Barclays PLC Boosts Stock Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Barclays PLC lifted its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 34.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 381,316 shares of the textile maker's stock after purchasing an additional 98,655 shares during the period. Barclays PLC owned about 0.87% of G-III Apparel Group worth $12,439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in GIII. Sanctuary Advisors LLC grew its position in shares of G-III Apparel Group by 4.3% in the 4th quarter. Sanctuary Advisors LLC now owns 15,195 shares of the textile maker's stock valued at $500,000 after buying an additional 631 shares during the last quarter. Vestcor Inc grew its stake in shares of G-III Apparel Group by 2.1% in the 4th quarter. Vestcor Inc now owns 31,988 shares of the textile maker's stock valued at $1,043,000 after buying an additional 665 shares during the period. Atria Investments Inc grew its stake in G-III Apparel Group by 9.1% in the fourth quarter. Atria Investments Inc now owns 8,102 shares of the textile maker's stock valued at $264,000 after acquiring an additional 673 shares during the period. Sterling Capital Management LLC increased its stake in G-III Apparel Group by 7.8% during the 4th quarter. Sterling Capital Management LLC now owns 15,103 shares of the textile maker's stock valued at $493,000 after purchasing an additional 1,090 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in shares of G-III Apparel Group by 249.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock worth $64,000 after acquiring an additional 1,412 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company's stock.

G-III Apparel Group Price Performance

GIII stock traded up $0.36 during midday trading on Friday, reaching $25.87. The company had a trading volume of 345,290 shares, compared to its average volume of 555,026. G-III Apparel Group, Ltd. has a 1 year low of $20.66 and a 1 year high of $36.18. 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 has a market capitalization of $1.14 billion, a P/E ratio of 6.79 and a beta of 1.63. The firm has a 50-day moving average price of $25.99 and a 200-day moving average price of $29.55.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.30. The business had revenue of $839.50 million during the quarter, compared to analyst estimates of $808.59 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. G-III Apparel Group's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. On average, research analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Telsey Advisory Group reissued a "market perform" rating and issued a $30.00 price target on shares of G-III Apparel Group in a research report on Friday, April 4th. UBS Group dropped their price objective on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Barclays cut their target price on shares of G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating for the company in a research report on Tuesday, March 18th. Finally, StockNews.com cut G-III Apparel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $33.00.

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.