G-III Apparel Group, Ltd. (GIII) Shares Bought by Personal Capital Advisors Corp

Personal Capital Advisors Corp increased its stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 4.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 120,159 shares of the textile maker’s stock after purchasing an additional 5,518 shares during the quarter. Personal Capital Advisors Corp’s holdings in G-III Apparel Group were worth $5,790,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Xact Kapitalforvaltning AB increased its stake in G-III Apparel Group by 20.0% in the second quarter. Xact Kapitalforvaltning AB now owns 7,816 shares of the textile maker’s stock valued at $347,000 after purchasing an additional 1,300 shares during the period. Suffolk Capital Management LLC increased its stake in G-III Apparel Group by 9.0% in the second quarter. Suffolk Capital Management LLC now owns 17,437 shares of the textile maker’s stock valued at $774,000 after purchasing an additional 1,445 shares during the period. Rhumbline Advisers increased its stake in G-III Apparel Group by 1.6% in the second quarter. Rhumbline Advisers now owns 104,704 shares of the textile maker’s stock valued at $4,649,000 after purchasing an additional 1,677 shares during the period. Argent Capital Management LLC increased its stake in G-III Apparel Group by 2.0% in the second quarter. Argent Capital Management LLC now owns 97,485 shares of the textile maker’s stock valued at $4,328,000 after purchasing an additional 1,900 shares during the period. Finally, Nvwm LLC acquired a new position in G-III Apparel Group in the first quarter valued at $121,000.

In other news, COO Wayne S. Miller sold 19,448 shares of the business’s stock in a transaction dated Monday, October 8th. The shares were sold at an average price of $40.09, for a total transaction of $779,670.32. Following the transaction, the chief operating officer now directly owns 248,621 shares in the company, valued at $9,967,215.89. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Bokhorst Willem Van sold 9,323 shares of the business’s stock in a transaction dated Friday, July 13th. The stock was sold at an average price of $44.04, for a total transaction of $410,584.92. Following the transaction, the director now owns 45,451 shares in the company, valued at $2,001,662.04. The disclosure for this sale can be found here. Insiders own 9.80% of the company’s stock.

Shares of G-III Apparel Group stock opened at $36.63 on Thursday. G-III Apparel Group, Ltd. has a 52-week low of $23.19 and a 52-week high of $51.20. The company has a current ratio of 2.12, a quick ratio of 0.99 and a debt-to-equity ratio of 0.45. The stock has a market cap of $2.37 billion, a PE ratio of 22.89, a PEG ratio of 1.23 and a beta of 0.08.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Thursday, September 6th. The textile maker reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.19. G-III Apparel Group had a net margin of 3.39% and a return on equity of 10.67%. The business had revenue of $624.70 million for the quarter, compared to analyst estimates of $590.16 million. During the same period in the previous year, the business posted ($0.15) earnings per share. The business’s revenue was up 16.1% compared to the same quarter last year. Equities analysts anticipate that G-III Apparel Group, Ltd. will post 2.61 earnings per share for the current fiscal year.

A number of research analysts have commented on GIII shares. Needham & Company LLC started coverage on shares of G-III Apparel Group in a research note on Thursday, June 21st. They issued a “buy” rating and a $53.00 price objective on the stock. TheStreet upgraded shares of G-III Apparel Group from a “c+” rating to a “b-” rating in a research note on Tuesday, June 26th. BidaskClub lowered shares of G-III Apparel Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 3rd. Zacks Investment Research lowered shares of G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 7th. Finally, Cowen lifted their price objective on shares of G-III Apparel Group from $54.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, September 6th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $52.18.

About G-III Apparel Group

G-III Apparel Group, Ltd. designs, manufactures, and markets women's and men's apparel in the United States and internationally. The company operates in 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.

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Institutional Ownership by Quarter for G-III Apparel Group (NASDAQ:GIII)

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