26,930 Shares in G-III Apparel Group, Ltd. (NASDAQ:GIII) Acquired by Islay Capital Management LLC

Islay Capital Management LLC acquired a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 26,930 shares of the textile maker’s stock, valued at approximately $878,000. Islay Capital Management LLC owned about 0.06% of G-III Apparel Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of GIII. New York State Common Retirement Fund increased its stake in shares of G-III Apparel Group by 46.6% in the 4th quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker’s stock valued at $1,438,000 after acquiring an additional 14,016 shares during the last quarter. Vestcor Inc increased its stake in G-III Apparel Group by 197.7% in the third quarter. Vestcor Inc now owns 31,323 shares of the textile maker’s stock valued at $956,000 after purchasing an additional 20,800 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in G-III Apparel Group by 80.9% in the third quarter. JPMorgan Chase & Co. now owns 133,518 shares of the textile maker’s stock worth $4,075,000 after purchasing an additional 59,718 shares during the period. Victory Capital Management Inc. boosted its position in shares of G-III Apparel Group by 513.2% during the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock worth $18,430,000 after purchasing an additional 472,862 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of G-III Apparel Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock valued at $29,833,000 after buying an additional 11,196 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on GIII shares. KeyCorp raised their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Wednesday, March 26th. Barclays cut their price objective on G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating on the stock in a report on Tuesday, March 18th. Telsey Advisory Group reissued a “market perform” rating and set a $30.00 target price on shares of G-III Apparel Group in a research note on Friday. Finally, Guggenheim lifted their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.00.

G-III Apparel Group Stock Up 0.9 %

Shares of G-III Apparel Group stock opened at $25.60 on Friday. The firm has a market cap of $1.12 billion, a PE ratio of 6.72 and a beta of 2.09. The business’s 50 day simple moving average is $28.07 and its 200 day simple moving average is $30.27. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. G-III Apparel Group, Ltd. has a 52-week low of $20.66 and a 52-week high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $839.50 million for the quarter, compared to the consensus estimate of $808.59 million. During the same period last year, the company earned $0.76 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. On average, analysts predict that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current fiscal year.

G-III Apparel Group Profile

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.