G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC lifted its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 160.7% during the fourth quarter, HoldingsChannel reports. The fund owned 40,391 shares of the textile maker’s stock after acquiring an additional 24,900 shares during the quarter. Intech Investment Management LLC’s holdings in G-III Apparel Group were worth $1,318,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in G-III Apparel Group by 4.9% during the third quarter. Victory Capital Management Inc. now owns 92,136 shares of the textile maker’s stock worth $2,812,000 after buying an additional 4,294 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in G-III Apparel Group by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker’s stock worth $31,624,000 after buying an additional 6,598 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in G-III Apparel Group during the third quarter worth about $282,000. Quantbot Technologies LP purchased a new stake in G-III Apparel Group during the third quarter worth about $181,000. Finally, FORA Capital LLC purchased a new stake in G-III Apparel Group during the third quarter worth about $225,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

G-III Apparel Group Stock Down 1.7 %

Shares of NASDAQ GIII opened at $26.20 on Friday. 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 market capitalization of $1.15 billion, a PE ratio of 6.88 and a beta of 2.09. The firm’s 50-day moving average is $28.89 and its two-hundred day moving average is $30.46. G-III Apparel Group, Ltd. has a 12-month low of $20.66 and a 12-month 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 (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.30. The business had revenue of $839.50 million for the quarter, compared to the consensus estimate of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The company’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 earnings per share. Equities 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 analysts recently commented on GIII shares. Barclays decreased their price objective on shares of G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating on the stock in a report on Tuesday. UBS Group decreased their price objective 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 upped 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 report on Wednesday, December 11th. Telsey Advisory Group reduced their price target on shares of G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating on the stock in a report on Friday, March 14th. Finally, Guggenheim upped their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, G-III Apparel Group presently has an average rating of “Hold” and a consensus target price 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.