Centiva Capital LP Lowers Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Centiva Capital LP cut its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 63.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,390 shares of the textile maker's stock after selling 21,285 shares during the period. Centiva Capital LP's holdings in G-III Apparel Group were worth $404,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. American Century Companies Inc. grew its holdings in G-III Apparel Group by 11.8% during the fourth quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker's stock valued at $47,672,000 after purchasing an additional 153,913 shares during the period. Prudential Financial Inc. grew its holdings in G-III Apparel Group by 2.6% during the fourth quarter. Prudential Financial Inc. now owns 772,447 shares of the textile maker's stock valued at $25,197,000 after purchasing an additional 19,723 shares during the period. Marshall Wace LLP grew its holdings in G-III Apparel Group by 80.6% during the fourth quarter. Marshall Wace LLP now owns 766,068 shares of the textile maker's stock valued at $24,989,000 after purchasing an additional 341,870 shares during the period. Victory Capital Management Inc. grew its holdings in G-III Apparel Group by 513.2% during the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker's stock valued at $18,430,000 after purchasing an additional 472,862 shares during the period. Finally, Northern Trust Corp grew its holdings in G-III Apparel Group by 21.8% during the fourth quarter. Northern Trust Corp now owns 520,931 shares of the textile maker's stock valued at $16,993,000 after purchasing an additional 93,263 shares during the period. 92.13% of the stock is owned by institutional investors.

G-III Apparel Group Stock Performance

Shares of G-III Apparel Group stock traded down $0.09 during trading hours on Wednesday, reaching $28.05. The company had a trading volume of 376,437 shares, compared to its average volume of 555,453. G-III Apparel Group, Ltd. has a one year low of $20.66 and a one year high of $36.18. The business has a fifty day simple moving average of $25.73 and a 200 day simple moving average of $29.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The firm has a market cap of $1.23 billion, a PE ratio of 7.36 and a beta of 1.41.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last posted its quarterly earnings results on Thursday, March 13th. The textile maker reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $0.97 by $0.30. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The firm had revenue of $839.50 million during the quarter, compared to analyst estimates of $808.59 million. During the same period last year, the company earned $0.76 earnings per share. The business's revenue for the quarter was up 9.8% on a year-over-year basis. On average, analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on GIII shares. StockNews.com raised G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Tuesday. Telsey Advisory Group reissued a "market perform" rating and set a $30.00 price objective on shares of G-III Apparel Group in a report on Friday, April 4th. Barclays reduced their price objective on G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating for the company in a report on Monday, April 28th. Finally, UBS Group reduced their price objective 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $32.20.

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.