11,217 Shares in G-III Apparel Group, Ltd. (NASDAQ:GIII) Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,217 shares of the textile maker’s stock, valued at approximately $366,000.

Several other large investors have also added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of G-III Apparel Group by 513.2% during the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock worth $18,430,000 after purchasing an additional 472,862 shares during the period. Barclays PLC raised its position in G-III Apparel Group by 236.4% during the 3rd quarter. Barclays PLC now owns 282,661 shares of the textile maker’s stock worth $8,627,000 after buying an additional 198,647 shares during the last quarter. Jane Street Group LLC lifted its stake in G-III Apparel Group by 269.9% during the 3rd quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker’s stock valued at $7,665,000 after acquiring an additional 183,246 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of G-III Apparel Group in the 4th quarter valued at $5,428,000. Finally, American Century Companies Inc. increased its stake in shares of G-III Apparel Group by 11.8% in the fourth quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker’s stock worth $47,672,000 after acquiring an additional 153,913 shares during the period. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays decreased their target price on shares of G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating for the company in a research report on Tuesday, March 18th. Telsey Advisory Group lowered their target price on G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating on the stock in a research note on Friday, March 14th. Guggenheim raised their target price on 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 target on G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Finally, StockNews.com raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.00.

G-III Apparel Group Stock Performance

NASDAQ GIII opened at $27.26 on Thursday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 7.15 and a beta of 2.09. The stock has a 50-day moving average of $28.68 and a 200 day moving average of $30.46. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. G-III Apparel Group, Ltd. has a twelve month low of $20.66 and a twelve month high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.30. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The business 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 company posted $0.76 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

About G-III Apparel Group

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.