GAMMA Investing LLC Has $638,000 Stock Holdings in G-III Apparel Group, LTD. (NASDAQ:GIII)

GAMMA Investing LLC boosted its position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 3,366.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 23,330 shares of the textile maker’s stock after buying an additional 22,657 shares during the quarter. GAMMA Investing LLC owned approximately 0.05% of G-III Apparel Group worth $638,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of GIII. Principal Financial Group Inc. lifted its stake in shares of G-III Apparel Group by 1.7% in the 4th quarter. Principal Financial Group Inc. now owns 213,035 shares of the textile maker’s stock valued at $6,949,000 after purchasing an additional 3,484 shares during the period. Sanctuary Advisors LLC lifted its stake in shares of G-III Apparel Group by 4.3% in the 4th quarter. Sanctuary Advisors LLC now owns 15,195 shares of the textile maker’s stock valued at $500,000 after purchasing an additional 631 shares during the period. New York State Common Retirement Fund lifted its stake in shares of G-III Apparel Group by 46.6% in the 4th quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker’s stock valued at $1,438,000 after purchasing an additional 14,016 shares during the period. Ieq Capital LLC acquired a new position in shares of G-III Apparel Group in the 4th quarter valued at $331,000. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of G-III Apparel Group by 33.0% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 13,413 shares of the textile maker’s stock valued at $438,000 after purchasing an additional 3,325 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GIII. KeyCorp cut their price target on G-III Apparel Group from $40.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, June 9th. Telsey Advisory Group cut their price target on G-III Apparel Group from $30.00 to $27.00 and set a “market perform” rating on the stock in a research note on Monday, June 9th. Barclays cut their price target on G-III Apparel Group from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Monday, June 9th. UBS Group cut their price target on G-III Apparel Group from $29.00 to $26.00 and set a “neutral” rating on the stock in a research note on Monday, June 9th. Finally, Wall Street Zen downgraded G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.80.

G-III Apparel Group Stock Down 0.6%

GIII opened at $21.45 on Thursday. G-III Apparel Group, LTD. has a 12 month low of $20.33 and a 12 month high of $36.18. The company has a fifty day simple moving average of $25.62 and a 200 day simple moving average of $28.30. The stock has a market cap of $929.00 million, a P/E ratio of 4.97 and a beta of 1.48.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Friday, June 6th. The textile maker reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.06. G-III Apparel Group had a net margin of 6.20% and a return on equity of 12.65%. The business had revenue of $583.61 million during the quarter, compared to analysts’ expectations of $579.48 million. During the same quarter in the prior year, the company earned $0.12 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. On average, equities research analysts expect that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current fiscal year.

G-III Apparel Group Company 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.