G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 9.2% in the fourth quarter, HoldingsChannel reports. The fund owned 8,320 shares of the textile maker’s stock after buying an additional 700 shares during the period. Nisa Investment Advisors LLC’s holdings in G-III Apparel Group were worth $283,000 as of its most recent filing with the SEC.

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

G-III Apparel Group Stock Down 0.5 %

NASDAQ:GIII opened at $27.15 on Friday. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 7.20 and a beta of 2.41. G-III Apparel Group, Ltd. has a 1-year low of $14.49 and a 1-year high of $35.68. The company has a current ratio of 3.36, a quick ratio of 2.31 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $29.53 and its 200 day moving average price is $29.26.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Thursday, March 14th. The textile maker reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm had revenue of $764.80 million for the quarter, compared to analyst estimates of $816.98 million. G-III Apparel Group had a return on equity of 13.07% and a net margin of 5.69%. G-III Apparel Group’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, sell-side analysts forecast that G-III Apparel Group, Ltd. will post 3.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GIII has been the topic of a number of recent analyst reports. Telsey Advisory Group reaffirmed a “market perform” rating and set a $29.00 target price on shares of G-III Apparel Group in a research report on Friday, March 22nd. Wells Fargo & Company cut their target price on G-III Apparel Group from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Friday, March 15th. Barclays reaffirmed an “underweight” rating and set a $23.00 target price (down from $30.00) on shares of G-III Apparel Group in a research report on Monday, March 4th. StockNews.com lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Finally, TheStreet raised G-III Apparel Group from a “c+” rating to a “b” rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, G-III Apparel Group presently has a consensus rating of “Hold” and a consensus price target of $25.83.

About G-III Apparel Group

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.