G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP raised its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 80.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 766,068 shares of the textile maker's stock after purchasing an additional 341,870 shares during the quarter. Marshall Wace LLP owned 1.75% of G-III Apparel Group worth $24,989,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of GIII. 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 worth $47,672,000 after acquiring an additional 153,913 shares during the period. Geode Capital Management LLC increased its holdings in G-III Apparel Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker's stock worth $29,833,000 after acquiring an additional 11,196 shares in the last quarter. Prudential Financial Inc. raised its position 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 worth $25,197,000 after acquiring an additional 19,723 shares during the period. Victory Capital Management Inc. lifted 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 in the last quarter. Finally, Bragg Financial Advisors Inc grew its position in shares of G-III Apparel Group by 0.4% in the fourth quarter. Bragg Financial Advisors Inc now owns 515,008 shares of the textile maker's stock valued at $16,800,000 after purchasing an additional 2,192 shares during the period. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GIII. StockNews.com lowered G-III Apparel Group from a "buy" rating to a "hold" rating in a report on Wednesday, April 9th. UBS Group lowered their price target on shares of G-III Apparel Group from $37.00 to $32.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 4th. Telsey Advisory Group reiterated a "market perform" rating and issued a $30.00 price objective on shares of G-III Apparel Group in a report on Friday, April 4th. Finally, Barclays lowered their target price on G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating on the stock in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $33.00.

G-III Apparel Group Stock Up 0.5 %

Shares of NASDAQ:GIII traded up $0.14 during trading on Friday, hitting $25.65. The company's stock had a trading volume of 123,586 shares, compared to its average volume of 553,611. The company has a market capitalization of $1.13 billion, a PE ratio of 6.75 and a beta of 1.63. 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 fifty-two week low of $20.66 and a fifty-two week high of $36.18. The business has a 50 day moving average price of $26.07 and a two-hundred day moving average price of $29.57.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.30. The business had revenue of $839.50 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $0.76 earnings per share. As a group, research analysts expect that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

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.