UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.95 Million Stock Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 10.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,815 shares of the textile maker’s stock after selling 7,273 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.15% of G-III Apparel Group worth $1,948,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FORA Capital LLC bought a new stake in G-III Apparel Group in the 3rd quarter valued at about $225,000. Quantbot Technologies LP acquired a new stake in G-III Apparel Group in the third quarter valued at approximately $181,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of G-III Apparel Group during the third quarter valued at approximately $282,000. Charles Schwab Investment Management Inc. raised its position in shares of G-III Apparel Group by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker’s stock worth $31,624,000 after purchasing an additional 6,598 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of G-III Apparel Group during the third quarter worth approximately $473,000. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Price Performance

G-III Apparel Group stock opened at $36.10 on Monday. G-III Apparel Group, Ltd. has a 52 week low of $20.66 and a 52 week high of $36.18. The company’s 50 day moving average price is $31.09 and its two-hundred day moving average price is $28.81. The stock has a market cap of $1.58 billion, a P/E ratio of 9.48 and a beta of 2.14. The company has a quick ratio of 1.80, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, December 10th. The textile maker reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.33. The business had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.10 billion. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. G-III Apparel Group’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the company posted $2.78 earnings per share. On average, equities analysts predict that G-III Apparel Group, Ltd. will post 4.15 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on GIII. Telsey Advisory Group restated a “market perform” rating and set a $32.00 price target on shares of G-III Apparel Group in a research note on Tuesday, December 10th. KeyCorp boosted their target price on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Barclays raised their price target on shares of G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research report on Wednesday, December 11th. StockNews.com raised G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Monday, December 2nd. Finally, Guggenheim raised their target price on G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.17.

Insider Buying and Selling

In other G-III Apparel Group news, CEO Morris Goldfarb sold 100,000 shares of G-III Apparel Group stock in a transaction dated Tuesday, September 24th. The shares were 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 of the company’s stock, valued at approximately $126,046,785.15. The trade was a 2.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 12.40% of the stock is owned by insiders.

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.