California Public Employees Retirement System Boosts Position in G-III Apparel Group, Ltd. (GIII)

California Public Employees Retirement System increased its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 11.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 97,244 shares of the textile maker’s stock after buying an additional 10,344 shares during the period. California Public Employees Retirement System’s holdings in G-III Apparel Group were worth $2,822,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC grew its holdings in shares of G-III Apparel Group by 17.1% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock worth $101,000 after buying an additional 580 shares in the last quarter. Flinton Capital Management LLC grew its holdings in shares of G-III Apparel Group by 87.0% during the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock worth $101,000 after buying an additional 1,876 shares in the last quarter. Zions Bancorporation bought a new position in shares of G-III Apparel Group during the third quarter worth about $151,000. Invictus RG bought a new position in shares of G-III Apparel Group during the third quarter worth about $185,000. Finally, SG Americas Securities LLC bought a new position in shares of G-III Apparel Group during the second quarter worth about $193,000.

G-III Apparel Group, Ltd. (NASDAQ GIII) opened at $40.50 on Tuesday. The company has a debt-to-equity ratio of 0.66, a current ratio of 3.52 and a quick ratio of 1.91. The firm has a market capitalization of $1,987.78, a P/E ratio of 48.21, a price-to-earnings-growth ratio of 1.79 and a beta of 0.28. G-III Apparel Group, Ltd. has a one year low of $18.00 and a one year high of $40.87.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Tuesday, December 5th. The textile maker reported $1.67 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.54 by $0.13. The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.03 billion. G-III Apparel Group had a return on equity of 5.65% and a net margin of 1.58%. The business’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. equities research analysts predict that G-III Apparel Group, Ltd. will post 1.51 EPS for the current year.

In other news, Director Bokhorst Willem Van sold 7,518 shares of G-III Apparel Group stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total transaction of $282,000.18. Following the completion of the transaction, the director now directly owns 48,667 shares in the company, valued at approximately $1,825,499.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Sammy Aaron sold 51,000 shares of G-III Apparel Group stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $33.62, for a total value of $1,714,620.00. Following the transaction, the insider now owns 556,152 shares of the company’s stock, valued at $18,697,830.24. The disclosure for this sale can be found here. 9.70% of the stock is owned by company insiders.

A number of research firms recently issued reports on GIII. Piper Jaffray Companies reiterated a “buy” rating on shares of G-III Apparel Group in a report on Wednesday, January 10th. KeyCorp reiterated a “buy” rating and set a $45.00 price objective on shares of G-III Apparel Group in a report on Thursday, January 11th. BidaskClub upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. B. Riley reiterated a “neutral” rating and set a $36.00 price objective on shares of G-III Apparel Group in a report on Friday, December 22nd. Finally, Zacks Investment Research upgraded G-III Apparel Group from a “hold” rating to a “strong-buy” rating and set a $40.00 price objective for the company in a report on Thursday, December 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $35.00.

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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.

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

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