SG Americas Securities LLC Acquires 9,128 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

SG Americas Securities LLC boosted its stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 124.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,482 shares of the textile maker’s stock after acquiring an additional 9,128 shares during the period. SG Americas Securities LLC’s holdings in G-III Apparel Group were worth $538,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of GIII. Point72 Asia Singapore Pte. Ltd. bought a new position in G-III Apparel Group during the second quarter worth about $42,000. Quarry LP purchased a new stake in shares of G-III Apparel Group in the 3rd quarter valued at about $63,000. CWM LLC raised its stake in 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. Point72 Hong Kong Ltd bought a new stake in shares of G-III Apparel Group during the 3rd quarter worth $152,000. Finally, Point72 DIFC Ltd boosted its holdings in shares of G-III Apparel Group by 103.2% in the 3rd quarter. Point72 DIFC Ltd now owns 5,821 shares of the textile maker’s stock worth $178,000 after purchasing an additional 2,957 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Down 5.0 %

GIII opened at $31.22 on Friday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 8.19 and a beta of 2.09. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The firm has a 50 day moving average price of $32.23 and a 200-day moving average price of $30.00. 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 issued its quarterly earnings data on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.26 by $0.33. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business earned $2.78 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current year.

Analysts Set New Price Targets

GIII has been the topic of several recent research reports. StockNews.com raised shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Guggenheim raised their price target on 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. KeyCorp upped their target price on G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Telsey Advisory Group reissued a “market perform” rating and set a $38.00 price target on shares of G-III Apparel Group in a research report on Wednesday, December 18th. Finally, Barclays boosted their target price 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, G-III Apparel Group currently has a consensus rating of “Hold” and an average 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.