11,482 Shares in G-III Apparel Group, Ltd. (NASDAQ:GIII) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,482 shares of the textile maker's stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also made changes to their positions in GIII. Intech Investment Management LLC purchased a new position in G-III Apparel Group in the 3rd quarter worth $473,000. Charles Schwab Investment Management Inc. raised its stake in shares of G-III Apparel Group by 0.6% in 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 during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of G-III Apparel Group during the third quarter worth about $282,000. Quantbot Technologies LP purchased a new stake in G-III Apparel Group in the third quarter valued at approximately $181,000. Finally, FORA Capital LLC acquired a new position in G-III Apparel Group in the 3rd quarter worth approximately $225,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on GIII shares. StockNews.com upgraded shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Wednesday. Guggenheim boosted their target price on shares of 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. UBS Group cut their price target on 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. Telsey Advisory Group decreased their price objective on G-III Apparel Group from $38.00 to $30.00 and set a "market perform" rating for the company in a report on Friday, March 14th. Finally, KeyCorp raised their target price on G-III Apparel Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, G-III Apparel Group currently has an average rating of "Hold" and a consensus price target of $33.00.

G-III Apparel Group Price Performance

Shares of G-III Apparel Group stock traded down $0.12 during trading hours on Friday, reaching $27.22. The stock had a trading volume of 586,605 shares, compared to its average volume of 538,117. The stock's 50 day moving average is $28.54 and its 200 day moving average is $30.41. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. G-III Apparel Group, Ltd. has a twelve month low of $20.66 and a twelve month high of $36.18. The firm has a market capitalization of $1.19 billion, a PE ratio of 7.14 and a beta of 2.09.

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

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.