G-III Apparel Group, Ltd. (GIII) Shares Bought by Eagle Asset Management Inc.

Eagle Asset Management Inc. increased its stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 0.4% during the first quarter, according to its most recent filing with the SEC. The fund owned 223,875 shares of the textile maker’s stock after buying an additional 867 shares during the quarter. Eagle Asset Management Inc.’s holdings in G-III Apparel Group were worth $8,946,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of GIII. Norges Bank purchased a new position in shares of G-III Apparel Group in the 4th quarter worth about $13,887,000. Vanguard Group Inc. boosted its holdings in shares of G-III Apparel Group by 10.9% in the 3rd quarter. Vanguard Group Inc. now owns 4,346,116 shares of the textile maker’s stock worth $209,439,000 after buying an additional 426,960 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of G-III Apparel Group by 261.4% in the 4th quarter. Deutsche Bank AG now owns 579,761 shares of the textile maker’s stock worth $16,168,000 after buying an additional 419,324 shares during the last quarter. WS Management Lllp boosted its holdings in shares of G-III Apparel Group by 116.9% in the 4th quarter. WS Management Lllp now owns 475,445 shares of the textile maker’s stock worth $13,260,000 after buying an additional 256,208 shares during the last quarter. Finally, Brandywine Global Investment Management LLC purchased a new position in shares of G-III Apparel Group in the 4th quarter worth about $4,730,000.

In other news, Director Laura H. Pomerantz sold 821 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $40.43, for a total transaction of $33,193.03. Following the sale, the director now directly owns 39,682 shares in the company, valued at $1,604,343.26. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Laura H. Pomerantz sold 2,105 shares of the company’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $41.52, for a total value of $87,399.60. Following the sale, the director now owns 36,756 shares in the company, valued at $1,526,109.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,692 shares of company stock worth $3,086,681. Company insiders own 9.80% of the company’s stock.

GIII has been the topic of several recent research reports. ValuEngine raised shares of G-III Apparel Group from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. TheStreet raised shares of G-III Apparel Group from a “c+” rating to a “b-” rating in a report on Thursday, March 21st. Zacks Investment Research downgraded shares of G-III Apparel Group from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Bank of America set a $46.00 price objective on shares of G-III Apparel Group and gave the company a “buy” rating in a report on Friday, March 22nd. Finally, Barclays upped their price objective 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.00.

NASDAQ GIII opened at $37.89 on Friday. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 13.25, a price-to-earnings-growth ratio of 0.88 and a beta of 1.00. G-III Apparel Group, Ltd. has a 52 week low of $25.43 and a 52 week high of $51.20. The company has a current ratio of 2.16, a quick ratio of 1.17 and a debt-to-equity ratio of 0.33.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Thursday, March 21st. The textile maker reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.11. The business had revenue of $766.80 million for the quarter, compared to the consensus estimate of $767.89 million. G-III Apparel Group had a net margin of 4.49% and a return on equity of 12.74%. The company’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share. On average, analysts anticipate that G-III Apparel Group, Ltd. will post 3.3 earnings per share for the current fiscal year.

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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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