Empowered Funds LLC Has $11.08 Million Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Empowered Funds LLC raised its position in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 3.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 339,601 shares of the textile maker’s stock after acquiring an additional 11,478 shares during the period. Empowered Funds LLC owned approximately 0.77% of G-III Apparel Group worth $11,078,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in G-III Apparel Group by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker’s stock valued at $31,624,000 after acquiring an additional 6,598 shares during the period. Geode Capital Management LLC lifted its holdings in shares of G-III Apparel Group by 1.2% in the third quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock valued at $29,833,000 after purchasing an additional 11,196 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of G-III Apparel Group by 0.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 329,720 shares of the textile maker’s stock valued at $10,063,000 after purchasing an additional 1,860 shares in the last quarter. Barclays PLC lifted its holdings in shares of G-III Apparel Group by 236.4% in the third quarter. Barclays PLC now owns 282,661 shares of the textile maker’s stock valued at $8,627,000 after purchasing an additional 198,647 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of G-III Apparel Group by 269.9% in the third quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker’s stock valued at $7,665,000 after purchasing an additional 183,246 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Price Performance

Shares of NASDAQ GIII opened at $29.63 on Friday. The stock has a market cap of $1.30 billion, a PE ratio of 7.78 and a beta of 2.07. G-III Apparel Group, Ltd. has a fifty-two week low of $20.66 and a fifty-two week high of $36.18. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. The stock has a fifty day moving average of $32.21 and a 200-day moving average of $30.14.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.33. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the business earned $2.78 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. Equities research analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current year.

Analyst Ratings Changes

GIII has been the topic of a number of recent research reports. Telsey Advisory Group restated a “market perform” rating and issued a $38.00 target price on shares of G-III Apparel Group in a report on Wednesday, December 18th. KeyCorp raised their target price 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. StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Guggenheim lifted their price target 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. Finally, Barclays lifted their price target on G-III Apparel Group from $27.00 to $29.00 and gave the stock an “underweight” rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $33.17.

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.