Fox Run Management L.L.C. Buys Shares of 11,217 G-III Apparel Group, Ltd. (NASDAQ:GIII)

Fox Run Management L.L.C. purchased a new position in G-III Apparel Group, Ltd. (NASDAQ:GIII) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 11,217 shares of the textile maker’s stock, valued at approximately $366,000.

Several other large investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS acquired a new stake in G-III Apparel Group during the 4th quarter worth $806,000. Hillsdale Investment Management Inc. boosted its position in G-III Apparel Group by 1.4% during the fourth quarter. Hillsdale Investment Management Inc. now owns 125,367 shares of the textile maker’s stock worth $4,089,000 after acquiring an additional 1,700 shares during the last quarter. American Century Companies Inc. grew its stake in G-III Apparel Group by 11.8% during the 4th quarter. American Century Companies Inc. now owns 1,461,446 shares of the textile maker’s stock valued at $47,672,000 after acquiring an additional 153,913 shares in the last quarter. Quantbot Technologies LP raised its holdings in G-III Apparel Group by 344.7% in the 4th quarter. Quantbot Technologies LP now owns 26,427 shares of the textile maker’s stock valued at $862,000 after acquiring an additional 20,485 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in G-III Apparel Group by 44.0% in the 4th quarter. Teacher Retirement System of Texas now owns 88,908 shares of the textile maker’s stock worth $2,900,000 after purchasing an additional 27,177 shares in the last quarter. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on GIII shares. StockNews.com raised G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Wednesday. Telsey Advisory Group cut their target price on G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating for the company in a research note on Friday, March 14th. KeyCorp boosted their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. UBS Group cut their price objective on shares of G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Finally, Barclays decreased their target price on shares of G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating on the stock in a report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $33.00.

G-III Apparel Group Stock Up 0.6 %

Shares of GIII opened at $27.26 on Thursday. The company’s 50-day moving average price is $28.68 and its 200 day moving average price is $30.46. G-III Apparel Group, Ltd. has a 12-month low of $20.66 and a 12-month high of $36.18. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.20 billion, a P/E ratio of 7.15 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly 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 business 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%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. On average, sell-side analysts forecast that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current 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.