Picton Mahoney Asset Management Sells 1,430 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Picton Mahoney Asset Management lowered its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,043 shares of the textile maker’s stock after selling 1,430 shares during the quarter. Picton Mahoney Asset Management’s holdings in G-III Apparel Group were worth $328,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in GIII. Charles Schwab Investment Management Inc. raised its holdings in shares of G-III Apparel Group by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker’s stock valued at $31,624,000 after buying an additional 6,598 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of G-III Apparel Group by 1.2% in the third quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock worth $29,833,000 after acquiring an additional 11,196 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of G-III Apparel Group by 513.2% during the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock worth $18,430,000 after purchasing an additional 472,862 shares in the last quarter. Empowered Funds LLC lifted its position in shares of G-III Apparel Group by 3.5% during the fourth quarter. Empowered Funds LLC now owns 339,601 shares of the textile maker’s stock worth $11,078,000 after purchasing an additional 11,478 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its stake in shares of G-III Apparel Group by 0.6% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 329,720 shares of the textile maker’s stock valued at $10,063,000 after purchasing an additional 1,860 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on GIII. Barclays boosted their price objective on shares of G-III Apparel Group from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 11th. UBS Group cut their price target on G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. StockNews.com cut G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Wednesday, March 12th. Telsey Advisory Group dropped their price objective on G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating for the company in a report on Friday. Finally, Guggenheim raised their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $33.80.

G-III Apparel Group Trading Up 2.2 %

NASDAQ:GIII opened at $26.67 on Monday. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. G-III Apparel Group, Ltd. has a 1-year low of $20.66 and a 1-year high of $36.18. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 7.00 and a beta of 2.09. The business’s 50-day moving average price is $29.46 and its two-hundred day moving average price is $30.51.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.30. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. The business had revenue of $839.50 million for the quarter, compared to the consensus estimate of $808.59 million. During the same period last year, the company posted $0.76 EPS. G-III Apparel Group’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts expect that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current year.

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 through 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.