Zions Bancorporation N.A. Has $1.85 Million Stock Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Zions Bancorporation N.A. boosted its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 19.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,577 shares of the textile maker’s stock after buying an additional 9,329 shares during the quarter. Zions Bancorporation N.A. owned approximately 0.13% of G-III Apparel Group worth $1,846,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. boosted its stake in shares of G-III Apparel Group by 513.2% in the 4th quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock valued at $18,430,000 after purchasing an additional 472,862 shares in the last quarter. Barclays PLC lifted its stake in G-III Apparel Group by 236.4% in the 3rd quarter. Barclays PLC now owns 282,661 shares of the textile maker’s stock valued at $8,627,000 after purchasing an additional 198,647 shares during the last quarter. Jane Street Group LLC boosted its position in G-III Apparel Group by 269.9% in the third quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker’s stock valued at $7,665,000 after buying an additional 183,246 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of G-III Apparel Group during the fourth quarter worth $5,428,000. Finally, American Century Companies Inc. increased its holdings in shares of G-III Apparel Group by 11.8% during the fourth quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker’s stock worth $47,672,000 after buying an additional 153,913 shares in the last quarter. Institutional investors own 92.13% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on GIII. Telsey Advisory Group reduced their price objective on G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating on the stock in a research report on Friday, March 14th. UBS Group lowered their price objective on G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. Guggenheim lifted their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. 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 report on Wednesday, December 11th. Finally, Barclays dropped their price target on shares of G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating for the company in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.00.

G-III Apparel Group Stock Down 1.7 %

Shares of G-III Apparel Group stock opened at $27.11 on Wednesday. The stock’s 50-day moving average is $28.76 and its 200 day moving average is $30.48. G-III Apparel Group, Ltd. has a one year low of $20.66 and a one year high of $36.18. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 7.12 and a beta of 2.09. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75.

G-III Apparel Group (NASDAQ:GIII) last released its earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.30. The company had revenue of $839.50 million for the quarter, compared to the consensus estimate of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. G-III Apparel Group’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. Equities research analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 EPS for the current year.

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.