Hillsdale Investment Management Inc. Has $4.09 Million Stock Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Hillsdale Investment Management Inc. increased its stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 125,367 shares of the textile maker’s stock after acquiring an additional 1,700 shares during the period. Hillsdale Investment Management Inc.’s holdings in G-III Apparel Group were worth $4,089,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New York State Common Retirement Fund increased its holdings in G-III Apparel Group by 46.6% in the 4th quarter. New York State Common Retirement Fund now owns 44,071 shares of the textile maker’s stock valued at $1,438,000 after buying an additional 14,016 shares during the period. Vestcor Inc boosted its position in shares of G-III Apparel Group by 197.7% during the 3rd quarter. Vestcor Inc now owns 31,323 shares of the textile maker’s stock worth $956,000 after acquiring an additional 20,800 shares in the last quarter. JPMorgan Chase & Co. increased its stake in G-III Apparel Group by 80.9% in the third quarter. JPMorgan Chase & Co. now owns 133,518 shares of the textile maker’s stock valued at $4,075,000 after acquiring an additional 59,718 shares during the last quarter. Victory Capital Management Inc. raised its position in G-III Apparel Group by 513.2% during the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock valued at $18,430,000 after purchasing an additional 472,862 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in G-III Apparel Group by 1.2% during the third quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock worth $29,833,000 after purchasing an additional 11,196 shares during the last quarter. Institutional investors and hedge funds own 92.13% of the company’s stock.

Wall Street Analyst Weigh In

GIII has been the topic of several recent analyst reports. UBS Group decreased their price target on G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 4th. Barclays lowered their target price on G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating for the company in a research note on Tuesday, March 18th. KeyCorp raised their price target on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Guggenheim upped their price objective on shares of G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, StockNews.com lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $33.00.

G-III Apparel Group Stock Down 1.7 %

Shares of NASDAQ GIII opened at $26.20 on Friday. G-III Apparel Group, Ltd. has a 1 year low of $20.66 and a 1 year high of $36.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.63 and a quick ratio of 1.75. The firm has a market cap of $1.15 billion, a PE ratio of 6.88 and a beta of 2.09. The company has a 50 day simple moving average of $28.89 and a 200 day simple moving average of $30.50.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings data on Thursday, March 13th. The textile maker reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.30. The company had revenue of $839.50 million for the quarter, compared to analysts’ expectations of $808.59 million. G-III Apparel Group had a net margin of 5.59% and a return on equity of 11.66%. G-III Apparel Group’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. On average, research analysts forecast that G-III Apparel Group, Ltd. will post 4.16 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 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.