AQR Capital Management LLC Grows Stock Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

AQR Capital Management LLC increased its stake in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 10.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 258,728 shares of the textile maker's stock after acquiring an additional 24,546 shares during the quarter. AQR Capital Management LLC owned 0.59% of G-III Apparel Group worth $8,440,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. American Century Companies Inc. increased its stake in G-III Apparel Group by 11.8% during the 4th quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker's stock valued at $47,672,000 after purchasing an additional 153,913 shares in the last quarter. Prudential Financial Inc. boosted its stake in G-III Apparel Group by 2.6% during the 4th quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker's stock valued at $25,197,000 after purchasing an additional 19,723 shares during the last quarter. Marshall Wace LLP increased its holdings in G-III Apparel Group by 80.6% during the 4th quarter. Marshall Wace LLP now owns 766,068 shares of the textile maker's stock worth $24,989,000 after purchasing an additional 341,870 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of G-III Apparel Group by 513.2% in the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker's stock valued at $18,430,000 after purchasing an additional 472,862 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of G-III Apparel Group by 21.8% during the fourth quarter. Northern Trust Corp now owns 520,931 shares of the textile maker's stock valued at $16,993,000 after buying an additional 93,263 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on GIII shares. Telsey Advisory Group reiterated a "market perform" rating and issued a $30.00 target price on shares of G-III Apparel Group in a research note on Friday, April 4th. UBS Group decreased their price objective on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. StockNews.com downgraded G-III Apparel Group from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. Finally, Barclays lowered their target price on G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, G-III Apparel Group has an average rating of "Hold" and a consensus target price of $32.20.

G-III Apparel Group Stock Performance

GIII stock traded up $1.56 during midday trading on Monday, reaching $27.98. 43,015 shares of the company's stock traded hands, compared to its average volume of 553,884. G-III Apparel Group, Ltd. has a 52 week low of $20.66 and a 52 week high of $36.18. The company has a 50-day moving average price of $25.65 and a two-hundred day moving average price of $29.12. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. The firm has a market capitalization of $1.23 billion, a PE ratio of 7.38 and a beta of 1.41.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, beating 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 analysts' expectations of $808.59 million. During the same quarter in the previous year, the company earned $0.76 earnings per share. G-III Apparel Group's revenue for the quarter was up 9.8% on a year-over-year basis. As a group, equities analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 EPS for the current 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.