G-III Apparel Group, LTD. (GIII) Shares Bought by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan increased its position in G-III Apparel Group, LTD. (NASDAQ:GIII) by 50.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,570 shares of the textile maker’s stock after acquiring an additional 5,240 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in G-III Apparel Group were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of GIII. Teachers Advisors LLC raised its stake in G-III Apparel Group by 7.8% in the 1st quarter. Teachers Advisors LLC now owns 76,457 shares of the textile maker’s stock worth $1,674,000 after acquiring an additional 5,560 shares during the last quarter. UBS Group AG raised its stake in shares of G-III Apparel Group by 85.7% during the 1st quarter. UBS Group AG now owns 5,850 shares of the textile maker’s stock valued at $128,000 after buying an additional 2,699 shares during the last quarter. State Street Corp raised its stake in shares of G-III Apparel Group by 6.6% during the 1st quarter. State Street Corp now owns 992,480 shares of the textile maker’s stock valued at $21,722,000 after buying an additional 61,566 shares during the last quarter. Aperio Group LLC purchased a new position in shares of G-III Apparel Group during the 2nd quarter valued at about $204,000. Finally, Great West Life Assurance Co. Can raised its stake in shares of G-III Apparel Group by 3.4% during the 2nd quarter. Great West Life Assurance Co. Can now owns 62,302 shares of the textile maker’s stock valued at $1,553,000 after buying an additional 2,050 shares during the last quarter.

Shares of G-III Apparel Group, LTD. (NASDAQ GIII) opened at $35.07 on Thursday. G-III Apparel Group, LTD. has a 12-month low of $18.00 and a 12-month high of $35.95. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.09 and a current ratio of 2.75. The company has a market capitalization of $1,672.41, a PE ratio of 29.07, a PEG ratio of 1.56 and a beta of 0.29.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Tuesday, December 5th. The textile maker reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.13. G-III Apparel Group had a return on equity of 5.77% and a net margin of 1.58%. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm earned $1.50 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. analysts predict that G-III Apparel Group, LTD. will post 1.47 earnings per share for the current fiscal year.

In other news, COO Wayne S. Miller sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the sale, the chief operating officer now directly owns 269,531 shares in the company, valued at approximately $7,967,336.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Feller sold 2,000 shares of the firm’s stock in a transaction dated Thursday, September 28th. The shares were sold at an average price of $29.22, for a total value of $58,440.00. Following the sale, the director now owns 20,609 shares in the company, valued at $602,194.98. The disclosure for this sale can be found here. Insiders have sold a total of 57,000 shares of company stock worth $1,682,990 over the last 90 days. Insiders own 9.60% of the company’s stock.

A number of equities analysts have weighed in on the company. B. Riley reiterated a “buy” rating on shares of G-III Apparel Group in a research note on Wednesday, November 1st. Piper Jaffray Companies set a $33.00 price objective on G-III Apparel Group and gave the company a “buy” rating in a research note on Thursday, November 30th. Cowen set a $23.00 price objective on G-III Apparel Group and gave the company a “hold” rating in a research note on Monday, August 14th. BidaskClub lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Finally, Telsey Advisory Group lifted their price objective on G-III Apparel Group from $36.00 to $39.00 and gave the company an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. G-III Apparel Group currently has a consensus rating of “Buy” and an average target price of $34.18.

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G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.

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

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