Jackson Creek Investment Advisors LLC Takes $1.21 Million Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Jackson Creek Investment Advisors LLC bought a new position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 35,517 shares of the textile maker's stock, valued at approximately $1,207,000. Jackson Creek Investment Advisors LLC owned approximately 0.08% of G-III Apparel Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of G-III Apparel Group by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,702,233 shares of the textile maker's stock worth $117,180,000 after purchasing an additional 92,673 shares in the last quarter. Pacer Advisors Inc. increased its position in G-III Apparel Group by 155.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,620,323 shares of the textile maker's stock worth $123,019,000 after buying an additional 2,204,572 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of G-III Apparel Group by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,118,951 shares of the textile maker's stock worth $27,884,000 after acquiring an additional 60,669 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its position in shares of G-III Apparel Group by 39.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 665,539 shares of the textile maker's stock valued at $16,585,000 after acquiring an additional 189,239 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of G-III Apparel Group by 23.5% during the third quarter. Invesco Ltd. now owns 643,282 shares of the textile maker's stock valued at $16,031,000 after acquiring an additional 122,484 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company's stock.

Analysts Set New Price Targets

GIII has been the topic of a number of recent research reports. Telsey Advisory Group restated a "market perform" rating and issued a $29.00 target price on shares of G-III Apparel Group in a report on Friday, March 22nd. StockNews.com downgraded shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a research note on Tuesday, March 19th. TheStreet raised G-III Apparel Group from a "c+" rating to a "b" rating in a research report on Thursday, March 14th. Barclays restated an "underweight" rating and issued a $23.00 price objective (down from $30.00) on shares of G-III Apparel Group in a report on Monday, March 4th. Finally, Wells Fargo & Company cut their price target on shares of G-III Apparel Group from $24.00 to $23.00 and set an "underweight" rating on the stock in a report on Friday, March 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, G-III Apparel Group has a consensus rating of "Hold" and an average target price of $25.83.

G-III Apparel Group Stock Down 1.8 %

Shares of NASDAQ:GIII traded down $0.53 during mid-day trading on Tuesday, hitting $28.15. 328,368 shares of the company traded hands, compared to its average volume of 611,867. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.31 and a current ratio of 3.36. G-III Apparel Group, Ltd. has a 52-week low of $14.49 and a 52-week high of $35.68. The firm's 50 day simple moving average is $29.08 and its 200 day simple moving average is $29.55. The firm has a market cap of $1.28 billion, a P/E ratio of 7.47 and a beta of 2.41.

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