F M Investments LLC Has $2.62 Million Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

F M Investments LLC cut its position in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 68.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,314 shares of the textile maker’s stock after selling 171,272 shares during the quarter. F M Investments LLC’s holdings in G-III Apparel Group were worth $2,620,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in shares of G-III Apparel Group by 513.2% in the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock valued at $18,430,000 after acquiring an additional 472,862 shares during the period. Barclays PLC raised 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 worth $8,627,000 after purchasing an additional 198,647 shares in the last quarter. Foundry Partners LLC bought a new stake in G-III Apparel Group in the 4th quarter valued at about $6,094,000. Jane Street Group LLC grew its position in shares of G-III Apparel Group by 269.9% during the 3rd quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker’s stock worth $7,665,000 after purchasing an additional 183,246 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of G-III Apparel Group during the fourth quarter worth approximately $5,428,000. 92.13% of the stock is owned by institutional investors and hedge funds.

G-III Apparel Group Trading Down 1.4 %

Shares of GIII opened at $24.79 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.75 and a current ratio of 2.63. G-III Apparel Group, Ltd. has a 52-week low of $20.66 and a 52-week high of $36.18. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 6.51 and a beta of 1.63. The business’s fifty day moving average is $27.15 and its 200-day moving average is $29.94.

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 firm had revenue of $839.50 million for the quarter, compared to analysts’ expectations of $808.59 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.76 earnings per share. Equities analysts anticipate that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GIII has been the subject of several recent research reports. UBS Group cut their price target 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. Telsey Advisory Group reiterated a “market perform” rating and set a $30.00 target price on shares of G-III Apparel Group in a research report on Friday, April 4th. StockNews.com cut G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Barclays cut their price objective on shares of G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating for the company in a research report 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 MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $33.00.

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.