G-III Apparel Group, LTD. (NASDAQ:GIII) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC lessened its position in G-III Apparel Group, LTD. (NASDAQ:GIII) by 3.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,354 shares of the textile maker’s stock after selling 460 shares during the period. Yousif Capital Management LLC’s holdings in G-III Apparel Group were worth $393,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of G-III Apparel Group by 18.6% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,590 shares of the textile maker’s stock worth $117,000 after acquiring an additional 564 shares during the period. Sanctuary Advisors LLC increased its holdings 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 worth $500,000 after acquiring an additional 631 shares during the period. Vestcor Inc increased its holdings in shares of G-III Apparel Group by 2.1% in the 4th quarter. Vestcor Inc now owns 31,988 shares of the textile maker’s stock worth $1,043,000 after acquiring an additional 665 shares during the period. Atria Investments Inc increased its holdings in shares of G-III Apparel Group by 9.1% in the 4th quarter. Atria Investments Inc now owns 8,102 shares of the textile maker’s stock worth $264,000 after acquiring an additional 673 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in shares of G-III Apparel Group by 1.3% in the 4th quarter. BNP Paribas Financial Markets now owns 79,173 shares of the textile maker’s stock worth $2,583,000 after acquiring an additional 995 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Stock Up 2.4%

Shares of GIII opened at $21.96 on Friday. The firm has a 50-day moving average price of $25.50 and a 200 day moving average price of $28.17. The firm has a market capitalization of $951.00 million, a PE ratio of 5.08 and a beta of 1.48. G-III Apparel Group, LTD. has a 52-week low of $20.33 and a 52-week high of $36.18.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Friday, June 6th. The textile maker reported $0.19 earnings per share (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 firm had revenue of $583.61 million during the quarter, compared to analyst estimates of $579.48 million. During the same quarter in the prior year, the firm posted $0.12 EPS. G-III Apparel Group’s revenue was down 4.3% compared to the same quarter last year. On average, equities analysts expect that G-III Apparel Group, LTD. will post 4.16 EPS for the current year.

Wall Street Analyst Weigh In

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

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.