace LLP now owns 351,918 shares of the textile maker's stock valued at $9,526,000 after purchasing an additional 206,993 shares in the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

GIII has been the topic of a number of research reports. StockNews.com upgraded shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Monday, December 2nd. Barclays increased their price objective on G-III Apparel Group from $27.00 to $29.00 and gave the company an "underweight" rating in a research note on Wednesday. KeyCorp boosted their target price on G-III Apparel Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $32.00 price target on shares of G-III Apparel Group in a research report on Tuesday. Finally, Guggenheim boosted 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. Two 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $32.17.

Insider Activity at G-III Apparel Group

In related news, CEO Morris Goldfarb sold 100,000 shares of the company's stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $31.59, for a total value of $3,159,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,990,085 shares of the company's stock, valued at $126,046,785.15. This represents a 2.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 12.40% of the company's stock.

G-III Apparel Group Stock Up 4.2 %

Shares of NASDAQ:GIII traded up $1.45 on Friday, hitting $36.10. 624,210 shares of the company's stock were exchanged, compared to its average volume of 562,022. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 2.63. 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 market capitalization of $1.58 billion, a PE ratio of 9.48 and a beta of 2.14. The firm's 50-day moving average is $31.09 and its 200 day moving average is $28.82.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) 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 firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the company posted $2.78 earnings per share. The firm's quarterly revenue was up 1.9% compared to the same quarter last year. Sell-side analysts predict that G-III Apparel Group, Ltd. will post 4.15 EPS for the current year.

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.