XTX Topco Ltd Has $777,000 Stock Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

XTX Topco Ltd boosted its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII - Free Report) by 241.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,811 shares of the textile maker's stock after acquiring an additional 16,828 shares during the quarter. XTX Topco Ltd owned approximately 0.05% of G-III Apparel Group worth $777,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. raised its position 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 acquiring an additional 153,913 shares in the last quarter. Geode Capital Management LLC raised its position in G-III Apparel Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker's stock valued at $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 valued at $25,197,000 after acquiring an additional 19,723 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of G-III Apparel Group by 513.2% in 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, Bragg Financial Advisors Inc raised 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. Institutional investors own 92.13% of the company's stock.

G-III Apparel Group Stock Performance

Shares of G-III Apparel Group stock traded up $0.16 during midday trading on Wednesday, hitting $24.87. The company had a trading volume of 154,325 shares, compared to its average volume of 553,997. The business's 50 day simple moving average is $26.25 and its two-hundred day simple moving average is $29.63. The stock has a market cap of $1.09 billion, a PE ratio of 6.53 and a beta of 1.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. G-III Apparel Group, Ltd. has a 1-year low of $20.66 and a 1-year high of $36.18.

G-III Apparel Group (NASDAQ:GIII - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share (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 business had revenue of $839.50 million for the quarter, compared to the consensus estimate of $808.59 million. During the same quarter last year, the company posted $0.76 earnings per share. G-III Apparel Group's quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities analysts predict that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on GIII shares. StockNews.com lowered shares of G-III Apparel Group from a "buy" rating to a "hold" rating in a research report on Wednesday, April 9th. Barclays dropped their price target on shares of G-III Apparel Group from $29.00 to $25.00 and set an "underweight" rating on the stock in a research report on Tuesday, March 18th. UBS Group dropped 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. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $30.00 price target on shares of G-III Apparel Group in a research report on Friday, April 4th. 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $33.00.

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.