Thrivent Financial for Lutherans Sells 2,133 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Thrivent Financial for Lutherans lessened its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 6.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,089 shares of the textile maker’s stock after selling 2,133 shares during the period. Thrivent Financial for Lutherans owned 0.07% of G-III Apparel Group worth $949,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of G-III Apparel Group during the second quarter worth $42,000. CWM LLC lifted its holdings in shares of G-III Apparel Group by 115.0% in the 2nd quarter. CWM LLC now owns 1,892 shares of the textile maker’s stock worth $51,000 after purchasing an additional 1,012 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of G-III Apparel Group in the second quarter valued at $78,000. Innealta Capital LLC acquired a new position in G-III Apparel Group during the 2nd quarter valued at about $124,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of G-III Apparel Group during the third quarter valued at approximately $229,000. Institutional investors own 92.13% of the company’s stock.

Analysts Set New Price Targets

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

G-III Apparel Group Trading Up 5.9 %

Shares of GIII stock opened at $31.38 on Tuesday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 7.85 and a beta of 2.19. The company’s fifty day simple moving average is $30.54 and its two-hundred day simple moving average is $28.48. G-III Apparel Group, Ltd. has a 1 year low of $20.66 and a 1 year high of $35.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.92 and a quick ratio of 1.80.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Thursday, September 5th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.25. The business had revenue of $644.80 million for the quarter, compared to analysts’ expectations of $649.54 million. G-III Apparel Group had a return on equity of 12.81% and a net margin of 6.04%. The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.40 EPS. As a group, analysts anticipate that G-III Apparel Group, Ltd. will post 4.01 earnings per share for the current year.

Insider Buying and Selling at G-III Apparel Group

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

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.