G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP lowered its position in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,600 shares of the textile maker's stock after selling 16,000 shares during the period. Two Sigma Advisers LP owned approximately 0.19% of G-III Apparel Group worth $2,760,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AlphaQuest LLC purchased a new stake in G-III Apparel Group during the fourth quarter worth $49,000. Smartleaf Asset Management LLC boosted its position in shares of G-III Apparel Group by 249.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock worth $64,000 after buying an additional 1,412 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of G-III Apparel Group by 18.6% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker's stock worth $117,000 after buying an additional 564 shares in the last quarter. Headlands Technologies LLC acquired a new stake in G-III Apparel Group in the 4th quarter valued at about $172,000. Finally, Wealthfront Advisers LLC purchased a new position in G-III Apparel Group during the 4th quarter valued at about $215,000. Institutional investors and hedge funds own 92.13% of the company's stock.

G-III Apparel Group Trading Up 1.4%

NASDAQ GIII traded up $0.40 during mid-day trading on Friday, reaching $28.85. 1,095,120 shares of the stock were exchanged, compared to its average volume of 556,110. The stock has a market capitalization of $1.27 billion, a PE ratio of 7.57 and a beta of 1.41. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. G-III Apparel Group, Ltd. has a 1-year low of $20.66 and a 1-year high of $36.18. The business's fifty day simple moving average is $26.15 and its 200 day simple moving average is $28.83.

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 for the quarter, topping analysts' consensus estimates 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%. The business's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.76 EPS. On average, research analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen raised shares of G-III Apparel Group from a "buy" rating to a "strong-buy" rating in a report on Saturday. Barclays reduced their target price on G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating on the stock in a research note on Monday, April 28th. Telsey Advisory Group reissued a "market perform" rating and set a $30.00 price target on shares of G-III Apparel Group in a research report on Friday, April 4th. Finally, UBS Group cut their price target on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.