G-III Apparel Group, LTD. (GIII) Position Trimmed by Adirondack Research & Management Inc.

Adirondack Research & Management Inc. cut its position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 48.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,398 shares of the textile maker’s stock after selling 25,000 shares during the quarter. Adirondack Research & Management Inc. owned about 0.05% of G-III Apparel Group, LTD. worth $766,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC grew its stake in shares of G-III Apparel Group, LTD. by 17.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock valued at $101,000 after buying an additional 580 shares in the last quarter. Flinton Capital Management LLC grew its stake in shares of G-III Apparel Group, LTD. by 87.0% in the second quarter. Flinton Capital Management LLC now owns 4,032 shares of the textile maker’s stock valued at $101,000 after buying an additional 1,876 shares in the last quarter. UBS Group AG grew its stake in shares of G-III Apparel Group, LTD. by 85.7% in the first quarter. UBS Group AG now owns 5,850 shares of the textile maker’s stock valued at $128,000 after buying an additional 2,699 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of G-III Apparel Group, LTD. in the second quarter valued at about $193,000. Finally, Aperio Group LLC acquired a new stake in shares of G-III Apparel Group, LTD. in the second quarter valued at about $204,000. Institutional investors own 99.90% of the company’s stock.

A number of research firms have recently issued reports on GIII. B. Riley restated a “buy” rating on shares of G-III Apparel Group, LTD. in a research note on Wednesday, November 1st. Standpoint Research lowered G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Buckingham Research restated 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 note on Thursday, September 7th. Stifel Nicolaus raised their price objective on G-III Apparel Group, LTD. from $20.00 to $28.00 and gave the company a “hold” rating in a research note on Thursday, September 7th. Finally, Zacks Investment Research lowered G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $33.45.

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Shares of G-III Apparel Group, LTD. (NASDAQ GIII) traded up $1.24 during midday trading on Friday, hitting $26.72. The company had a trading volume of 909,084 shares, compared to its average volume of 461,676. The company has a market cap of $1,302.81, a P/E ratio of 26.46, a price-to-earnings-growth ratio of 1.31 and a beta of 0.21. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $32.59. The company has a current ratio of 2.75, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56.

G-III Apparel Group, LTD. (NASDAQ:GIII) last posted its earnings results on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.11. G-III Apparel Group, LTD. had a return on equity of 4.65% and a net margin of 1.23%. The firm had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $522.45 million. During the same period last year, the firm earned $0.01 EPS. The firm’s revenue was up 21.6% compared to the same quarter last year. equities research analysts forecast that G-III Apparel Group, LTD. will post 1.36 earnings per share for the current year.

In other news, COO Wayne S. Miller sold 50,000 shares of G-III Apparel Group, LTD. stock in a transaction on Monday, September 18th. The stock was 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 in the company, valued at approximately $7,967,336.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Alan Feller sold 2,000 shares of G-III Apparel Group, LTD. stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $29.22, for a total value of $58,440.00. Following the transaction, the director now owns 20,609 shares in the company, valued at $602,194.98. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,000 shares of company stock worth $1,682,990. 9.60% of the stock is owned by insiders.

G-III Apparel Group, LTD. 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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