Carillon Tower Advisers Inc. Acquires 1,605 Shares of G-III Apparel Group, Ltd. (GIII)

Carillon Tower Advisers Inc. grew its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 2.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 80,601 shares of the textile maker’s stock after acquiring an additional 1,605 shares during the period. Carillon Tower Advisers Inc.’s holdings in G-III Apparel Group were worth $3,884,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of GIII. Rothschild & Co. Asset Management US Inc. purchased a new position in shares of G-III Apparel Group in the 3rd quarter worth $28,845,000. FMR LLC grew its stake in shares of G-III Apparel Group by 20.1% in the 3rd quarter. FMR LLC now owns 3,239,941 shares of the textile maker’s stock worth $156,132,000 after buying an additional 543,174 shares in the last quarter. Jennison Associates LLC grew its stake in shares of G-III Apparel Group by 191.4% in the 3rd quarter. Jennison Associates LLC now owns 791,197 shares of the textile maker’s stock worth $38,128,000 after buying an additional 519,672 shares in the last quarter. Copper Rock Capital Partners LLC purchased a new position in shares of G-III Apparel Group in the 3rd quarter worth $24,060,000. Finally, BlackRock Inc. grew its stake in shares of G-III Apparel Group by 6.5% in the 2nd quarter. BlackRock Inc. now owns 5,782,367 shares of the textile maker’s stock worth $256,736,000 after buying an additional 351,433 shares in the last quarter.

GIII has been the subject of a number of recent research reports. Piper Jaffray Companies set a $51.00 price objective on shares of G-III Apparel Group and gave the stock a “buy” rating in a research note on Thursday, September 6th. Needham & Company LLC set a $56.00 price objective on shares of G-III Apparel Group and gave the stock a “buy” rating in a research note on Friday, September 7th. Buckingham Research lifted their price target on shares of G-III Apparel Group from $55.00 to $57.00 and gave the stock a “buy” rating in a research note on Friday, September 7th. BidaskClub cut shares of G-III Apparel Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 19th. Finally, Cowen set a $45.00 price target on shares of G-III Apparel Group and gave the stock a “buy” rating in a research note on Thursday, October 18th. Four investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. G-III Apparel Group currently has an average rating of “Buy” and an average price target of $50.64.

GIII stock opened at $40.08 on Monday. G-III Apparel Group, Ltd. has a 12 month low of $28.81 and a 12 month high of $51.20. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.12 and a quick ratio of 0.99. The stock has a market cap of $1.97 billion, a P/E ratio of 16.91, a PEG ratio of 1.03 and a beta of 0.33.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Thursday, September 6th. The textile maker reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.19. G-III Apparel Group had a net margin of 3.39% and a return on equity of 10.67%. The firm had revenue of $624.70 million during the quarter, compared to analysts’ expectations of $590.16 million. During the same period in the previous year, the company earned ($0.15) EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, research analysts expect that G-III Apparel Group, Ltd. will post 2.61 earnings per share for the current year.

In related news, COO Wayne S. Miller sold 19,448 shares of G-III Apparel Group stock in a transaction dated Monday, October 8th. The shares were sold at an average price of $40.09, for a total transaction of $779,670.32. Following the completion of the transaction, the chief operating officer now directly owns 248,621 shares of the company’s stock, valued at approximately $9,967,215.89. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.80% of the stock is currently owned by insiders.

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G-III Apparel Group Profile

G-III Apparel Group, Ltd. designs, manufactures, and markets women's and men's apparel in the United States and internationally. The company operates in 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.

Read More: Liquidity

Want to see what other hedge funds are holding GIII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for G-III Apparel Group, Ltd. (NASDAQ:GIII).

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

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