Robeco Institutional Asset Management B.V. Buys Shares of 120,297 G-III Apparel Group, Ltd. (NASDAQ:GIII)

Robeco Institutional Asset Management B.V. acquired a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 120,297 shares of the textile maker's stock, valued at approximately $3,671,000. Robeco Institutional Asset Management B.V. owned 0.27% of G-III Apparel Group at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Pallas Capital Advisors LLC purchased a new stake in shares of G-III Apparel Group during the 3rd quarter worth approximately $229,000. Guidance Capital Inc. boosted its stake in shares of G-III Apparel Group by 2.0% during the 3rd quarter. Guidance Capital Inc. now owns 16,861 shares of the textile maker's stock worth $563,000 after purchasing an additional 331 shares during the last quarter. Inspire Advisors LLC acquired a new position in shares of G-III Apparel Group during the 3rd quarter valued at about $375,000. Wedge Capital Management L L P NC acquired a new stake in G-III Apparel Group during the 3rd quarter worth approximately $1,176,000. Finally, Exchange Traded Concepts LLC grew its holdings in G-III Apparel Group by 234.8% during the 3rd quarter. Exchange Traded Concepts LLC now owns 41,610 shares of the textile maker's stock valued at $1,270,000 after purchasing an additional 29,181 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company's stock.

Insider Transactions at G-III Apparel Group

In related news, CEO Morris Goldfarb sold 67,014 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $30.30, for a total transaction of $2,030,524.20. Following the sale, the chief executive officer now owns 3,923,071 shares of the company's stock, valued at approximately $118,869,051.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 12.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on GIII. Telsey Advisory Group reissued a "market perform" rating and set a $29.00 target price on shares of G-III Apparel Group in a research note on Thursday, September 5th. Guggenheim initiated coverage on shares of G-III Apparel Group in a research note on Wednesday, October 9th. They issued a "buy" rating and a $36.00 target price for the company. KeyCorp boosted their price objective on G-III Apparel Group from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Friday, September 6th. Barclays upped their target price on shares of G-III Apparel Group from $23.00 to $27.00 and gave the company an "underweight" rating in a research note on Friday, September 6th. Finally, StockNews.com cut shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $30.00.

G-III Apparel Group Price Performance

Shares of G-III Apparel Group stock traded down $0.58 during trading on Friday, reaching $30.86. 375,698 shares of the company's stock were exchanged, compared to its average volume of 335,536. G-III Apparel Group, Ltd. has a 1-year low of $20.66 and a 1-year high of $35.68. The firm's 50-day moving average price is $30.55 and its 200 day moving average price is $28.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.80 and a current ratio of 2.92. The company has a market cap of $1.35 billion, a P/E ratio of 7.72 and a beta of 2.19.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly earnings results on Thursday, September 5th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.25. G-III Apparel Group had a return on equity of 12.81% and a net margin of 6.04%. The firm had revenue of $644.80 million for the quarter, compared to analysts' expectations of $649.54 million. During the same period in the prior year, the business earned $0.40 EPS. The company's revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, research analysts anticipate that G-III Apparel Group, Ltd. will post 4.01 earnings per share 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.