Segall Bryant & Hamill LLC Acquires Shares of 15,109 G-III Apparel Group, Ltd. (NASDAQ:GIII)

Segall Bryant & Hamill LLC bought a new stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,109 shares of the textile maker's stock, valued at approximately $493,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Prudential Financial Inc. raised its stake in shares of G-III Apparel Group by 2.6% in the fourth quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker's stock worth $25,197,000 after buying an additional 19,723 shares during the period. LPL Financial LLC increased its holdings in G-III Apparel Group by 25.7% in the 4th quarter. LPL Financial LLC now owns 66,321 shares of the textile maker's stock worth $2,067,000 after acquiring an additional 13,550 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in G-III Apparel Group during the 4th quarter worth approximately $366,000. KLP Kapitalforvaltning AS purchased a new position in G-III Apparel Group during the fourth quarter valued at approximately $806,000. Finally, Hillsdale Investment Management Inc. boosted its position in shares of G-III Apparel Group by 1.4% in the fourth quarter. Hillsdale Investment Management Inc. now owns 125,367 shares of the textile maker's stock worth $4,089,000 after purchasing an additional 1,700 shares during the period. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on GIII. Guggenheim lifted 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 note on Wednesday, December 11th. StockNews.com raised G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Wednesday, March 26th. Barclays dropped their price objective on G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating for the company in a research note on Tuesday, March 18th. UBS Group decreased their target price on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Finally, KeyCorp upped their price target 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. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $33.00.

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G-III Apparel Group Price Performance

Shares of GIII traded up $0.24 during mid-day trading on Wednesday, hitting $27.72. 78,091 shares of the stock were exchanged, compared to its average volume of 537,290. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. The company has a market cap of $1.22 billion, a PE ratio of 7.27 and a beta of 2.09. G-III Apparel Group, Ltd. has a 52-week low of $20.66 and a 52-week high of $36.18. The firm has a 50-day moving average of $28.39 and a two-hundred day moving average of $30.36.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its 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 firm had revenue of $839.50 million for the quarter, compared to analysts' expectations of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. 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 earned $0.76 EPS. On average, equities analysts predict that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current year.

About G-III Apparel Group

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.