D. E. Shaw & Co. Inc. Has $10.22 Million Stock Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

D. E. Shaw & Co. Inc. trimmed its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 16.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 313,162 shares of the textile maker's stock after selling 63,784 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.71% of G-III Apparel Group worth $10,215,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Cubist Systematic Strategies LLC raised its holdings in shares of G-III Apparel Group by 926.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 9,001 shares of the textile maker's stock valued at $294,000 after buying an additional 8,124 shares during the last quarter. Brevan Howard Capital Management LP bought a new position in shares of G-III Apparel Group in the fourth quarter worth about $500,000. Bridgefront Capital LLC acquired a new position in shares of G-III Apparel Group during the fourth quarter worth approximately $249,000. Balyasny Asset Management L.P. bought a new stake in shares of G-III Apparel Group during the fourth quarter valued at approximately $7,628,000. Finally, BNP Paribas Financial Markets grew its stake in shares of G-III Apparel Group by 1.3% during the fourth quarter. BNP Paribas Financial Markets now owns 79,173 shares of the textile maker's stock valued at $2,583,000 after purchasing an additional 995 shares during the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

G-III Apparel Group Trading Down 0.3%

NASDAQ:GIII opened at $28.05 on Thursday. The company has a market cap of $1.23 billion, a P/E ratio of 7.36 and a beta of 1.41. G-III Apparel Group, Ltd. has a twelve month low of $20.66 and a twelve month high of $36.18. The business has a 50 day moving average price of $25.76 and a two-hundred day moving average price of $29.09. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping 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 business had revenue of $839.50 million during the quarter, compared to analysts' expectations of $808.59 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The firm's revenue was up 9.8% on a year-over-year basis. As a group, analysts expect 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.

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