LSV Asset Management Increases Holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII)

LSV Asset Management lifted its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 874,483 shares of the textile maker’s stock after acquiring an additional 5,700 shares during the period. LSV Asset Management’s holdings in G-III Apparel Group were worth $29,715,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of G-III Apparel Group by 2.0% in the third quarter. Vanguard Group Inc. now owns 4,702,233 shares of the textile maker’s stock worth $117,180,000 after buying an additional 92,673 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of G-III Apparel Group by 155.7% during the 4th quarter. Pacer Advisors Inc. now owns 3,620,323 shares of the textile maker’s stock valued at $123,019,000 after purchasing an additional 2,204,572 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of G-III Apparel Group by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,118,951 shares of the textile maker’s stock valued at $27,884,000 after purchasing an additional 60,669 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of G-III Apparel Group by 39.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 665,539 shares of the textile maker’s stock worth $16,585,000 after purchasing an additional 189,239 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of G-III Apparel Group by 23.5% in the third quarter. Invesco Ltd. now owns 643,282 shares of the textile maker’s stock worth $16,031,000 after buying an additional 122,484 shares in the last quarter. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Up 0.3 %

Shares of NASDAQ:GIII opened at $28.59 on Monday. The firm has a market capitalization of $1.30 billion, a PE ratio of 7.58 and a beta of 2.38. The business has a 50 day simple moving average of $28.75 and a two-hundred day simple moving average of $29.65. G-III Apparel Group, Ltd. has a 1 year low of $14.49 and a 1 year high of $35.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.36 and a quick ratio of 2.31.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Thursday, March 14th. The textile maker reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $764.80 million during the quarter, compared to analysts’ expectations of $816.98 million. G-III Apparel Group had a return on equity of 13.07% and a net margin of 5.69%. G-III Apparel Group’s revenue was down 10.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. On average, equities analysts predict that G-III Apparel Group, Ltd. will post 3.55 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on GIII. UBS Group reduced their price objective on G-III Apparel Group from $34.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Barclays reiterated an “underweight” rating and set a $23.00 price objective (down previously from $30.00) on shares of G-III Apparel Group in a research report on Monday, March 4th. StockNews.com downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Wells Fargo & Company lowered their price target on shares of G-III Apparel Group from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, March 15th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $29.00 price objective on shares of G-III Apparel Group in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, G-III Apparel Group has an average rating of “Hold” and a consensus price target of $25.83.

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.