G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Acquired by Atria Investments Inc

Atria Investments Inc increased its stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 9.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,102 shares of the textile maker’s stock after purchasing an additional 673 shares during the period. Atria Investments Inc’s holdings in G-III Apparel Group were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sanctuary Advisors LLC grew its stake in G-III Apparel Group by 4.3% during the 4th quarter. Sanctuary Advisors LLC now owns 15,195 shares of the textile maker’s stock valued at $500,000 after purchasing an additional 631 shares during the last quarter. Smartleaf Asset Management LLC raised its position in G-III Apparel Group by 249.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock worth $64,000 after buying an additional 1,412 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in G-III Apparel Group by 93.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock valued at $92,000 after acquiring an additional 1,460 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of G-III Apparel Group by 0.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 329,720 shares of the textile maker’s stock valued at $10,063,000 after acquiring an additional 1,860 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of G-III Apparel Group in the third quarter worth $63,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GIII shares. Barclays boosted their target price on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research report on Wednesday, December 11th. Telsey Advisory Group decreased their price objective on G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating for the company in a report on Friday. Guggenheim raised their target price on G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, December 11th. StockNews.com downgraded G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Finally, KeyCorp upped their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $33.80.

G-III Apparel Group Stock Performance

NASDAQ GIII opened at $27.06 on Tuesday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 7.10 and a beta of 2.09. The stock has a 50-day moving average of $29.34 and a 200 day moving average of $30.52. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. 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 announced its earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.30. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The business 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 company posted $0.76 EPS. The business’s quarterly revenue was up 9.8% on a year-over-year basis. Sell-side analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

G-III Apparel Group Company 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.