Jane Street Group LLC trimmed its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 25.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 187,748 shares of the textile maker's stock after selling 63,398 shares during the period. Jane Street Group LLC owned approximately 0.43% of G-III Apparel Group worth $6,124,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the business. AQR Capital Management LLC boosted its stake in G-III Apparel Group by 10.5% during the 4th quarter. AQR Capital Management LLC now owns 258,728 shares of the textile maker's stock worth $8,440,000 after purchasing an additional 24,546 shares during the period. Northern Trust Corp lifted its holdings in shares of 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 worth $16,993,000 after purchasing an additional 93,263 shares during the period. Two Sigma Securities LLC purchased a new position in G-III Apparel Group in the 4th quarter valued at $569,000. Price T Rowe Associates Inc. MD raised its position in G-III Apparel Group by 6.4% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 35,565 shares of the textile maker's stock worth $1,161,000 after buying an additional 2,136 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in shares of G-III Apparel Group by 101.0% in the 4th quarter. Hsbc Holdings PLC now owns 81,838 shares of the textile maker's stock worth $2,686,000 after acquiring an additional 41,118 shares during the period. 92.13% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on GIII. Telsey Advisory Group reaffirmed 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. UBS Group lowered their target price on G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Barclays decreased their price objective on shares of G-III Apparel Group from $25.00 to $21.00 and set an "underweight" rating on the stock in a research report on Monday, April 28th. Finally, StockNews.com upgraded shares of G-III Apparel Group from a "hold" rating to a "buy" rating in a report on Tuesday. 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $32.20.
Get Our Latest Stock Report on G-III Apparel Group
G-III Apparel Group Price Performance
GIII stock traded down $0.28 during trading on Thursday, hitting $27.77. The stock had a trading volume of 195,549 shares, compared to its average volume of 554,030. G-III Apparel Group, Ltd. has a 1-year low of $20.66 and a 1-year high of $36.18. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 7.30 and a beta of 1.41. The company's 50 day moving average price is $25.76 and its two-hundred day moving average price is $29.09. 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 (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. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The firm had revenue of $839.50 million during the quarter, compared to analysts' expectations of $808.59 million. During the same period in the previous year, the company earned $0.76 EPS. G-III Apparel Group's revenue for the quarter was up 9.8% on a year-over-year basis. On average, sell-side analysts forecast that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.
About G-III Apparel Group
(
Free Report)
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.
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