6,996 Shares in G-III Apparel Group, Ltd. (GIII) Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. acquired a new stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) in the 1st quarter, Holdings Channel reports. The firm acquired 6,996 shares of the textile maker’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in GIII. Financial Architects Inc acquired a new position in shares of G-III Apparel Group in the 4th quarter valued at $28,000. Bruderman Asset Management LLC acquired a new position in shares of G-III Apparel Group in the 4th quarter valued at $33,000. Meeder Asset Management Inc. lifted its stake in shares of G-III Apparel Group by 1,396.0% in the 4th quarter. Meeder Asset Management Inc. now owns 1,511 shares of the textile maker’s stock valued at $41,000 after purchasing an additional 1,410 shares during the period. Acadian Asset Management LLC lifted its stake in shares of G-III Apparel Group by 1,780.0% in the 4th quarter. Acadian Asset Management LLC now owns 1,974 shares of the textile maker’s stock valued at $55,000 after purchasing an additional 1,869 shares during the period. Finally, Huntington National Bank lifted its stake in shares of G-III Apparel Group by 170.8% in the 4th quarter. Huntington National Bank now owns 2,445 shares of the textile maker’s stock valued at $68,000 after purchasing an additional 1,542 shares during the period.

In other news, Director Laura H. Pomerantz sold 2,105 shares of the company’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $41.52, for a total transaction of $87,399.60. Following the completion of the sale, the director now owns 36,756 shares of the company’s stock, valued at $1,526,109.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Laura H. Pomerantz sold 821 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,604,343.26. The disclosure for this sale can be found here. In the last three months, insiders sold 74,692 shares of company stock valued at $3,086,681. 8.60% of the stock is owned by insiders.

Several research firms recently issued reports on GIII. BidaskClub upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Friday, April 5th. Needham & Company LLC reiterated a “buy” rating and issued a $55.00 target price (up from $50.00) on shares of G-III Apparel Group in a research note on Friday, March 22nd. ValuEngine upgraded shares of G-III Apparel Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. 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 research note on Friday, March 22nd. Finally, Bank of America set a $46.00 target price on shares of G-III Apparel Group and gave the company a “buy” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $46.55.

Shares of NASDAQ GIII opened at $31.84 on Friday. The firm has a market capitalization of $1.58 billion, a P/E ratio of 11.13, a P/E/G ratio of 0.65 and a beta of 1.00. The company has a quick ratio of 1.17, a current ratio of 2.16 and a debt-to-equity ratio of 0.33. G-III Apparel Group, Ltd. has a one year low of $25.43 and a one year high of $51.20.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Thursday, March 21st. The textile maker reported $0.55 EPS for the quarter, topping the consensus estimate of $0.44 by $0.11. The company had revenue of $766.80 million during the quarter, compared to analyst estimates of $767.89 million. G-III Apparel Group had a net margin of 4.49% and a return on equity of 12.74%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.26 EPS. Equities research analysts expect that G-III Apparel Group, Ltd. will post 3.28 earnings per share for the current year.

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G-III Apparel Group 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.

Further Reading: What are the Different Types of Leveraged Buyouts?

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Institutional Ownership by Quarter for G-III Apparel Group (NASDAQ:GIII)

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