Sanctuary Advisors LLC Buys 631 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Sanctuary Advisors LLC grew its position in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,195 shares of the textile maker’s stock after purchasing an additional 631 shares during the period. Sanctuary Advisors LLC’s holdings in G-III Apparel Group were worth $500,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GIII. Principal Financial Group Inc. grew its holdings in shares of G-III Apparel Group by 1.7% during the fourth quarter. Principal Financial Group Inc. now owns 213,035 shares of the textile maker’s stock worth $6,949,000 after purchasing an additional 3,484 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of G-III Apparel Group by 3.5% in the fourth quarter. Empowered Funds LLC now owns 339,601 shares of the textile maker’s stock valued at $11,078,000 after buying an additional 11,478 shares during the last quarter. EMC Capital Management lifted its position in G-III Apparel Group by 345.5% during the 4th quarter. EMC Capital Management now owns 11,965 shares of the textile maker’s stock worth $390,000 after buying an additional 9,279 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in G-III Apparel Group during the 4th quarter worth about $513,000. Finally, SG Americas Securities LLC increased its position in G-III Apparel Group by 124.1% in the 4th quarter. SG Americas Securities LLC now owns 16,482 shares of the textile maker’s stock valued at $538,000 after acquiring an additional 9,128 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Price Performance

Shares of GIII opened at $27.07 on Friday. The firm has a market capitalization of $1.19 billion, a PE ratio of 7.11 and a beta of 2.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The company’s 50-day moving average is $30.79 and its 200-day moving average is $30.46. G-III Apparel Group, Ltd. has a fifty-two week low of $20.66 and a fifty-two week high of $36.18.

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

Analysts Set New Price Targets

Several research firms have issued reports on GIII. Telsey Advisory Group reaffirmed a “market perform” rating and set a $38.00 price objective on shares of G-III Apparel Group in a report on Wednesday, December 18th. StockNews.com raised G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Guggenheim raised their price target on G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Barclays boosted their price objective 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. Finally, KeyCorp raised 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. Two 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 company. According to MarketBeat, the company 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.