EMC Capital Management Increases Stock Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

EMC Capital Management boosted its stake in G-III Apparel Group, Ltd. (NASDAQ:GIIIFree Report) by 217.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,935 shares of the textile maker’s stock after purchasing an additional 5,435 shares during the quarter. EMC Capital Management’s holdings in G-III Apparel Group were worth $198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Great West Life Assurance Co. Can raised its stake in G-III Apparel Group by 1.1% in the first quarter. Great West Life Assurance Co. Can now owns 39,973 shares of the textile maker’s stock valued at $1,112,000 after purchasing an additional 428 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of G-III Apparel Group by 2.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 27,455 shares of the textile maker’s stock worth $427,000 after acquiring an additional 623 shares in the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of G-III Apparel Group by 3.2% during the second quarter. Y Intercept Hong Kong Ltd now owns 21,557 shares of the textile maker’s stock worth $415,000 after acquiring an additional 660 shares in the last quarter. Great Lakes Advisors LLC raised its stake in shares of G-III Apparel Group by 0.3% during the third quarter. Great Lakes Advisors LLC now owns 233,916 shares of the textile maker’s stock worth $5,829,000 after acquiring an additional 735 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky raised its stake in shares of G-III Apparel Group by 5.2% during the second quarter. Teachers Retirement System of The State of Kentucky now owns 15,340 shares of the textile maker’s stock worth $296,000 after acquiring an additional 762 shares in the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Neal Nackman sold 31,762 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $35.29, for a total transaction of $1,120,880.98. Following the sale, the chief financial officer now owns 55,977 shares in the company, valued at approximately $1,975,428.33. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 11.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Telsey Advisory Group lifted their price target on shares of G-III Apparel Group from $24.00 to $30.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 6th. Barclays raised their target price on shares of G-III Apparel Group from $23.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 6th. Wells Fargo & Company cut shares of G-III Apparel Group from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $30.00 to $24.00 in a report on Tuesday, January 16th. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Friday. Finally, UBS Group raised their target price on shares of G-III Apparel Group from $25.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, G-III Apparel Group currently has a consensus rating of “Hold” and a consensus target price of $27.00.

Read Our Latest Analysis on G-III Apparel Group

G-III Apparel Group Trading Up 0.8 %

NASDAQ:GIII opened at $31.87 on Tuesday. The firm’s fifty day simple moving average is $31.95 and its 200 day simple moving average is $26.80. G-III Apparel Group, Ltd. has a twelve month low of $13.59 and a twelve month high of $35.68. The company has a current ratio of 2.84, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27.

G-III Apparel Group (NASDAQ:GIIIGet Free Report) last released its quarterly earnings results on Tuesday, December 5th. The textile maker reported $2.78 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.70. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.13 billion. G-III Apparel Group had a negative net margin of 3.57% and a positive return on equity of 12.32%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 earnings per share. Equities analysts predict that G-III Apparel Group, Ltd. will post 3.97 earnings per share for the current fiscal year.

G-III Apparel Group Company Profile

(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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Institutional Ownership by Quarter for G-III Apparel Group (NASDAQ:GIII)

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