Universal Beteiligungs und Servicegesellschaft mbH Takes $3.97 Million Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 121,705 shares of the textile maker's stock, valued at approximately $3,970,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.28% of G-III Apparel Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of GIII. AlphaQuest LLC bought a new stake in shares of G-III Apparel Group during the 4th quarter worth about $49,000. Smartleaf Asset Management LLC raised its holdings in G-III Apparel Group by 249.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker's stock worth $64,000 after purchasing an additional 1,412 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in G-III Apparel Group in the fourth quarter worth approximately $68,000. Point72 Asia Singapore Pte. Ltd. boosted its stake in G-III Apparel Group by 18.6% during the 4th 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 in the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of G-III Apparel Group during the 4th quarter valued at $172,000. Institutional investors own 92.13% of the company's stock.

G-III Apparel Group Stock Up 1.4%

Shares of NASDAQ:GIII traded up $0.39 during midday trading on Tuesday, hitting $29.09. 663,037 shares of the stock were exchanged, compared to its average volume of 557,366. The business's fifty day simple moving average is $26.17 and its two-hundred day simple moving average is $28.82. 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 52-week low of $20.66 and a 52-week high of $36.18. The company has a market capitalization of $1.28 billion, a PE ratio of 7.64 and a beta of 1.41.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.30. The firm had revenue of $839.50 million for 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 firm's revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.76 earnings per share. As a group, research analysts predict that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on GIII shares. Barclays dropped their price target on G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating on the stock in a report on Monday, April 28th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $30.00 target price on shares of G-III Apparel Group in a research report on Monday. UBS Group reduced their target price 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. Finally, Wall Street Zen upgraded G-III Apparel Group from a "buy" rating to a "strong-buy" rating in a report on Saturday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average 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.