G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC trimmed its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 11.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 614,200 shares of the textile maker's stock after selling 76,522 shares during the period. G-III Apparel Group accounts for about 0.4% of Bridgeway Capital Management LLC's holdings, making the stock its 28th biggest holding. Bridgeway Capital Management LLC owned 1.40% of G-III Apparel Group worth $20,035,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. AlphaQuest LLC acquired a new stake in G-III Apparel Group during the fourth quarter worth about $49,000. Smartleaf Asset Management LLC increased its holdings in shares of 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. Headlands Technologies LLC purchased a new stake in shares of G-III Apparel Group during the 4th quarter valued at approximately $172,000. Virtu Financial LLC acquired a new position in G-III Apparel Group in the third quarter valued at approximately $211,000. Finally, Wealthfront Advisers LLC purchased a new position in G-III Apparel Group in the fourth quarter worth approximately $215,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

G-III Apparel Group Stock Down 1.2 %

Shares of NASDAQ GIII traded down $0.31 during midday trading on Friday, hitting $26.44. The company's stock had a trading volume of 269,521 shares, compared to its average volume of 555,858. 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 firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 6.94 and a beta of 1.41. The business's fifty day simple moving average is $25.65 and its two-hundred day simple moving average is $29.13. G-III Apparel Group, Ltd. has a 1 year low of $20.66 and a 1 year high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, beating the consensus estimate of $0.97 by $0.30. The company had revenue of $839.50 million during the quarter, compared to analysts' expectations of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm's revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. On average, equities analysts predict that G-III Apparel Group, Ltd. will post 4.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com lowered G-III Apparel Group from a "buy" rating to a "hold" rating in a research note on Wednesday, April 9th. UBS Group decreased their target price on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Barclays dropped their price target on shares of G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating for the company in a research report on Monday, April 28th. Finally, Telsey Advisory Group restated a "market perform" rating and issued a $30.00 price objective on shares of G-III Apparel Group in a report on Friday, April 4th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $32.20.

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.