Victory Capital Management Inc. Has $2.81 Million Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Victory Capital Management Inc. raised its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 4.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 92,136 shares of the textile maker’s stock after buying an additional 4,294 shares during the quarter. Victory Capital Management Inc. owned 0.21% of G-III Apparel Group worth $2,812,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in GIII. Vanguard Group Inc. lifted its stake in G-III Apparel Group by 6.2% in the first quarter. Vanguard Group Inc. now owns 5,046,803 shares of the textile maker’s stock valued at $146,408,000 after buying an additional 292,668 shares during the period. F M Investments LLC acquired a new position in G-III Apparel Group in the second quarter valued at approximately $6,796,000. Marshall Wace LLP lifted its stake in G-III Apparel Group by 142.8% in the second quarter. Marshall Wace LLP now owns 351,918 shares of the textile maker’s stock valued at $9,526,000 after buying an additional 206,993 shares during the period. American Century Companies Inc. lifted its stake in G-III Apparel Group by 15.6% in the second quarter. American Century Companies Inc. now owns 1,147,175 shares of the textile maker’s stock valued at $31,054,000 after buying an additional 155,079 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in G-III Apparel Group by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker’s stock valued at $91,396,000 after buying an additional 151,425 shares during the period. 92.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Morris Goldfarb sold 100,000 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $31.59, for a total transaction of $3,159,000.00. Following the completion of the sale, the chief executive officer now directly owns 3,990,085 shares of the company’s stock, valued at $126,046,785.15. This trade represents a 2.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 12.40% of the company’s stock.

Analysts Set New Price Targets

GIII has been the topic of a number of recent research reports. KeyCorp increased their target price on G-III Apparel Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. StockNews.com cut G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Barclays increased their target price on G-III Apparel Group from $23.00 to $27.00 and gave the stock an “underweight” rating in a report on Friday, September 6th. Guggenheim initiated coverage on G-III Apparel Group in a report on Wednesday, October 9th. They issued a “buy” rating and a $36.00 target price on the stock. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 target price on shares of G-III Apparel Group in a report on Thursday, September 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, G-III Apparel Group has an average rating of “Hold” and a consensus price target of $30.00.

G-III Apparel Group Trading Up 3.0 %

NASDAQ GIII opened at $30.11 on Friday. The firm has a market capitalization of $1.32 billion, a P/E ratio of 7.53 and a beta of 2.19. The business has a fifty day simple moving average of $30.72 and a 200 day simple moving average of $28.41. G-III Apparel Group, Ltd. has a 12 month low of $20.66 and a 12 month high of $35.68. The company has a current ratio of 2.92, a quick ratio of 1.80 and a debt-to-equity ratio of 0.27.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, September 5th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.25. G-III Apparel Group had a return on equity of 12.81% and a net margin of 6.04%. The firm had revenue of $644.80 million during the quarter, compared to analyst estimates of $649.54 million. During the same period last year, the firm posted $0.40 EPS. The business’s revenue was down 2.3% compared to the same quarter last year. On average, analysts predict that G-III Apparel Group, Ltd. will post 4.01 EPS 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.