GYL Financial Synergies LLC bought a new position in G-III Apparel Group, Ltd. (NASDAQ:GIII) during the first quarter, Holdings Channel reports. The firm bought 45,785 shares of the textile maker’s stock, valued at approximately $1,830,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blueshift Asset Management LLC bought a new stake in shares of G-III Apparel Group in the 4th quarter worth approximately $267,000. Legal & General Group Plc raised its holdings in shares of G-III Apparel Group by 0.6% in the 4th quarter. Legal & General Group Plc now owns 102,158 shares of the textile maker’s stock worth $2,846,000 after purchasing an additional 587 shares during the period. Dana Investment Advisors Inc. raised its holdings in shares of G-III Apparel Group by 29.8% in the 4th quarter. Dana Investment Advisors Inc. now owns 72,261 shares of the textile maker’s stock worth $2,015,000 after purchasing an additional 16,596 shares during the period. Menta Capital LLC raised its holdings in shares of G-III Apparel Group by 37.9% in the 1st quarter. Menta Capital LLC now owns 12,371 shares of the textile maker’s stock worth $494,000 after purchasing an additional 3,400 shares during the period. Finally, Intrust Bank NA raised its holdings in shares of G-III Apparel Group by 44.3% in the 4th quarter. Intrust Bank NA now owns 7,546 shares of the textile maker’s stock worth $210,000 after purchasing an additional 2,316 shares during the period.

A number of equities research analysts have issued reports on the stock. TheStreet raised shares of G-III Apparel Group from a “c+” rating to a “b-” rating in a report on Thursday, March 21st. BidaskClub cut shares of G-III Apparel Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 5th. Bank of America assumed coverage on shares of G-III Apparel Group in a report on Friday, March 1st. They set a “buy” rating and a $45.00 target price on the stock. Needham & Company LLC reissued a “buy” rating and set a $55.00 target price (up previously from $50.00) on shares of G-III Apparel Group in a report on Friday, March 22nd. Finally, Barclays boosted their target price on shares of G-III Apparel Group from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $41.70.

In other news, Director Laura H. Pomerantz sold 821 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $40.43, for a total value of $33,193.03. Following the transaction, the director now owns 39,682 shares of the company’s stock, valued at $1,604,343.26. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Laura H. Pomerantz sold 2,105 shares of the company’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $41.52, for a total transaction of $87,399.60. Following the completion of the transaction, the director now directly owns 36,756 shares in the company, valued at approximately $1,526,109.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,692 shares of company stock worth $3,086,681. Insiders own 8.60% of the company’s stock.

GIII stock traded down $0.89 during midday trading on Wednesday, reaching $24.75. 552,806 shares of the company’s stock traded hands, compared to its average volume of 582,986. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.16 and a quick ratio of 1.17. G-III Apparel Group, Ltd. has a 52 week low of $23.34 and a 52 week high of $50.83. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 8.65, a PEG ratio of 0.72 and a beta of 1.37.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Wednesday, June 5th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. The business had revenue of $633.60 million for the quarter, compared to analysts’ expectations of $650.03 million. G-III Apparel Group had a net margin of 4.53% and a return on equity of 12.68%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.22 EPS. Equities research analysts anticipate that G-III Apparel Group, Ltd. will post 3.28 EPS for the current year.

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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 in 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.

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

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