First Trust Advisors LP Acquires 56,950 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

First Trust Advisors LP increased its position in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 65.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,942 shares of the textile maker's stock after buying an additional 56,950 shares during the quarter. First Trust Advisors LP owned 0.33% of G-III Apparel Group worth $4,695,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Zacks Investment Management bought a new stake in shares of G-III Apparel Group in the 4th quarter worth approximately $1,185,000. Marshall Wace LLP boosted its holdings in G-III Apparel Group by 80.6% in the fourth 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. XTX Topco Ltd boosted its holdings in G-III Apparel Group by 241.0% in the fourth quarter. XTX Topco Ltd now owns 23,811 shares of the textile maker's stock valued at $777,000 after acquiring an additional 16,828 shares in the last quarter. Barclays PLC increased its position in G-III Apparel Group by 34.9% during the 4th quarter. Barclays PLC now owns 381,316 shares of the textile maker's stock valued at $12,439,000 after purchasing an additional 98,655 shares during the period. Finally, Bragg Financial Advisors Inc raised its holdings in G-III Apparel Group by 0.4% in the 4th quarter. Bragg Financial Advisors Inc now owns 515,008 shares of the textile maker's stock worth $16,800,000 after purchasing an additional 2,192 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors.

G-III Apparel Group Stock Down 0.4 %

Shares of GIII stock traded down $0.11 during trading hours on Monday, hitting $25.45. 296,159 shares of the company's stock traded hands, compared to its average volume of 555,659. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The stock's fifty day simple moving average is $25.69 and its two-hundred day simple moving average is $29.31. G-III Apparel Group, Ltd. has a 12-month low of $20.66 and a 12-month high of $36.18. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 6.68 and a beta of 1.63.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping the consensus estimate of $0.97 by $0.30. The business 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 company's revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share. On average, analysts expect that G-III Apparel Group, Ltd. will post 4.16 EPS for the current year.

Analyst Ratings Changes

GIII has been the topic of several research analyst reports. StockNews.com cut shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. 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 report on Monday, April 28th. Telsey Advisory Group restated a "market perform" rating and issued a $30.00 target price on shares of G-III Apparel Group in a research note on Friday, April 4th. Finally, UBS Group reduced their price target on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. One research 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's stock. Based on data from MarketBeat.com, G-III Apparel Group currently has a consensus rating of "Hold" 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.