Squarepoint Ops LLC Takes $2.31 Million Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Squarepoint Ops LLC purchased a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 70,755 shares of the textile maker's stock, valued at approximately $2,308,000. Squarepoint Ops LLC owned approximately 0.16% of G-III Apparel Group as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GIII. Victory Capital Management Inc. lifted its position in shares of G-III Apparel Group by 513.2% in the fourth 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 raised its stake in shares of G-III Apparel Group by 80.6% in the 4th 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 in the last quarter. Balyasny Asset Management L.P. acquired a new stake in G-III Apparel Group in the 4th quarter worth approximately $7,628,000. Point72 Asset Management L.P. boosted its position 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 period. Finally, Barclays PLC boosted its position 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 purchasing an additional 198,647 shares during the period. Institutional investors own 92.13% of the company's stock.

Analysts Set New Price Targets

GIII has been the topic of a number of recent analyst reports. UBS Group lifted their price target on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company a "neutral" rating in a research report on Friday. Wall Street Zen upgraded shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Telsey Advisory Group restated a "market perform" rating and set a $30.00 price target on shares of G-III Apparel Group in a report on Friday, April 4th. Finally, Barclays lowered their price target on 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $31.60.

G-III Apparel Group Stock Performance

GIII stock traded up $0.40 on Friday, reaching $28.85. 1,095,120 shares of the company were exchanged, compared to its average volume of 556,239. 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, Ltd. has a 12 month low of $20.66 and a 12 month high of $36.18. The stock's fifty day moving average price is $26.15 and its 200 day moving average price is $28.86. The firm has a market capitalization of $1.27 billion, a PE ratio of 7.57 and a beta of 1.41.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.30. The company had revenue of $839.50 million for the quarter, compared to analyst estimates of $808.59 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. G-III Apparel Group's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. On average, research analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

About G-III Apparel Group

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.