LSV Asset Management Has $23.16 Million Stake in G-III Apparel Group, LTD. (NASDAQ:GIII)

LSV Asset Management raised its stake in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 13.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 846,904 shares of the textile maker's stock after acquiring an additional 98,923 shares during the period. LSV Asset Management owned approximately 1.93% of G-III Apparel Group worth $23,163,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. SummerHaven Investment Management LLC raised its stake in G-III Apparel Group by 1.6% during the 1st quarter. SummerHaven Investment Management LLC now owns 29,853 shares of the textile maker's stock valued at $816,000 after purchasing an additional 461 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of G-III Apparel Group by 18.6% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker's stock valued at $117,000 after acquiring an additional 564 shares during the period. Janney Montgomery Scott LLC grew its stake in G-III Apparel Group by 5.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker's stock worth $454,000 after buying an additional 861 shares during the last quarter. BNP Paribas Financial Markets lifted its position in G-III Apparel Group by 1.3% during the 4th quarter. BNP Paribas Financial Markets now owns 79,173 shares of the textile maker's stock worth $2,583,000 after acquiring an additional 995 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of G-III Apparel Group by 7.8% in the 4th quarter. Sterling Capital Management LLC now owns 15,103 shares of the textile maker's stock valued at $493,000 after buying an additional 1,090 shares during the period. 92.13% of the stock is owned by hedge funds and other institutional investors.

G-III Apparel Group Trading Up 0.6%

GIII traded up $0.14 during trading on Tuesday, reaching $24.39. 812,225 shares of the company were exchanged, compared to its average volume of 579,051. G-III Apparel Group, LTD. has a 52 week low of $20.33 and a 52 week high of $36.18. The firm has a 50 day moving average of $23.82 and a 200 day moving average of $26.08. The stock has a market cap of $1.06 billion, a P/E ratio of 5.65 and a beta of 1.49.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its earnings results on Friday, June 6th. The textile maker reported $0.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.06. The company had revenue of $583.61 million for the quarter, compared to analyst estimates of $579.48 million. G-III Apparel Group had a return on equity of 12.65% and a net margin of 6.20%. G-III Apparel Group's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.12 earnings per share. As a group, analysts forecast that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Amigo Victor Herrero bought 5,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were bought at an average cost of $21.95 per share, with a total value of $109,750.00. Following the transaction, the director directly owned 54,746 shares in the company, valued at approximately $1,201,674.70. This trade represents a 10.05% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 13.00% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen cut G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 14th. KeyCorp reduced their price target 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 target price 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. Telsey Advisory Group lowered their price target on G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating on the stock in a research note on Monday, June 9th. Finally, UBS Group dropped their price target on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a research report on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $27.80.

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.