Vanguard Group Inc. Has $154.31 Million Stock Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Vanguard Group Inc. trimmed its position in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 1.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,730,623 shares of the textile maker's stock after selling 63,861 shares during the quarter. Vanguard Group Inc. owned 10.78% of G-III Apparel Group worth $154,313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in shares of G-III Apparel Group by 25.7% during 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 during the period. Fox Run Management L.L.C. bought a new position in G-III Apparel Group during the fourth quarter worth about $366,000. KLP Kapitalforvaltning AS acquired a new stake in G-III Apparel Group during the fourth quarter valued at approximately $806,000. Hillsdale Investment Management Inc. grew its stake in shares of G-III Apparel Group by 1.4% in the 4th quarter. Hillsdale Investment Management Inc. now owns 125,367 shares of the textile maker's stock valued at $4,089,000 after purchasing an additional 1,700 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of G-III Apparel Group by 11.8% in the 4th quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker's stock worth $47,672,000 after buying an additional 153,913 shares in the last quarter. 92.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GIII. UBS Group lowered their price target on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $30.00 target price on shares of G-III Apparel Group in a report on Friday, April 4th. StockNews.com cut shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a research report on Wednesday. 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 analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, G-III Apparel Group presently has a consensus rating of "Hold" and an average price target of $33.00.

G-III Apparel Group Price Performance

Shares of NASDAQ:GIII traded down $0.12 during midday trading on Friday, reaching $24.67. The company's stock had a trading volume of 673,753 shares, compared to its average volume of 551,444. The business's fifty day simple moving average is $27.04 and its 200-day simple moving average is $29.91. The company has a market capitalization of $1.08 billion, a P/E ratio of 6.48 and a beta of 1.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. G-III Apparel Group, Ltd. has a fifty-two week low of $20.66 and a fifty-two week high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $839.50 million during the quarter, compared to analysts' expectations of $808.59 million. During the same quarter last year, the company posted $0.76 EPS. The company's quarterly revenue was up 9.8% compared to the same quarter last year. As a group, equities research analysts expect that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

G-III Apparel Group 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.