G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Acquired by Quantbot Technologies LP

Quantbot Technologies LP grew its stake in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 344.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,427 shares of the textile maker's stock after purchasing an additional 20,485 shares during the quarter. Quantbot Technologies LP owned approximately 0.06% of G-III Apparel Group worth $862,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AlphaQuest LLC acquired a new position in G-III Apparel Group in the 4th quarter valued at $49,000. Quarry LP purchased a new stake in shares of G-III Apparel Group during the third quarter worth $63,000. Smartleaf Asset Management LLC raised its position in shares of G-III Apparel Group by 249.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock valued at $64,000 after buying an additional 1,412 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of G-III Apparel Group by 93.2% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker's stock worth $92,000 after buying an additional 1,460 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of G-III Apparel Group in the third quarter worth about $152,000. Hedge funds and other institutional investors own 92.13% of the company's stock.

Analyst Upgrades and Downgrades

GIII has been the subject of a number of recent research reports. StockNews.com upgraded shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Wednesday. UBS Group cut their price target 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. KeyCorp boosted their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Guggenheim raised their target price on G-III Apparel Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, December 11th. Finally, Barclays lowered their price target on shares of 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $33.00.

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G-III Apparel Group Trading Down 0.4 %

Shares of G-III Apparel Group stock traded down $0.12 during trading hours on Friday, hitting $27.22. The company's stock had a trading volume of 586,605 shares, compared to its average volume of 538,117. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 7.14 and a beta of 2.09. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. 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 fifty day moving average of $28.54 and a 200-day moving average of $30.41.

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