29,415 Shares in G-III Apparel Group, LTD. (GIII) Purchased by Marshall Wace North America L.P.

Marshall Wace North America L.P. purchased a new position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,415 shares of the textile maker’s stock, valued at approximately $735,000. Marshall Wace North America L.P. owned approximately 0.06% of G-III Apparel Group, LTD. as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its stake in G-III Apparel Group, LTD. by 97.1% during the first quarter. Wells Fargo & Company MN now owns 857,418 shares of the textile maker’s stock worth $18,768,000 after purchasing an additional 422,320 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in G-III Apparel Group, LTD. by 1.1% during the first quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the textile maker’s stock worth $390,000 after purchasing an additional 200 shares in the last quarter. Renaissance Technologies LLC lifted its stake in G-III Apparel Group, LTD. by 1,030.1% during the first quarter. Renaissance Technologies LLC now owns 357,100 shares of the textile maker’s stock worth $7,817,000 after purchasing an additional 325,500 shares in the last quarter. US Bancorp DE lifted its stake in G-III Apparel Group, LTD. by 19.6% during the first quarter. US Bancorp DE now owns 87,330 shares of the textile maker’s stock worth $1,912,000 after purchasing an additional 14,286 shares in the last quarter. Finally, Texas Permanent School Fund lifted its stake in G-III Apparel Group, LTD. by 0.9% during the second quarter. Texas Permanent School Fund now owns 31,969 shares of the textile maker’s stock worth $798,000 after purchasing an additional 275 shares in the last quarter. Institutional investors own 99.38% of the company’s stock.

A number of research firms have commented on GIII. Stifel Nicolaus upped their price target on G-III Apparel Group, LTD. from $20.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, September 7th. Buckingham Research reaffirmed a “buy” rating and set a $35.00 price objective (up previously from $30.00) on shares of G-III Apparel Group, LTD. in a research report on Thursday, September 7th. Zacks Investment Research raised G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Saturday. ValuEngine raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, FBR & Co reaffirmed a “buy” rating and set a $33.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Tuesday, September 5th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. G-III Apparel Group, LTD. currently has an average rating of “Buy” and a consensus price target of $32.82.

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G-III Apparel Group, LTD. (NASDAQ GIII) opened at 28.98 on Tuesday. G-III Apparel Group, LTD. has a 12-month low of $18.00 and a 12-month high of $32.98. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 35.43 and a beta of 0.26. The company has a 50-day moving average price of $26.34 and a 200 day moving average price of $24.16.

G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its earnings results on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.11. The business had revenue of $538 million for the quarter, compared to analyst estimates of $522.45 million. G-III Apparel Group, LTD. had a net margin of 1.23% and a return on equity of 4.67%. The business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 EPS. On average, equities research analysts predict that G-III Apparel Group, LTD. will post $1.35 EPS for the current year.

About G-III Apparel Group, LTD.

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as 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, LTD. (NASDAQ:GIII)

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