6,455 Shares in G-III Apparel Group, Ltd. (NASDAQ:GIII) Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC bought a new stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIIIFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,455 shares of the textile maker’s stock, valued at approximately $219,000.

Other institutional investors have also added to or reduced their stakes in the company. Trexquant Investment LP boosted its stake in G-III Apparel Group by 569.2% during the 3rd quarter. Trexquant Investment LP now owns 106,039 shares of the textile maker’s stock valued at $2,642,000 after purchasing an additional 90,194 shares during the last quarter. Walleye Capital LLC bought a new position in shares of G-III Apparel Group during the 3rd quarter valued at $2,280,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of G-III Apparel Group by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,118,951 shares of the textile maker’s stock valued at $27,884,000 after buying an additional 60,669 shares during the period. Artemis Investment Management LLP lifted its holdings in shares of G-III Apparel Group by 57.7% during the 4th quarter. Artemis Investment Management LLP now owns 169,148 shares of the textile maker’s stock valued at $5,748,000 after buying an additional 61,915 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of G-III Apparel Group by 277.0% during the 3rd quarter. Acadian Asset Management LLC now owns 77,523 shares of the textile maker’s stock valued at $1,928,000 after buying an additional 56,958 shares during the period. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group Price Performance

Shares of G-III Apparel Group stock opened at $27.73 on Wednesday. G-III Apparel Group, Ltd. has a one year low of $14.49 and a one year high of $35.68. The stock’s fifty day moving average is $30.22 and its 200 day moving average is $29.06. The stock has a market cap of $1.26 billion, a P/E ratio of 7.36 and a beta of 2.41. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.31 and a current ratio of 3.36.

G-III Apparel Group (NASDAQ:GIIIGet Free Report) last announced its earnings results on Thursday, March 14th. The textile maker reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. G-III Apparel Group had a return on equity of 13.07% and a net margin of 5.69%. The company had revenue of $764.80 million for the quarter, compared to analysts’ expectations of $816.98 million. During the same period last year, the firm earned $0.41 EPS. G-III Apparel Group’s revenue for the quarter was down 10.5% compared to the same quarter last year. Sell-side analysts anticipate that G-III Apparel Group, Ltd. will post 3.55 earnings per share for the current year.

Analysts Set New Price Targets

GIII has been the topic of several research analyst reports. KeyCorp increased their price target on G-III Apparel Group from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, December 6th. TheStreet raised G-III Apparel Group from a “c+” rating to a “b” rating in a report on Thursday, March 14th. Barclays reissued an “underweight” rating and set a $23.00 price target (down from $30.00) on shares of G-III Apparel Group in a report on Monday, March 4th. UBS Group lowered their price target on G-III Apparel Group from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, March 18th. Finally, StockNews.com cut G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.83.

Check Out Our Latest Stock Report on G-III Apparel Group

G-III Apparel Group Company Profile

(Free Report)

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.

Further Reading

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

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