Deutsche Bank AG Buys 11,285 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Deutsche Bank AG grew its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 13.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 94,894 shares of the textile maker's stock after acquiring an additional 11,285 shares during the period. Deutsche Bank AG owned about 0.22% of G-III Apparel Group worth $3,095,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. AlphaQuest LLC bought a new position in G-III Apparel Group during the 4th quarter worth approximately $49,000. Smartleaf Asset Management LLC lifted its holdings in G-III Apparel Group by 249.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock valued at $64,000 after buying an additional 1,412 shares during the period. Headlands Technologies LLC bought a new stake in G-III Apparel Group during the fourth quarter valued at $172,000. Wealthfront Advisers LLC bought a new stake in G-III Apparel Group during the fourth quarter valued at $215,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in G-III Apparel Group during the 4th quarter worth about $224,000. Institutional investors and hedge funds own 92.13% of the company's stock.

G-III Apparel Group Stock Down 0.9%

G-III Apparel Group stock traded down $0.24 during midday trading on Monday, reaching $27.27. The stock had a trading volume of 490,040 shares, compared to its average volume of 554,796. The company has a fifty day moving average price of $26.01 and a two-hundred day moving average price of $28.90. The company has a market capitalization of $1.20 billion, a P/E ratio of 7.16 and a beta of 1.41. 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 12 month low of $20.66 and a 12 month high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released 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 return on equity of 11.66% and a net margin of 5.59%. The firm had revenue of $839.50 million during the quarter, compared to the consensus estimate of $808.59 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company's quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts expect that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on GIII. 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 lowered their target price on 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. Telsey Advisory Group restated a "market perform" rating and set a $30.00 price target on shares of G-III Apparel Group in a report on Friday, April 4th. Finally, Wall Street Zen raised shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $32.20.

About G-III Apparel Group

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.