Islay Capital Management LLC Takes Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Islay Capital Management LLC bought a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 26,930 shares of the textile maker’s stock, valued at approximately $878,000.

A number of other institutional investors have also added to or reduced their stakes in GIII. Integrated Quantitative Investments LLC bought a new stake in G-III Apparel Group in the fourth quarter valued at approximately $1,173,000. Foundry Partners LLC acquired a new position in shares of G-III Apparel Group during the 4th quarter worth approximately $6,094,000. ExodusPoint Capital Management LP acquired a new position in shares of G-III Apparel Group during the 4th quarter worth approximately $1,389,000. Trexquant Investment LP bought a new stake in G-III Apparel Group in the 4th quarter valued at $3,902,000. Finally, Headlands Technologies LLC acquired a new stake in G-III Apparel Group during the 4th quarter valued at $172,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

G-III Apparel Group Stock Up 0.9 %

NASDAQ GIII opened at $25.60 on Friday. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 6.72 and a beta of 2.09. The company has a 50 day moving average of $28.07 and a 200-day moving average of $30.27. G-III Apparel Group, Ltd. has a 1-year low of $20.66 and a 1-year high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last announced 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. 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 return on equity of 11.66% and a net margin of 5.59%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 EPS. On average, equities research analysts expect that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

GIII has been the topic of several research analyst reports. StockNews.com raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 26th. UBS Group lowered their price target on shares of G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th. KeyCorp boosted their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Telsey Advisory Group reiterated a “market perform” rating and set a $30.00 target price on shares of G-III Apparel Group in a research note on Friday. Finally, Guggenheim boosted their price target on G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $33.00.

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.