G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Purchased by Strs Ohio

Strs Ohio increased its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 1,507.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,500 shares of the textile maker’s stock after acquiring an additional 21,100 shares during the period. Strs Ohio’s holdings in G-III Apparel Group were worth $764,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of G-III Apparel Group by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,702,233 shares of the textile maker’s stock valued at $117,180,000 after buying an additional 92,673 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of G-III Apparel Group by 155.7% during the 4th quarter. Pacer Advisors Inc. now owns 3,620,323 shares of the textile maker’s stock valued at $123,019,000 after buying an additional 2,204,572 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of G-III Apparel Group by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,118,951 shares of the textile maker’s stock valued at $27,884,000 after buying an additional 60,669 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of G-III Apparel Group by 39.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 665,539 shares of the textile maker’s stock valued at $16,585,000 after buying an additional 189,239 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of G-III Apparel Group by 23.5% during the 3rd quarter. Invesco Ltd. now owns 643,282 shares of the textile maker’s stock valued at $16,031,000 after buying an additional 122,484 shares during the last quarter. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group Stock Performance

Shares of NASDAQ:GIII opened at $28.50 on Friday. The business’s fifty day moving average price is $29.21 and its two-hundred day moving average price is $29.41. G-III Apparel Group, Ltd. has a fifty-two week low of $14.49 and a fifty-two week high of $35.68. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 7.56 and a beta of 2.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.36 and a quick ratio of 2.31.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, March 14th. The textile maker reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $764.80 million for the quarter, compared to analysts’ expectations of $816.98 million. G-III Apparel Group had a return on equity of 13.07% and a net margin of 5.69%. The business’s revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 earnings per share. As a group, analysts predict that G-III Apparel Group, Ltd. will post 3.55 EPS for the current fiscal year.

Analyst Ratings Changes

GIII has been the subject of several research reports. Wells Fargo & Company reduced their price target on G-III Apparel Group from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, March 15th. TheStreet upgraded G-III Apparel Group from a “c+” rating to a “b” rating in a report on Thursday, March 14th. StockNews.com lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. UBS Group reduced their target price on G-III Apparel Group from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Finally, Barclays restated an “underweight” rating and issued a $23.00 target price (down from $30.00) on shares of G-III Apparel Group in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.83.

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.