LSV Asset Management Sells 63,602 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

LSV Asset Management reduced its position in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 747,981 shares of the textile maker's stock after selling 63,602 shares during the period. LSV Asset Management owned about 1.70% of G-III Apparel Group worth $24,399,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in GIII. American Century Companies Inc. raised its stake in G-III Apparel Group by 11.8% during the 4th quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker's stock valued at $47,672,000 after purchasing an additional 153,913 shares during the period. Geode Capital Management LLC lifted its stake in G-III Apparel Group by 1.2% in the 3rd 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 in the last quarter. Prudential Financial Inc. lifted its stake in G-III Apparel Group by 2.6% in the 4th quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker's stock worth $25,197,000 after acquiring an additional 19,723 shares in the last quarter. Victory Capital Management Inc. boosted its position in G-III Apparel Group by 513.2% during the 4th 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. Finally, Empowered Funds LLC grew its stake in G-III Apparel Group by 3.5% during the 4th quarter. Empowered Funds LLC now owns 339,601 shares of the textile maker's stock valued at $11,078,000 after acquiring an additional 11,478 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company's stock.

G-III Apparel Group Stock Performance

GIII stock traded up $0.21 during midday trading on Thursday, hitting $23.75. The stock had a trading volume of 142,996 shares, compared to its average volume of 581,503. 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 current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The stock has a 50-day simple moving average of $26.68 and a 200 day simple moving average of $29.78. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 6.24 and a beta of 1.63.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.30. The company had revenue of $839.50 million during the quarter, compared to the consensus estimate of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.76 EPS. As a group, equities research analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on GIII shares. Barclays decreased their price target on shares of G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating for the company in a report on Tuesday, March 18th. StockNews.com cut shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. UBS Group cut their price objective on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $30.00 target price on shares of G-III Apparel Group in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price 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.