SG Americas Securities LLC boosted its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 124.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,482 shares of the textile maker's stock after buying an additional 9,128 shares during the quarter. SG Americas Securities LLC's holdings in G-III Apparel Group were worth $538,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Barclays PLC increased its stake in shares of G-III Apparel Group by 236.4% in the 3rd quarter. Barclays PLC now owns 282,661 shares of the textile maker's stock valued at $8,627,000 after purchasing an additional 198,647 shares in the last quarter. Jane Street Group LLC increased its position in shares of G-III Apparel Group by 269.9% in the third quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker's stock valued at $7,665,000 after buying an additional 183,246 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in G-III Apparel Group in the 3rd quarter worth $3,671,000. Empowered Funds LLC increased its stake in shares of G-III Apparel Group by 54.3% during the third quarter. Empowered Funds LLC now owns 328,123 shares of the textile maker's stock worth $10,014,000 after purchasing an additional 115,491 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in G-III Apparel Group by 102.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 180,000 shares of the textile maker's stock worth $5,494,000 after buying an additional 90,993 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company's stock.
G-III Apparel Group Trading Up 2.5 %
GIII traded up $0.74 during trading hours on Tuesday, reaching $30.26. The company's stock had a trading volume of 377,272 shares, compared to its average volume of 420,935. The stock has a market cap of $1.33 billion, a PE ratio of 7.94 and a beta of 2.07. G-III Apparel Group, Ltd. has a fifty-two week low of $20.66 and a fifty-two week high of $36.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The business's 50-day moving average is $32.20 and its 200-day moving average is $30.10.
G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings results on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, beating the consensus estimate of $2.26 by $0.33. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the prior year, the company posted $2.78 EPS. The company's quarterly revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts predict that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on GIII. StockNews.com raised G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Barclays upped their target price on shares of G-III Apparel Group from $27.00 to $29.00 and gave the stock an "underweight" rating in a report on Wednesday, December 11th. Telsey Advisory Group reiterated a "market perform" rating and issued a $38.00 target price on shares of G-III Apparel Group in a research report on Wednesday, December 18th. KeyCorp boosted their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. Finally, Guggenheim increased their price objective on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.17.
Get Our Latest Analysis on G-III Apparel Group
About G-III Apparel Group
(
Free Report)
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.
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