Guidance Capital Inc. Buys 331 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Guidance Capital Inc. increased its stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,861 shares of the textile maker’s stock after acquiring an additional 331 shares during the quarter. Guidance Capital Inc.’s holdings in G-III Apparel Group were worth $563,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of GIII. Vanguard Group Inc. grew its position in shares of G-III Apparel Group by 1.1% during the fourth quarter. Vanguard Group Inc. now owns 4,754,135 shares of the textile maker’s stock valued at $161,546,000 after purchasing an additional 51,902 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in G-III Apparel Group during the 1st quarter valued at approximately $171,000. Principal Financial Group Inc. increased its stake in G-III Apparel Group by 1.4% in the 1st quarter. Principal Financial Group Inc. now owns 234,814 shares of the textile maker’s stock worth $6,812,000 after acquiring an additional 3,222 shares during the last quarter. Mutual Advisors LLC raised its holdings in shares of G-III Apparel Group by 1.0% during the 1st quarter. Mutual Advisors LLC now owns 49,317 shares of the textile maker’s stock worth $1,431,000 after acquiring an additional 498 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in shares of G-III Apparel Group by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 35,618 shares of the textile maker’s stock valued at $1,033,000 after acquiring an additional 482 shares during the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

G-III Apparel Group Trading Down 1.3 %

NASDAQ GIII traded down $0.40 during trading on Wednesday, hitting $30.94. The stock had a trading volume of 21,270 shares, compared to its average volume of 588,095. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.80 and a current ratio of 2.92. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 8.20 and a beta of 2.19. G-III Apparel Group, Ltd. has a one year low of $20.66 and a one year high of $35.68. The stock has a 50 day simple moving average of $29.31 and a 200 day simple moving average of $28.03.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, September 5th. The textile maker reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.25. The business had revenue of $644.80 million during the quarter, compared to the consensus estimate of $649.54 million. G-III Apparel Group had a net margin of 6.04% and a return on equity of 12.81%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 earnings per share. Sell-side analysts predict that G-III Apparel Group, Ltd. will post 4.01 earnings per share for the current year.

Insiders Place Their Bets

In other G-III Apparel Group news, CEO Morris Goldfarb sold 67,014 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $30.30, for a total value of $2,030,524.20. Following the completion of the sale, the chief executive officer now owns 3,923,071 shares of the company’s stock, valued at $118,869,051.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 12.40% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently weighed in on GIII. StockNews.com cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Barclays upped their target price on shares of G-III Apparel Group from $23.00 to $27.00 and gave the company an “underweight” rating in a research report on Friday, September 6th. Telsey Advisory Group reiterated a “market perform” rating and issued a $29.00 price target on shares of G-III Apparel Group in a research report on Thursday, September 5th. KeyCorp lifted their price target on G-III Apparel Group from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Finally, Guggenheim began coverage on G-III Apparel Group in a research report on Wednesday, October 9th. They issued a “buy” rating and a $36.00 price target for the company. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.00.

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.