Fuller & Thaler Asset Management Inc. acquired a new position in G-III Apparel Group, LTD. (NASDAQ:GIII) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 335,340 shares of the textile maker’s stock, valued at approximately $9,732,000. Fuller & Thaler Asset Management Inc. owned approximately 0.69% of G-III Apparel Group, LTD. at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Turner Investments LLC bought a new position in G-III Apparel Group, LTD. during the 3rd quarter valued at approximately $218,000. Cortina Asset Management LLC bought a new position in G-III Apparel Group, LTD. during the 3rd quarter valued at approximately $4,709,000. Columbus Circle Investors bought a new position in G-III Apparel Group, LTD. during the 3rd quarter valued at approximately $30,233,000. Cipher Capital LP bought a new position in G-III Apparel Group, LTD. during the 3rd quarter valued at approximately $328,000. Finally, Macquarie Group Ltd. raised its position in G-III Apparel Group, LTD. by 248.9% during the 3rd quarter. Macquarie Group Ltd. now owns 126,062 shares of the textile maker’s stock valued at $3,658,000 after purchasing an additional 89,933 shares during the last quarter.

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A number of research firms have commented on GIII. Zacks Investment Research lowered G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a research report on Wednesday, November 8th. B. Riley reissued a “buy” rating on shares of G-III Apparel Group, LTD. in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $33.00 target price on G-III Apparel Group, LTD. and gave the stock a “buy” rating in a research report on Thursday, October 19th. Cowen and Company set a $30.00 target price on G-III Apparel Group, LTD. and gave the stock a “hold” rating in a research report on Thursday, October 12th. Finally, Barclays PLC began coverage on G-III Apparel Group, LTD. in a research note on Tuesday, September 19th. They issued an “underweight” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $33.45.

In other news, Director Alan Feller sold 2,000 shares of G-III Apparel Group, LTD. stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $29.22, for a total transaction of $58,440.00. Following the completion of the sale, the director now owns 20,609 shares of the company’s stock, valued at $602,194.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Wayne S. Miller sold 50,000 shares of G-III Apparel Group, LTD. stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the sale, the chief operating officer now directly owns 269,531 shares of the company’s stock, valued at approximately $7,967,336.36. The disclosure for this sale can be found here. Insiders have sold 57,000 shares of company stock valued at $1,682,990 in the last 90 days. Company insiders own 9.60% of the company’s stock.

Shares of G-III Apparel Group, LTD. (GIII) traded up $0.02 during trading on Thursday, reaching $27.02. The company had a trading volume of 720,700 shares, compared to its average volume of 843,840. G-III Apparel Group, LTD. has a one year low of $18.00 and a one year high of $32.59. The company has a market cap of $1,316.47, a PE ratio of 26.73, a P/E/G ratio of 1.33 and a beta of 0.21. The company has a current ratio of 2.75, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56.

G-III Apparel Group, LTD. (NASDAQ:GIII) last announced its earnings results on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.11. The company had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $522.45 million. G-III Apparel Group, LTD. had a return on equity of 4.65% and a net margin of 1.23%. G-III Apparel Group, LTD.’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. equities research analysts anticipate that G-III Apparel Group, LTD. will post 1.36 EPS for the current fiscal year.

G-III Apparel Group, LTD. Company Profile

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.

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Institutional Ownership by Quarter for G-III Apparel Group, LTD. (NASDAQ:GIII)

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