G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC raised its stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 38.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 36,187 shares of the textile maker's stock after purchasing an additional 10,097 shares during the period. Lazard Asset Management LLC owned 0.08% of G-III Apparel Group worth $1,178,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Victory Capital Management Inc. increased its holdings in shares of G-III Apparel Group by 513.2% during the 4th quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker's stock worth $18,430,000 after buying an additional 472,862 shares during the last quarter. Marshall Wace LLP grew its position in G-III Apparel Group by 80.6% during the fourth quarter. Marshall Wace LLP now owns 766,068 shares of the textile maker's stock valued at $24,989,000 after acquiring an additional 341,870 shares during the period. Balyasny Asset Management L.P. acquired a new stake in G-III Apparel Group during the fourth quarter worth about $7,628,000. Barclays PLC increased its stake in G-III Apparel Group by 236.4% during the third quarter. Barclays PLC now owns 282,661 shares of the textile maker's stock worth $8,627,000 after acquiring an additional 198,647 shares during the last quarter. Finally, Foundry Partners LLC purchased a new position in shares of G-III Apparel Group in the 4th quarter worth about $6,094,000. Hedge funds and other institutional investors own 92.13% of the company's stock.

Analyst Upgrades and Downgrades

GIII has been the subject of a number of research reports. Wall Street Zen upgraded G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Barclays reduced their price target on shares of G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. UBS Group dropped their price objective 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. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $30.00 target price on shares of G-III Apparel Group in a research note on Friday, April 4th. 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. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $32.20.

G-III Apparel Group Stock Down 0.9%

G-III Apparel Group stock traded down $0.24 during midday trading on Friday, hitting $27.27. 490,040 shares of the company were exchanged, compared to its average volume of 554,241. The company has a market cap of $1.20 billion, a PE ratio of 7.16 and a beta of 1.41. G-III Apparel Group, Ltd. has a fifty-two week low of $20.66 and a fifty-two week high of $36.18. The company's fifty day moving average price is $25.97 and its 200-day moving average price is $28.98. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last issued its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.30. The firm had revenue of $839.50 million for the quarter, compared to analyst estimates 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 in the previous year, the business posted $0.76 EPS. On average, research analysts predict that G-III Apparel Group, Ltd. will post 4.16 EPS 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.