GYL Financial Synergies LLC Buys New Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)
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.
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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