G-III Apparel Group, Ltd. (NASDAQ:GIII) Stake Boosted by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 12.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,839 shares of the textile maker's stock after buying an additional 10,641 shares during the period. O Shaughnessy Asset Management LLC owned about 0.22% of G-III Apparel Group worth $3,192,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of GIII. Victory Capital Management Inc. grew its stake 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 buying an additional 472,862 shares in the last quarter. Barclays PLC grew its position in G-III Apparel Group by 236.4% in the third quarter. Barclays PLC now owns 282,661 shares of the textile maker's stock valued at $8,627,000 after acquiring an additional 198,647 shares in the last quarter. Jane Street Group LLC raised its stake in shares of G-III Apparel Group by 269.9% during the third quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker's stock valued at $7,665,000 after purchasing an additional 183,246 shares during the period. Raymond James Financial Inc. purchased a new position in shares of G-III Apparel Group in the fourth quarter valued at $5,428,000. Finally, American Century Companies Inc. grew its holdings 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 in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Stock Down 1.0 %

NASDAQ GIII traded down $0.23 on Tuesday, hitting $24.01. 192,480 shares of the stock traded hands, compared to its average volume of 543,191. 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 moving average of $27.91 and a 200 day moving average of $30.19. G-III Apparel Group, Ltd. has a twelve month low of $20.66 and a twelve month high of $36.18. The company has a market capitalization of $1.05 billion, a P/E ratio of 6.31 and a beta of 1.63.

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

Analyst Ratings Changes

A number of brokerages have commented on GIII. KeyCorp boosted their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Guggenheim increased their price target on G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. StockNews.com upgraded G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Wednesday, March 26th. Barclays cut their target price on G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 18th. Finally, Telsey Advisory Group reissued a "market perform" rating and set a $30.00 price target on shares of G-III Apparel Group in a research report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, G-III Apparel Group currently has a consensus rating of "Hold" and a consensus target price of $33.00.

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.