7,122 Shares in G-III Apparel Group, Ltd. (NASDAQ:GIII) Purchased by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC bought a new position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,122 shares of the textile maker’s stock, valued at approximately $242,000.

Other large investors have also recently added to or reduced their stakes in the company. Strs Ohio purchased a new position in G-III Apparel Group during the third quarter worth about $34,000. Castleview Partners LLC purchased a new position in shares of G-III Apparel Group in the 3rd quarter worth about $41,000. National Bank of Canada FI purchased a new position in shares of G-III Apparel Group in the 3rd quarter worth about $62,000. DekaBank Deutsche Girozentrale purchased a new position in shares of G-III Apparel Group in the 3rd quarter worth about $97,000. Finally, EMC Capital Management raised its holdings in shares of G-III Apparel Group by 217.4% in the 3rd quarter. EMC Capital Management now owns 7,935 shares of the textile maker’s stock worth $198,000 after purchasing an additional 5,435 shares during the period. 92.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GIII has been the topic of a number of research reports. Telsey Advisory Group restated a “market perform” rating and issued a $29.00 price objective on shares of G-III Apparel Group in a report on Friday, March 22nd. Barclays restated an “underweight” rating and issued a $23.00 price objective (down from $30.00) on shares of G-III Apparel Group in a report on Monday, March 4th. StockNews.com downgraded G-III Apparel Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Wells Fargo & Company dropped their target price on G-III Apparel Group from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Friday, March 15th. Finally, TheStreet upgraded G-III Apparel Group from a “c+” rating to a “b” rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.83.

G-III Apparel Group Price Performance

Shares of NASDAQ GIII opened at $28.95 on Wednesday. G-III Apparel Group, Ltd. has a fifty-two week low of $14.49 and a fifty-two week high of $35.68. The business has a 50 day moving average price of $29.33 and a two-hundred day moving average price of $29.42. The company has a quick ratio of 2.31, a current ratio of 3.36 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.31 billion, a PE ratio of 7.68 and a beta of 2.41.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Thursday, March 14th. The textile maker reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. G-III Apparel Group had a return on equity of 13.07% and a net margin of 5.69%. The firm had revenue of $764.80 million during the quarter, compared to analyst estimates of $816.98 million. During the same quarter last year, the firm earned $0.41 EPS. G-III Apparel Group’s quarterly revenue was down 10.5% on a year-over-year basis. Sell-side analysts expect that G-III Apparel Group, Ltd. will post 3.55 earnings per share for the current fiscal 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.