15,739 Shares in G-III Apparel Group, Ltd. (NASDAQ:GIII) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC acquired a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,739 shares of the textile maker's stock, valued at approximately $513,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of G-III Apparel Group in the second quarter worth about $382,000. CWM LLC increased its holdings in shares of G-III Apparel Group by 46.8% in the third quarter. CWM LLC now owns 2,777 shares of the textile maker's stock worth $85,000 after acquiring an additional 885 shares in the last quarter. Inspire Investing LLC bought a new stake in shares of G-III Apparel Group in the third quarter worth about $1,052,000. Exchange Traded Concepts LLC increased its holdings in shares of G-III Apparel Group by 234.8% in the third quarter. Exchange Traded Concepts LLC now owns 41,610 shares of the textile maker's stock worth $1,270,000 after acquiring an additional 29,181 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in shares of G-III Apparel Group in the third quarter worth about $1,176,000. Institutional investors own 92.13% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. KeyCorp lifted their target price on 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. Telsey Advisory Group restated a "market perform" rating and set a $38.00 target price on shares of G-III Apparel Group in a report on Wednesday, December 18th. Barclays lifted their price target on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an "underweight" rating in a research note on Wednesday, December 11th. StockNews.com upgraded shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Finally, Guggenheim lifted their target price on G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, G-III Apparel Group presently has a consensus rating of "Hold" and an average target price of $33.17.

G-III Apparel Group Price Performance

GIII stock traded up $1.05 during midday trading on Thursday, reaching $30.30. 286,701 shares of the stock were exchanged, compared to its average volume of 397,579. The stock has a market capitalization of $1.33 billion, a PE ratio of 7.95 and a beta of 2.07. G-III Apparel Group, Ltd. has a 52 week low of $20.66 and a 52 week 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 company has a fifty day moving average price of $32.08 and a 200 day moving average price of $30.21.

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, topping analysts' consensus estimates of $2.26 by $0.33. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. G-III Apparel Group's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.78 EPS. As a group, analysts expect that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal 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.