Teacher Retirement System of Texas increased its stake in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 44.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,908 shares of the textile maker's stock after acquiring an additional 27,177 shares during the period. Teacher Retirement System of Texas owned approximately 0.20% of G-III Apparel Group worth $2,900,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC increased its holdings in shares of G-III Apparel Group by 160.7% during the 4th quarter. Intech Investment Management LLC now owns 40,391 shares of the textile maker's stock worth $1,318,000 after buying an additional 24,900 shares during the last quarter. Vestcor Inc increased its holdings in G-III Apparel Group by 2.1% in the 4th quarter. Vestcor Inc now owns 31,988 shares of the textile maker's stock valued at $1,043,000 after purchasing an additional 665 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of G-III Apparel Group during the 4th quarter valued at about $215,000. Inspire Advisors LLC lifted its position in shares of G-III Apparel Group by 12.4% during the fourth quarter. Inspire Advisors LLC now owns 13,812 shares of the textile maker's stock worth $451,000 after purchasing an additional 1,524 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in G-III Apparel Group in the 4th quarter worth $49,000. 92.13% of the stock is currently owned by hedge funds and other institutional investors.
G-III Apparel Group Stock Performance
Shares of GIII traded down $0.12 during midday trading on Friday, hitting $27.22. 586,605 shares of the stock traded hands, compared to its average volume of 538,117. 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 1-year low of $20.66 and a 1-year high of $36.18. The business's 50 day moving average price is $28.54 and its two-hundred day moving average price is $30.41. 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 posted its earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping the consensus estimate of $0.97 by $0.30. The firm had revenue of $839.50 million during 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%. G-III Apparel Group's quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 EPS. Equities research analysts predict that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on GIII. Guggenheim raised their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. StockNews.com raised G-III Apparel Group from a "hold" rating to a "buy" rating in a research report on Wednesday. UBS Group decreased their price objective on shares of 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 target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, December 11th. Finally, Barclays reduced 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $33.00.
Check Out Our Latest Research Report on GIII
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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