G-III Apparel Group, Ltd. (GIII) Shares Bought by LPL Financial LLC

LPL Financial LLC boosted its stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 14.0% in the third quarter, HoldingsChannel.com reports. The fund owned 14,729 shares of the textile maker’s stock after purchasing an additional 1,812 shares during the period. LPL Financial LLC’s holdings in G-III Apparel Group were worth $710,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. BlackRock Inc. raised its position in G-III Apparel Group by 4.0% during the third quarter. BlackRock Inc. now owns 6,012,393 shares of the textile maker’s stock worth $289,737,000 after acquiring an additional 230,026 shares during the period. FMR LLC raised its position in G-III Apparel Group by 20.1% during the third quarter. FMR LLC now owns 3,239,941 shares of the textile maker’s stock worth $156,132,000 after acquiring an additional 543,174 shares during the period. Standard Life Aberdeen plc raised its position in shares of G-III Apparel Group by 3.9% in the third quarter. Standard Life Aberdeen plc now owns 1,327,655 shares of the textile maker’s stock valued at $63,980,000 after buying an additional 50,107 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of G-III Apparel Group by 4.4% in the third quarter. Bank of New York Mellon Corp now owns 1,297,470 shares of the textile maker’s stock valued at $62,524,000 after buying an additional 54,953 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of G-III Apparel Group by 0.8% in the third quarter. Victory Capital Management Inc. now owns 999,711 shares of the textile maker’s stock valued at $48,176,000 after buying an additional 7,989 shares during the last quarter.

A number of brokerages have recently commented on GIII. BidaskClub upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Thursday. Piper Jaffray Companies set a $40.00 target price on shares of G-III Apparel Group and gave the company a “buy” rating in a research report on Monday, December 31st. TheStreet cut shares of G-III Apparel Group from a “b-” rating to a “c+” rating in a research report on Thursday, December 27th. Stifel Nicolaus upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating and increased their target price for the company from $28.50 to $40.00 in a research report on Sunday, December 16th. Finally, KeyCorp reiterated a “buy” rating on shares of G-III Apparel Group in a research report on Sunday, December 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $46.55.

G-III Apparel Group stock opened at $31.95 on Friday. G-III Apparel Group, Ltd. has a 12-month low of $25.43 and a 12-month high of $51.20. The stock has a market cap of $1.56 billion, a P/E ratio of 19.97, a PEG ratio of 0.77 and a beta of 0.73. The company has a quick ratio of 1.55, a current ratio of 2.54 and a debt-to-equity ratio of 0.59.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Thursday, December 6th. The textile maker reported $1.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.07. G-III Apparel Group had a net margin of 3.75% and a return on equity of 11.60%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period last year, the business earned $1.67 earnings per share. G-III Apparel Group’s revenue was up 4.7% compared to the same quarter last year. As a group, equities research analysts predict that G-III Apparel Group, Ltd. will post 2.75 earnings per share for the current year.

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G-III Apparel Group Company Profile

G-III Apparel Group, Ltd. designs, manufactures, 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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