Sanctuary Advisors LLC Has $439,000 Stock Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Sanctuary Advisors LLC raised its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 8.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,564 shares of the textile maker’s stock after buying an additional 1,126 shares during the quarter. Sanctuary Advisors LLC’s holdings in G-III Apparel Group were worth $439,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in GIII. Point72 Asia Singapore Pte. Ltd. bought a new position in G-III Apparel Group during the second quarter valued at about $42,000. Quarry LP acquired a new stake in shares of G-III Apparel Group during the 3rd quarter worth approximately $63,000. Point72 DIFC Ltd bought a new stake in shares of G-III Apparel Group during the second quarter valued at approximately $78,000. CWM LLC raised its stake in shares of G-III Apparel Group by 46.8% in the third quarter. CWM LLC now owns 2,777 shares of the textile maker’s stock valued at $85,000 after purchasing an additional 885 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in G-III Apparel Group in the third quarter worth $152,000. 92.13% of the stock is owned by institutional investors.

G-III Apparel Group Trading Down 0.1 %

Shares of NASDAQ:GIII opened at $33.14 on Friday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 8.70 and a beta of 2.14. G-III Apparel Group, Ltd. has a 12 month low of $20.66 and a 12 month high of $36.18. The company’s fifty day simple moving average is $31.62 and its 200 day simple moving average is $29.09. The company has a quick ratio of 1.80, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.26 by $0.33. The company had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.78 earnings per share. As a group, research analysts forecast that G-III Apparel Group, Ltd. will post 4.15 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and issued a $38.00 price target on shares of G-III Apparel Group in a report on Wednesday, December 18th. KeyCorp upped their target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Guggenheim raised their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Barclays upped their price objective on G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday, December 11th. Finally, StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $33.17.

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.