G-III Apparel Group, LTD. (NASDAQ:GIII) Stake Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 11.2% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 133,980 shares of the textile maker's stock after buying an additional 13,541 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.31% of G-III Apparel Group worth $3,664,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its position in shares of G-III Apparel Group by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 213,035 shares of the textile maker's stock worth $6,949,000 after acquiring an additional 3,484 shares in the last quarter. New York State Common Retirement Fund boosted its position in G-III Apparel Group by 46.6% during the 4th quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker's stock worth $1,438,000 after purchasing an additional 14,016 shares during the period. Y Intercept Hong Kong Ltd increased its holdings in G-III Apparel Group by 33.0% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 13,413 shares of the textile maker's stock valued at $438,000 after purchasing an additional 3,325 shares in the last quarter. Bank of New York Mellon Corp raised its position in G-III Apparel Group by 5.5% in the fourth quarter. Bank of New York Mellon Corp now owns 319,820 shares of the textile maker's stock valued at $10,433,000 after purchasing an additional 16,720 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in G-III Apparel Group in the fourth quarter valued at about $375,000. 92.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other G-III Apparel Group news, Director Amigo Victor Herrero purchased 5,000 shares of G-III Apparel Group stock in a transaction on Tuesday, June 24th. The stock was bought at an average price of $21.95 per share, for a total transaction of $109,750.00. Following the transaction, the director owned 54,746 shares of the company's stock, valued at $1,201,674.70. The trade was a 10.05% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 13.00% of the stock is owned by insiders.

G-III Apparel Group Price Performance

Shares of GIII stock traded up $0.13 during trading hours on Friday, reaching $23.48. The stock had a trading volume of 423,469 shares, compared to its average volume of 575,952. The firm has a market capitalization of $1.02 billion, a PE ratio of 5.43 and a beta of 1.38. The firm has a 50-day simple moving average of $25.11 and a 200-day simple moving average of $27.41. G-III Apparel Group, LTD. has a twelve month low of $20.33 and a twelve month high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings results on Friday, June 6th. The textile maker reported $0.19 EPS for the quarter, beating the consensus estimate 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 net margin of 6.20% and a return on equity of 12.65%. G-III Apparel Group's revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.12 earnings per share. On average, equities analysts anticipate that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have 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. Telsey Advisory Group lowered 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 lowered their target price on shares of G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a research note on Monday, June 9th. Barclays decreased their price target on shares of 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, KeyCorp decreased their target price on G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating for the company in a research note on Monday, June 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.