Oppenheimer Asset Management Inc. lifted its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 5.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,960 shares of the textile maker’s stock after buying an additional 519 shares during the period. Oppenheimer Asset Management Inc.’s holdings in G-III Apparel Group were worth $293,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. FTB Advisors Inc. purchased a new stake in shares of G-III Apparel Group during the second quarter worth $27,000. Price Wealth Management Inc. purchased a new stake in shares of G-III Apparel Group during the second quarter worth $113,000. Nvwm LLC raised its holdings in shares of G-III Apparel Group by 9.9% during the first quarter. Nvwm LLC now owns 4,276 shares of the textile maker’s stock worth $171,000 after acquiring an additional 384 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new stake in shares of G-III Apparel Group during the second quarter worth $203,000. Finally, Everence Capital Management Inc. purchased a new stake in shares of G-III Apparel Group during the first quarter worth $204,000.

NASDAQ GIII traded up $0.30 during trading on Friday, hitting $27.56. 97,700 shares of the company traded hands, compared to its average volume of 1,036,624. G-III Apparel Group, Ltd. has a 12 month low of $18.18 and a 12 month high of $48.79. The business has a fifty day simple moving average of $23.49 and a 200 day simple moving average of $31.18. The company has a current ratio of 2.08, a quick ratio of 1.17 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1.28 billion, a P/E ratio of 9.64, a PEG ratio of 0.79 and a beta of 1.47.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Thursday, September 5th. The textile maker reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. G-III Apparel Group had a return on equity of 12.37% and a net margin of 4.53%. The company had revenue of $643.90 million for the quarter, compared to analyst estimates of $656.16 million. During the same period last year, the company earned $0.22 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. Equities research analysts predict that G-III Apparel Group, Ltd. will post 3.19 EPS for the current fiscal year.

Several brokerages recently issued reports on GIII. BidaskClub lowered G-III Apparel Group from a “hold” rating to a “sell” rating in a report on Friday, August 16th. TheStreet lowered G-III Apparel Group from a “b-” rating to a “c+” rating in a report on Wednesday, June 5th. Zacks Investment Research lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 21st. Telsey Advisory Group lowered G-III Apparel Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $34.00 to $20.00 in a report on Tuesday, September 3rd. Finally, Needham & Company LLC cut their target price on G-III Apparel Group from $47.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $33.40.

In other G-III Apparel Group news, CEO Morris Goldfarb acquired 40,000 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were acquired at an average cost of $26.47 per share, for a total transaction of $1,058,800.00. Following the completion of the purchase, the chief executive officer now owns 3,250,483 shares of the company’s stock, valued at approximately $86,040,285.01. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.60% of the company’s stock.

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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