Carillon Tower Advisers Inc. lowered its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 99,601 shares of the textile maker’s stock after selling 800 shares during the period. Carillon Tower Advisers Inc. owned approximately 0.21% of G-III Apparel Group worth $2,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in G-III Apparel Group by 9.6% in the second quarter. BlackRock Inc. now owns 6,841,163 shares of the textile maker’s stock worth $201,268,000 after acquiring an additional 599,647 shares in the last quarter. Vanguard Group Inc. boosted its holdings in G-III Apparel Group by 2.9% in the second quarter. Vanguard Group Inc. now owns 4,714,343 shares of the textile maker’s stock worth $138,696,000 after acquiring an additional 131,899 shares in the last quarter. Invesco Ltd. boosted its holdings in G-III Apparel Group by 9.3% in the second quarter. Invesco Ltd. now owns 2,455,719 shares of the textile maker’s stock worth $72,248,000 after acquiring an additional 209,171 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in G-III Apparel Group by 45.9% in the second quarter. Victory Capital Management Inc. now owns 2,266,955 shares of the textile maker’s stock worth $66,694,000 after acquiring an additional 713,195 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in G-III Apparel Group by 46.3% in the second quarter. Nuveen Asset Management LLC now owns 1,181,061 shares of the textile maker’s stock worth $34,747,000 after acquiring an additional 373,781 shares in the last quarter.

GIII stock opened at $28.47 on Thursday. G-III Apparel Group, Ltd. has a twelve month low of $18.18 and a twelve month high of $44.36. The company has a quick ratio of 0.88, a current ratio of 2.08 and a debt-to-equity ratio of 0.71. The stock’s 50 day moving average is $26.03 and its 200-day moving average is $27.34. The firm has a market capitalization of $1.40 billion, a PE ratio of 9.95, a P/E/G ratio of 1.47 and a beta of 1.52.

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 Zacks’ 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 quarter last year, the company earned $0.22 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that G-III Apparel Group, Ltd. will post 3.19 earnings per share for the current fiscal year.

GIII has been the topic of several recent research reports. Needham & Company LLC cut their price target 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. Piper Jaffray Companies increased their price target on G-III Apparel Group from $22.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, September 12th. B. Riley cut their price target on G-III Apparel Group from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Telsey Advisory Group lowered G-III Apparel Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $34.00 to $20.00 in a report on Tuesday, September 3rd. Finally, Wells Fargo & Co initiated coverage on G-III Apparel Group in a report on Monday, September 23rd. They issued a “market perform” rating and a $26.00 price target on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. G-III Apparel Group has an average rating of “Hold” and a consensus target price of $28.30.

About G-III Apparel Group

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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