G-III Apparel Group, LTD. (NASDAQ:GIII) Stock Holdings Increased by Victory Capital Management Inc.

Victory Capital Management Inc. raised its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII - Free Report) by 25.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 706,288 shares of the textile maker's stock after purchasing an additional 141,290 shares during the period. Victory Capital Management Inc. owned 1.61% of G-III Apparel Group worth $19,317,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SummerHaven Investment Management LLC increased its position in G-III Apparel Group by 1.6% during the first quarter. SummerHaven Investment Management LLC now owns 29,853 shares of the textile maker's stock worth $816,000 after purchasing an additional 461 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of G-III Apparel Group by 18.6% in the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker's stock worth $117,000 after acquiring an additional 564 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of G-III Apparel Group by 5.5% in the first quarter. Janney Montgomery Scott LLC now owns 16,600 shares of the textile maker's stock worth $454,000 after acquiring an additional 861 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of G-III Apparel Group by 1.3% in the fourth quarter. BNP Paribas Financial Markets now owns 79,173 shares of the textile maker's stock worth $2,583,000 after acquiring an additional 995 shares in the last quarter. Finally, Sterling Capital Management LLC increased its position in shares of G-III Apparel Group by 7.8% in the fourth quarter. Sterling Capital Management LLC now owns 15,103 shares of the textile maker's stock worth $493,000 after acquiring an additional 1,090 shares in the last quarter. Institutional investors and hedge funds own 92.13% of the company's stock.

Insiders Place Their Bets

In related news, Director Amigo Victor Herrero purchased 5,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were bought at an average cost of $21.95 per share, for a total transaction of $109,750.00. Following the transaction, the director owned 54,746 shares of the company's stock, valued at $1,201,674.70. This represents a 10.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 13.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GIII has been the subject of several recent research reports. Wall Street Zen lowered shares of G-III Apparel Group from a "strong-buy" rating to a "hold" rating in a research report on Saturday, June 14th. Barclays dropped 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 research report on Monday, June 9th. KeyCorp lowered their price target on shares of G-III Apparel Group from $40.00 to $30.00 and set an "overweight" rating for the company in a report on Monday, June 9th. Telsey Advisory Group lowered their price target on shares of G-III Apparel Group from $30.00 to $27.00 and set a "market perform" rating for the company in a report on Monday, June 9th. Finally, UBS Group lowered their price target on shares of G-III Apparel Group from $29.00 to $26.00 and set a "neutral" rating for the company in a report on Monday, June 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.80.

G-III Apparel Group Trading Up 0.4%

GIII stock traded up $0.09 during mid-day trading on Friday, hitting $24.09. 451,163 shares of the company were exchanged, compared to its average volume of 680,648. The company has a market capitalization of $1.04 billion, a PE ratio of 5.58 and a beta of 1.38. G-III Apparel Group, LTD. has a twelve month low of $20.33 and a twelve month high of $36.18. The firm has a fifty day simple moving average of $24.28 and a 200 day simple moving average of $26.41.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings data on Friday, June 6th. The textile maker reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. G-III Apparel Group had a net margin of 6.20% and a return on equity of 12.65%. The company had revenue of $583.61 million during the quarter, compared to analyst estimates of $579.48 million. During the same period last year, the business earned $0.12 EPS. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current 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.