Vanguard Group Inc. Has $117.18 Million Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Vanguard Group Inc. grew its stake in G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 2.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,702,233 shares of the textile maker's stock after purchasing an additional 92,673 shares during the period. Vanguard Group Inc. owned about 10.28% of G-III Apparel Group worth $117,180,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP boosted its holdings in G-III Apparel Group by 647.6% during the second quarter. Quarry LP now owns 1,712 shares of the textile maker's stock worth $33,000 after purchasing an additional 1,483 shares during the last quarter. Strs Ohio acquired a new position in shares of G-III Apparel Group in the 3rd quarter worth approximately $34,000. Lazard Asset Management LLC acquired a new position in shares of G-III Apparel Group during the 2nd quarter valued at $34,000. Point72 Middle East FZE acquired a new position in G-III Apparel Group during the second quarter worth $40,000. Finally, Castleview Partners LLC bought a new stake in shares of G-III Apparel Group in the 3rd quarter worth $41,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

GIII has been the topic of several recent analyst reports. KeyCorp raised their target price on shares of G-III Apparel Group from $26.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, December 6th. UBS Group cut their price target on G-III Apparel Group from $34.00 to $31.00 and set a "neutral" rating for the company in a research note on Monday, March 18th. Wells Fargo & Company cut their price objective on G-III Apparel Group from $24.00 to $23.00 and set an "underweight" rating for the company in a research note on Friday, March 15th. Barclays reissued an "underweight" rating and issued a $23.00 price target (down from $30.00) on shares of G-III Apparel Group in a report on Monday, March 4th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $29.00 price objective on shares of G-III Apparel Group in a report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, G-III Apparel Group currently has a consensus rating of "Hold" and an average price target of $25.83.

G-III Apparel Group Stock Performance

NASDAQ:GIII traded up $0.44 during mid-day trading on Thursday, reaching $28.03. 669,728 shares of the stock were exchanged, compared to its average volume of 662,066. The company has a 50 day simple moving average of $30.12 and a 200-day simple moving average of $29.05. The stock has a market capitalization of $1.27 billion, a P/E ratio of 7.44 and a beta of 2.41. The company has a quick ratio of 2.31, a current ratio of 3.36 and a debt-to-equity ratio of 0.26. G-III Apparel Group, Ltd. has a 1 year low of $14.49 and a 1 year high of $35.68.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last released its quarterly earnings data on Thursday, March 14th. The textile maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm had revenue of $764.80 million during the quarter, compared to the consensus estimate of $816.98 million. G-III Apparel Group had a return on equity of 13.07% and a net margin of 5.69%. G-III Apparel Group's quarterly revenue was down 10.5% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. Analysts anticipate that G-III Apparel Group, Ltd. will post 3.55 earnings per share for the current fiscal year.

G-III Apparel Group 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.