Trexquant Investment LP Sells 4,356 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Trexquant Investment LP lessened its position in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 4.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,683 shares of the textile maker’s stock after selling 4,356 shares during the period. Trexquant Investment LP owned about 0.22% of G-III Apparel Group worth $3,455,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in G-III Apparel Group by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,702,233 shares of the textile maker’s stock worth $117,180,000 after buying an additional 92,673 shares during the last quarter. Pacer Advisors Inc. lifted its position in G-III Apparel Group by 155.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,620,323 shares of the textile maker’s stock valued at $123,019,000 after purchasing an additional 2,204,572 shares during the period. Dimensional Fund Advisors LP boosted its holdings in G-III Apparel Group by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,777,980 shares of the textile maker’s stock worth $94,396,000 after purchasing an additional 145,232 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in G-III Apparel Group by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,118,951 shares of the textile maker’s stock worth $27,884,000 after purchasing an additional 60,669 shares during the last quarter. Finally, LSV Asset Management grew its position in G-III Apparel Group by 0.7% in the 4th quarter. LSV Asset Management now owns 874,483 shares of the textile maker’s stock worth $29,715,000 after purchasing an additional 5,700 shares during the period. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Trading Up 0.4 %

Shares of NASDAQ:GIII opened at $28.01 on Friday. G-III Apparel Group, Ltd. has a 12-month low of $15.83 and a 12-month high of $35.68. The company has a market cap of $1.26 billion, a PE ratio of 7.43 and a beta of 2.38. The stock has a 50 day moving average of $27.99 and a 200 day moving average of $29.85. The company has a current ratio of 3.36, a quick ratio of 2.31 and a debt-to-equity ratio of 0.26.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Thursday, March 14th. The textile maker reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. G-III Apparel Group had a net margin of 5.69% and a return on equity of 13.07%. The business had revenue of $764.80 million during the quarter, compared to analyst estimates of $816.98 million. During the same period in the prior year, the business posted $0.41 earnings per share. The company’s revenue was down 10.5% on a year-over-year basis. As a group, equities research analysts expect that G-III Apparel Group, Ltd. will post 3.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on GIII shares. StockNews.com downgraded G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. UBS Group cut their price target on G-III Apparel Group from $34.00 to $31.00 and set a “neutral” rating for the company in a research note on Monday, March 18th. Barclays reiterated an “underweight” rating and issued a $23.00 price objective (down previously from $30.00) on shares of G-III Apparel Group in a research note on Monday, March 4th. Wells Fargo & Company cut their target price on shares of G-III Apparel Group from $24.00 to $23.00 and set an “underweight” rating for the company in a research report on Friday, March 15th. Finally, TheStreet raised shares of G-III Apparel Group from a “c+” rating to a “b” rating in a report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, G-III Apparel Group currently has an average rating of “Hold” and an average price target of $25.83.

G-III Apparel Group 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.