Raymond James & Associates bought a new position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) during the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 53,757 shares of the textile maker’s stock, valued at approximately $2,148,000.
A number of other hedge funds also recently made changes to their positions in GIII. Victory Capital Management Inc. raised its holdings in G-III Apparel Group by 72.0% during the 1st quarter. Victory Capital Management Inc. now owns 1,553,760 shares of the textile maker’s stock worth $62,088,000 after buying an additional 650,645 shares during the period. Norges Bank acquired a new stake in G-III Apparel Group during the 4th quarter worth approximately $13,887,000. Deutsche Bank AG raised its holdings in G-III Apparel Group by 261.4% during 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 period. WS Management Lllp raised its holdings in G-III Apparel Group by 116.9% during 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 period. Finally, Brandywine Global Investment Management LLC acquired a new stake in G-III Apparel Group during the 4th quarter worth approximately $4,730,000.
In other news, Vice Chairman Sammy Aaron sold 71,766 shares of G-III Apparel Group stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $41.33, for a total value of $2,966,088.78. Following the completion of the transaction, the insider now owns 434,969 shares of the company’s stock, valued at approximately $17,977,268.77. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Laura H. Pomerantz sold 821 shares of G-III Apparel Group stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $40.43, for a total transaction of $33,193.03. Following the completion of the transaction, 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. Insiders have sold 74,692 shares of company stock worth $3,086,681 over the last ninety days. Insiders own 8.60% of the company’s stock.
Shares of NASDAQ GIII traded down $0.57 during midday trading on Wednesday, reaching $25.07. The company’s stock had a trading volume of 94,128 shares, compared to its average volume of 582,986. 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 fifty-two week low of $23.34 and a fifty-two week high of $50.83. The company has a market capitalization of $1.25 billion, a PE ratio of 8.77, a price-to-earnings-growth ratio of 0.72 and a beta of 1.37.
G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings data on Wednesday, June 5th. The textile maker reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. G-III Apparel Group had a net margin of 4.53% and a return on equity of 12.68%. The company had revenue of $633.60 million for the quarter, compared to the consensus estimate of $650.03 million. During the same period last year, the company earned $0.22 earnings per share. The firm’s revenue was up 3.6% compared to the same quarter last year. As a group, sell-side analysts expect that G-III Apparel Group, Ltd. will post 3.28 EPS 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 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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