Zions Bancorporation N.A. Acquires 9,329 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Zions Bancorporation N.A. raised its position in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 19.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 56,577 shares of the textile maker's stock after acquiring an additional 9,329 shares during the period. Zions Bancorporation N.A. owned about 0.13% of G-III Apparel Group worth $1,846,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of GIII. AlphaQuest LLC acquired a new stake in shares of G-III Apparel Group in the 4th quarter valued at approximately $49,000. Quarry LP bought a new position in shares of G-III Apparel Group in the 3rd quarter valued at about $63,000. Smartleaf Asset Management LLC raised its holdings in shares of G-III Apparel Group by 249.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock valued at $64,000 after purchasing an additional 1,412 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in G-III Apparel Group by 93.2% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker's stock worth $92,000 after buying an additional 1,460 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in G-III Apparel Group in the third quarter valued at approximately $152,000. Institutional investors and hedge funds own 92.13% of the company's stock.

G-III Apparel Group Price Performance

NASDAQ GIII traded down $0.12 on Friday, hitting $27.22. 586,605 shares of the company's stock were exchanged, compared to its average volume of 538,117. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. G-III Apparel Group, Ltd. has a 52 week low of $20.66 and a 52 week high of $36.18. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 7.14 and a beta of 2.09. The stock has a 50-day moving average of $28.54 and a 200-day moving average of $30.41.

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G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.30. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The firm had revenue of $839.50 million for the quarter, compared to analysts' expectations of $808.59 million. During the same quarter in the previous year, the business posted $0.76 earnings per share. The business's revenue for the quarter was up 9.8% on a year-over-year basis. Analysts expect that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on GIII. UBS Group cut 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 research report on Tuesday, March 4th. KeyCorp lifted their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an "overweight" 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. Guggenheim lifted their price objective on G-III Apparel Group from $36.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, December 11th. Finally, Barclays reduced their target price on G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating on the stock in a report on Tuesday, March 18th. One investment 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's stock. According to data from MarketBeat.com, G-III Apparel Group has a consensus rating of "Hold" and an average price target of $33.00.

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.