Point72 Asset Management L.P. Has $12.43 Million Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Point72 Asset Management L.P. boosted its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 111.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 381,126 shares of the textile maker's stock after acquiring an additional 201,126 shares during the period. Point72 Asset Management L.P. owned approximately 0.87% of G-III Apparel Group worth $12,432,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in GIII. ProShare Advisors LLC raised its position in shares of G-III Apparel Group by 39.7% during the fourth quarter. ProShare Advisors LLC now owns 11,764 shares of the textile maker's stock worth $384,000 after purchasing an additional 3,346 shares during the period. Lazard Asset Management LLC increased its stake in G-III Apparel Group by 38.7% during the 4th quarter. Lazard Asset Management LLC now owns 36,187 shares of the textile maker's stock worth $1,178,000 after purchasing an additional 10,097 shares in the last quarter. Gotham Asset Management LLC increased its stake in G-III Apparel Group by 32.9% during the 4th quarter. Gotham Asset Management LLC now owns 9,473 shares of the textile maker's stock worth $309,000 after purchasing an additional 2,347 shares in the last quarter. Deutsche Bank AG raised its holdings in G-III Apparel Group by 13.5% during the 4th quarter. Deutsche Bank AG now owns 94,894 shares of the textile maker's stock worth $3,095,000 after buying an additional 11,285 shares during the period. Finally, Cubist Systematic Strategies LLC raised its holdings in G-III Apparel Group by 926.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 9,001 shares of the textile maker's stock worth $294,000 after buying an additional 8,124 shares during the period. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group Stock Down 1.0%

GIII traded down $0.27 during trading hours on Friday, hitting $27.24. 172,154 shares of the company's stock were exchanged, compared to its average volume of 553,015. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 7.15 and a beta of 1.41. G-III Apparel Group, Ltd. has a 1-year low of $20.66 and a 1-year high of $36.18. The stock's 50-day moving average is $25.97 and its two-hundred day moving average is $28.98. 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 issued its quarterly 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 firm had revenue of $839.50 million for the quarter, compared to analysts' expectations of $808.59 million. During the same period in the previous year, the firm posted $0.76 EPS. The company's revenue for the quarter was up 9.8% on a year-over-year basis. Sell-side analysts predict that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on GIII shares. Telsey Advisory Group reissued a "market perform" rating and set a $30.00 price objective on shares of G-III Apparel Group in a research report on Friday, April 4th. Wall Street Zen raised shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. 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. Finally, UBS Group cut their price target on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, G-III Apparel Group currently has an average rating of "Hold" and an average price target of $32.20.

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.