California Public Employees Retirement System Has $2.17 Million Position in G-III Apparel Group, LTD. (GIII)

California Public Employees Retirement System lifted its position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 6.0% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,900 shares of the textile maker’s stock after buying an additional 4,900 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of G-III Apparel Group, LTD. worth $2,168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of G-III Apparel Group, LTD. by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 3,632,380 shares of the textile maker’s stock valued at $90,628,000 after buying an additional 21,050 shares in the last quarter. Penn Capital Management Co. Inc. lifted its stake in shares of G-III Apparel Group, LTD. by 47.1% during the 2nd quarter. Penn Capital Management Co. Inc. now owns 637,762 shares of the textile maker’s stock valued at $15,948,000 after buying an additional 204,219 shares in the last quarter. Pinebridge Investments L.P. lifted its stake in shares of G-III Apparel Group, LTD. by 145.1% during the 2nd quarter. Pinebridge Investments L.P. now owns 57,443 shares of the textile maker’s stock valued at $1,433,000 after buying an additional 34,004 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of G-III Apparel Group, LTD. during the 2nd quarter valued at $239,000. Finally, Thrivent Financial For Lutherans lifted its stake in shares of G-III Apparel Group, LTD. by 0.5% during the 2nd quarter. Thrivent Financial For Lutherans now owns 311,430 shares of the textile maker’s stock valued at $7,770,000 after buying an additional 1,430 shares in the last quarter. Institutional investors own 99.38% of the company’s stock.

G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its quarterly earnings data on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.11. The business had revenue of $538.00 million for the quarter, compared to the consensus estimate of $522.45 million. G-III Apparel Group, LTD. had a net margin of 1.23% and a return on equity of 4.65%. The company’s revenue was up 21.6% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share.

In other G-III Apparel Group, LTD. news, COO Wayne S. Miller sold 50,000 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the transaction, the chief operating officer now directly owns 269,531 shares of the company’s stock, valued at $7,967,336.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Alan Feller sold 5,000 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $29.31, for a total transaction of $146,550.00. Following the transaction, the director now directly owns 20,609 shares in the company, valued at $604,049.79. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 57,000 shares of company stock worth $1,682,990. Insiders own 9.60% of the company’s stock.

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A number of research analysts recently weighed in on the stock. Cowen and Company set a $23.00 target price on shares of G-III Apparel Group, LTD. and gave the company a “hold” rating in a research note on Monday, August 14th. BidaskClub upgraded shares of G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. KeyCorp reiterated a “buy” rating and issued a $41.00 price target on shares of G-III Apparel Group, LTD. in a report on Thursday, August 24th. Buckingham Research reiterated a “buy” rating and issued a $35.00 price target (up from $30.00) on shares of G-III Apparel Group, LTD. in a report on Thursday, September 7th. Finally, Zacks Investment Research downgraded shares of G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $33.45.

G-III Apparel Group, LTD. Company Profile

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.

Institutional Ownership by Quarter for G-III Apparel Group, LTD. (NASDAQ:GIII)

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