First Mercantile Trust Co. increased its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 17.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 22,793 shares of the textile maker’s stock after purchasing an additional 3,376 shares during the period. First Mercantile Trust Co.’s holdings in G-III Apparel Group were worth $841,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Flinton Capital Management LLC increased its holdings in G-III Apparel Group by 87.0% during the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock worth $101,000 after buying an additional 1,876 shares during the last quarter. Zions Bancorporation acquired a new position in G-III Apparel Group during the third quarter worth $151,000. Invictus RG acquired a new position in G-III Apparel Group during the third quarter worth $185,000. CIBC Asset Management Inc acquired a new position in G-III Apparel Group during the fourth quarter worth $210,000. Finally, Turner Investments LLC acquired a new position in G-III Apparel Group during the third quarter worth $218,000.

A number of brokerages recently weighed in on GIII. B. Riley restated a “buy” rating on shares of G-III Apparel Group in a report on Wednesday, November 1st. BidaskClub downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. Barclays boosted their target price on shares of G-III Apparel Group from $29.00 to $33.00 and gave the stock an “underweight” rating in a report on Thursday, January 25th. Piper Jaffray Companies restated a “buy” rating on shares of G-III Apparel Group in a report on Thursday, February 1st. Finally, Cowen set a $30.00 price objective on shares of G-III Apparel Group and gave the stock a “hold” rating in a research report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $35.45.

In other news, Director Bokhorst Willem Van sold 7,518 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $37.51, for a total value of $282,000.18. Following the completion of the sale, the director now owns 48,667 shares of the company’s stock, valued at $1,825,499.17. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the completion of the sale, the insider now directly owns 556,152 shares of the company’s stock, valued at approximately $18,697,830.24. The disclosure for this sale can be found here. Insiders own 9.60% of the company’s stock.

G-III Apparel Group, Ltd. (GIII) opened at $36.52 on Thursday. The company has a current ratio of 3.52, a quick ratio of 1.91 and a debt-to-equity ratio of 0.66. G-III Apparel Group, Ltd. has a 52-week low of $18.00 and a 52-week high of $40.96. The company has a market cap of $1,800.78, a price-to-earnings ratio of 31.09, a price-to-earnings-growth ratio of 1.21 and a beta of 0.24.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Tuesday, December 5th. The textile maker reported $1.67 EPS for the quarter, topping the Zacks’ consensus estimate of $1.54 by $0.13. The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1.03 billion. G-III Apparel Group had a net margin of 1.58% and a return on equity of 5.65%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 earnings per share. equities analysts predict that G-III Apparel Group, Ltd. will post 1.51 EPS for the current year.

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About G-III Apparel Group

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 (NASDAQ:GIII)

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