Verition Fund Management LLC Has $181,000 Stake in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Verition Fund Management LLC decreased its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII – Get Rating) by 22.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,137 shares of the textile maker’s stock after selling 3,520 shares during the quarter. Verition Fund Management LLC’s holdings in G-III Apparel Group were worth $181,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of GIII. Raymond James & Associates bought a new position in G-III Apparel Group in the 1st quarter valued at $2,199,000. HighTower Advisors LLC bought a new position in G-III Apparel Group in the 1st quarter valued at $712,000. Citigroup Inc. raised its position in G-III Apparel Group by 4.6% in the 1st quarter. Citigroup Inc. now owns 43,549 shares of the textile maker’s stock valued at $1,178,000 after purchasing an additional 1,930 shares during the last quarter. Natixis Advisors L.P. bought a new position in G-III Apparel Group in the 1st quarter valued at $298,000. Finally, MetLife Investment Management LLC raised its position in G-III Apparel Group by 55.1% in the 1st quarter. MetLife Investment Management LLC now owns 24,443 shares of the textile maker’s stock valued at $661,000 after purchasing an additional 8,687 shares during the last quarter. Institutional investors own 88.79% of the company’s stock.

G-III Apparel Group Stock Down 0.1 %

Shares of G-III Apparel Group stock opened at $15.84 on Friday. The company has a quick ratio of 1.68, a current ratio of 3.09 and a debt-to-equity ratio of 0.49. G-III Apparel Group, Ltd. has a 12 month low of $11.60 and a 12 month high of $31.70. The business has a fifty day simple moving average of $15.87 and a 200 day simple moving average of $16.81. The stock has a market cap of $752.24 million, a PE ratio of 4.40, a price-to-earnings-growth ratio of 0.33 and a beta of 2.65.

Analyst Ratings Changes

Several equities analysts have issued reports on GIII shares. Wells Fargo & Company cut their price objective on G-III Apparel Group from $20.00 to $17.00 and set an “equal weight” rating for the company in a research report on Thursday, December 1st. KeyCorp restated an “overweight” rating and set a $18.00 target price (up previously from $17.00) on shares of G-III Apparel Group in a research report on Monday, January 30th. StockNews.com downgraded G-III Apparel Group from a “hold” rating to a “sell” rating in a research report on Thursday, December 1st. UBS Group dropped their target price on G-III Apparel Group from $22.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, December 8th. Finally, Barclays dropped their target price on G-III Apparel Group from $18.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $19.13.

G-III Apparel Group Company Profile

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G-III Apparel Group Ltd. engages in the designing, sourcing, and marketing of women’s apparel. The firm’s product range includes outerwear, dresses, sportswear, swimwear, women’s suits and performance wear, as well as handbags, footwear, small leather goods, cold weather accessories, and luggage. It operates through the Wholesale and Retail segments.