State of Wyoming Purchases 10,231 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

State of Wyoming lifted its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 177.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 15,986 shares of the textile maker's stock after acquiring an additional 10,231 shares during the quarter. State of Wyoming's holdings in G-III Apparel Group were worth $521,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. lifted its holdings in G-III Apparel Group by 18.6% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker's stock valued at $117,000 after purchasing an additional 564 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of G-III Apparel Group by 111.7% in the fourth quarter. Point72 Asset Management L.P. now owns 381,126 shares of the textile maker's stock valued at $12,432,000 after purchasing an additional 201,126 shares during the period. ProShare Advisors LLC lifted its stake in shares of G-III Apparel Group by 39.7% during the 4th quarter. ProShare Advisors LLC now owns 11,764 shares of the textile maker's stock valued at $384,000 after buying an additional 3,346 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in G-III Apparel Group by 38.7% in the 4th quarter. Lazard Asset Management LLC now owns 36,187 shares of the textile maker's stock worth $1,178,000 after buying an additional 10,097 shares during the period. Finally, Gotham Asset Management LLC boosted its holdings in G-III Apparel Group by 32.9% in the 4th quarter. Gotham Asset Management LLC now owns 9,473 shares of the textile maker's stock worth $309,000 after buying an additional 2,347 shares during the period. Hedge funds and other institutional investors own 92.13% of the company's stock.

G-III Apparel Group Price Performance

NASDAQ:GIII opened at $28.31 on Tuesday. G-III Apparel Group, Ltd. has a 52-week low of $20.66 and a 52-week high of $36.18. The stock has a fifty day moving average of $25.90 and a 200 day moving average of $29.01. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 7.43 and a beta of 1.41.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.30. The firm had revenue of $839.50 million during the quarter, compared to the consensus estimate of $808.59 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter last year, the company posted $0.76 EPS. On average, research analysts expect that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GIII has been the topic of several recent research reports. Telsey Advisory Group restated a "market perform" rating and set a $30.00 target price on shares of G-III Apparel Group in a research report on Friday, April 4th. UBS Group dropped their price objective 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. StockNews.com upgraded G-III Apparel Group from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Barclays decreased 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $32.20.

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.

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