Standard Life Aberdeen plc grew its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,692,049 shares of the textile maker’s stock after purchasing an additional 20,699 shares during the period. Standard Life Aberdeen plc owned approximately 3.45% of G-III Apparel Group worth $62,428,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in GIII. Columbus Circle Investors acquired a new position in shares of G-III Apparel Group in the 3rd quarter valued at $30,233,000. Dimensional Fund Advisors LP lifted its stake in shares of G-III Apparel Group by 21.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,523,557 shares of the textile maker’s stock valued at $102,254,000 after purchasing an additional 618,641 shares during the last quarter. Fuller & Thaler Asset Management Inc. acquired a new position in G-III Apparel Group during the 3rd quarter worth about $9,732,000. Peregrine Capital Management LLC lifted its stake in G-III Apparel Group by 51.5% during the 3rd quarter. Peregrine Capital Management LLC now owns 806,602 shares of the textile maker’s stock worth $23,408,000 after acquiring an additional 274,176 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in G-III Apparel Group by 22.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,245,267 shares of the textile maker’s stock worth $45,938,000 after acquiring an additional 228,015 shares in the last quarter. 96.12% of the stock is currently owned by institutional investors and hedge funds.
In other G-III Apparel Group news, Director Bokhorst Willem Van sold 7,518 shares of the company’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $37.51, for a total transaction of $282,000.18. Following the sale, the director now owns 48,667 shares in the company, valued at approximately $1,825,499.17. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $33.62, for a total value of $1,714,620.00. Following the sale, the insider now owns 556,152 shares in the company, valued at approximately $18,697,830.24. The disclosure for this sale can be found here. 9.60% of the stock is owned by corporate insiders.
Several equities analysts recently issued reports on the company. B. Riley reissued a “buy” rating on shares of G-III Apparel Group in a research note on Wednesday, November 1st. Barclays increased their target price on G-III Apparel Group from $29.00 to $33.00 and gave the stock an “underweight” rating in a research note on Thursday, January 25th. Piper Jaffray Companies reissued a “buy” rating on shares of G-III Apparel Group in a research note on Wednesday, January 10th. BidaskClub lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Finally, KeyCorp reissued a “buy” rating and set a $45.00 target price on shares of G-III Apparel Group in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $35.45.
Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) opened at $36.73 on Friday. 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 1-year low of $18.00 and a 1-year high of $40.96. The firm has a market capitalization of $1,785.56, a PE ratio of 30.83, a price-to-earnings-growth ratio of 1.19 and a beta of 0.24.
G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, December 5th. The textile maker reported $1.67 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.54 by $0.13. G-III Apparel Group had a return on equity of 5.65% and a net margin of 1.58%. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the business earned $1.50 EPS. G-III Apparel Group’s revenue was up 15.9% on a year-over-year basis. equities analysts expect that G-III Apparel Group, Ltd. will post 1.51 earnings per share 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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