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

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

A number of other institutional investors have also recently bought and sold shares of GIII. Victory Capital Management Inc. grew its holdings in G-III Apparel Group by 513.2% during the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker's stock worth $18,430,000 after purchasing an additional 472,862 shares during the period. Marshall Wace LLP raised its holdings in shares of 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 purchasing an additional 341,870 shares during the period. Balyasny Asset Management L.P. acquired a new position in G-III Apparel Group during the 4th quarter valued at about $7,628,000. Point72 Asset Management L.P. boosted its holdings in G-III Apparel Group by 111.7% during the fourth quarter. Point72 Asset Management L.P. now owns 381,126 shares of the textile maker's stock worth $12,432,000 after purchasing an additional 201,126 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. Institutional investors and hedge funds own 92.13% of the company's stock.

Insiders Place Their Bets

In other G-III Apparel Group news, Director Amigo Victor Herrero bought 5,000 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The stock was purchased at an average cost of $21.95 per share, for a total transaction of $109,750.00. Following the completion of the purchase, the director owned 54,746 shares of the company's stock, valued at $1,201,674.70. This trade represents a 10.05% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.00% of the company's stock.

G-III Apparel Group Price Performance

NASDAQ GIII traded up $0.13 during midday trading on Thursday, hitting $23.48. 423,456 shares of the company traded hands, compared to its average volume of 574,707. The company has a market cap of $1.02 billion, a PE ratio of 5.43 and a beta of 1.38. G-III Apparel Group, LTD. has a 52 week low of $20.33 and a 52 week high of $36.18. The company's 50-day simple moving average is $25.19 and its 200-day simple moving average is $27.57.

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, beating analysts' consensus estimates of $0.13 by $0.06. The firm 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%. The business's revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 EPS. On average, research analysts predict that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

Analysts Set New Price Targets

GIII has been the topic of a number of analyst reports. UBS Group decreased their price objective on G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating on the stock in a research note on Monday, June 9th. Barclays decreased their price objective 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. KeyCorp reduced their target price on shares of G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating on the stock in a research report on Monday, June 9th. Wall Street Zen downgraded G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, Telsey Advisory Group decreased their target price on shares of G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating for the company in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.