GAMMA Investing LLC Has $638,000 Holdings in G-III Apparel Group, LTD. (NASDAQ:GIII)

GAMMA Investing LLC increased its holdings in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 3,366.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 23,330 shares of the textile maker's stock after purchasing an additional 22,657 shares during the period. GAMMA Investing LLC owned 0.05% of G-III Apparel Group worth $638,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of GIII. AlphaQuest LLC bought a new position in G-III Apparel Group during the fourth quarter worth about $49,000. Smartleaf Asset Management LLC boosted its holdings in shares of G-III Apparel Group by 249.9% during the fourth 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 period. Public Employees Retirement System of Ohio bought a new stake in shares of G-III Apparel Group during the fourth quarter worth approximately $68,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of G-III Apparel Group by 18.6% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker's stock worth $117,000 after acquiring an additional 564 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of G-III Apparel Group during the fourth quarter worth approximately $172,000. Institutional investors own 92.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Telsey Advisory Group reduced their price objective on G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating for the company in a report on Monday, June 9th. UBS Group reduced their price objective on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Monday, June 9th. KeyCorp reduced their price objective on G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, June 9th. Barclays reduced their price objective on G-III Apparel Group from $21.00 to $18.00 and set an "underweight" rating for the company in a report on Monday, June 9th. Finally, Wall Street Zen cut G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. One 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 company presently has a consensus rating of "Hold" and an average target price of $27.80.

G-III Apparel Group Stock Performance

Shares of GIII stock traded up $0.51 during trading on Friday, hitting $21.96. The company had a trading volume of 2,110,183 shares, compared to its average volume of 567,688. The firm has a market capitalization of $951.09 million, a P/E ratio of 5.08 and a beta of 1.48. The stock's 50-day moving average price is $25.50 and its 200 day moving average price is $28.12. G-III Apparel Group, LTD. has a one year low of $20.33 and a one year high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings results on Friday, June 6th. The textile maker reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.06. G-III Apparel Group had a return on equity of 12.65% and a net margin of 6.20%. The business had revenue of $583.61 million during the quarter, compared to analysts' expectations of $579.48 million. During the same period in the previous year, the company posted $0.12 earnings per share. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. On average, research analysts anticipate that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal 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.