Swiss National Bank Has $2.53 Million Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Swiss National Bank decreased its position in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 1.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 77,600 shares of the textile maker’s stock after selling 1,400 shares during the quarter. Swiss National Bank owned about 0.18% of G-III Apparel Group worth $2,531,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Intech Investment Management LLC acquired a new position in G-III Apparel Group in the 3rd quarter valued at $473,000. Charles Schwab Investment Management Inc. boosted its position in shares of 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. Dynamic Technology Lab Private Ltd acquired a new position in shares of G-III Apparel Group in the third quarter valued at about $282,000. Quantbot Technologies LP bought a new position in G-III Apparel Group during the third quarter worth about $181,000. Finally, FORA Capital LLC acquired a new stake in G-III Apparel Group in the 3rd quarter worth about $225,000. Institutional investors own 92.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Guggenheim raised their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Telsey Advisory Group lowered their price objective 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. KeyCorp upped their target price on G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Barclays dropped their price target on G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating for the company in a research note on Tuesday, March 18th. Finally, UBS Group reduced 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 research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, G-III Apparel Group has a consensus rating of “Hold” and a consensus price target of $33.00.

G-III Apparel Group Trading Up 0.3 %

Shares of G-III Apparel Group stock opened at $27.34 on Friday. The firm has a market capitalization of $1.20 billion, a PE ratio of 7.18 and a beta of 2.09. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $28.61 and its 200 day moving average is $30.43. G-III Apparel Group, Ltd. has a 1 year low of $20.66 and a 1 year high of $36.18.

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