New York State Teachers Retirement System Has $1.37 Million Stock Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

New York State Teachers Retirement System decreased its position in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,800 shares of the textile maker’s stock after selling 557 shares during the period. New York State Teachers Retirement System owned about 0.10% of G-III Apparel Group worth $1,367,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in GIII. Guidance Capital Inc. grew its stake in shares of G-III Apparel Group by 2.0% in the 3rd quarter. Guidance Capital Inc. now owns 16,861 shares of the textile maker’s stock valued at $563,000 after purchasing an additional 331 shares during the period. Texas Permanent School Fund Corp grew its stake in shares of G-III Apparel Group by 1.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 35,618 shares of the textile maker’s stock valued at $1,033,000 after purchasing an additional 482 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of G-III Apparel Group by 1.4% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,809 shares of the textile maker’s stock valued at $1,023,000 after purchasing an additional 516 shares during the period. ProShare Advisors LLC grew its stake in shares of G-III Apparel Group by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 8,317 shares of the textile maker’s stock valued at $241,000 after purchasing an additional 572 shares during the period. Finally, CWM LLC grew its stake in shares of G-III Apparel Group by 46.8% in the 3rd quarter. CWM LLC now owns 2,777 shares of the textile maker’s stock valued at $85,000 after purchasing an additional 885 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GIII. Barclays upped their price objective on G-III Apparel Group from $23.00 to $27.00 and gave the company an “underweight” rating in a research note on Friday, September 6th. StockNews.com lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. KeyCorp increased their price target on G-III Apparel Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Telsey Advisory Group restated a “market perform” rating and set a $29.00 price target on shares of G-III Apparel Group in a research report on Thursday, September 5th. Finally, Guggenheim started coverage on G-III Apparel Group in a research report on Wednesday, October 9th. They set a “buy” rating and a $36.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.00.

Insider Activity

In other news, CEO Morris Goldfarb sold 67,014 shares of the stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $30.30, for a total value of $2,030,524.20. Following the transaction, the chief executive officer now owns 3,923,071 shares of the company’s stock, valued at $118,869,051.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 12.40% of the stock is currently owned by company insiders.

G-III Apparel Group Stock Down 1.8 %

Shares of GIII opened at $30.86 on Friday. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of 7.72 and a beta of 2.19. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.80 and a current ratio of 2.92. The business’s fifty day moving average price is $30.55 and its two-hundred day moving average price is $28.30. G-III Apparel Group, Ltd. has a 52 week low of $20.66 and a 52 week high of $35.68.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, September 5th. The textile maker reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.25. The firm had revenue of $644.80 million for the quarter, compared to analyst estimates of $649.54 million. G-III Apparel Group had a return on equity of 12.81% and a net margin of 6.04%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period last year, the company earned $0.40 EPS. On average, analysts predict that G-III Apparel Group, Ltd. will post 4.01 earnings per share for the current year.

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.