5,279 Shares in G-III Apparel Group, Ltd. (NASDAQ:GIII) Acquired by Headlands Technologies LLC

Headlands Technologies LLC acquired a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) during the fourth quarter, HoldingsChannel reports. The fund acquired 5,279 shares of the textile maker’s stock, valued at approximately $172,000.

Other large investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC acquired a new position in shares of G-III Apparel Group in the fourth quarter valued at about $49,000. Quarry LP bought a new stake in G-III Apparel Group in the 3rd quarter valued at about $63,000. Smartleaf Asset Management LLC grew its position in shares of G-III Apparel Group by 249.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock worth $64,000 after purchasing an additional 1,412 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of 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 purchasing an additional 1,460 shares during the period. Finally, Point72 DIFC Ltd raised its position in shares of G-III Apparel Group by 103.2% in the third quarter. Point72 DIFC Ltd now owns 5,821 shares of the textile maker’s stock valued at $178,000 after buying an additional 2,957 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Price Performance

GIII stock opened at $25.60 on Friday. The stock 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 debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The company has a 50 day simple moving average of $28.07 and a 200 day simple moving average of $30.25. 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 results on Thursday, March 13th. The textile maker reported $1.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $839.50 million during the quarter, compared to the consensus estimate of $808.59 million. During the same period in the prior year, the business earned $0.76 earnings per share. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Research analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on GIII. Barclays reduced their price target on 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. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Wednesday, March 26th. Guggenheim upped 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 report on Wednesday, December 11th. KeyCorp boosted their price objective 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. Finally, UBS Group reduced their target price on 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, G-III Apparel Group currently has a consensus rating of “Hold” and a consensus target price 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.