227,700 Shares in G-III Apparel Group (GIII) Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in shares of G-III Apparel Group (NASDAQ:GIII) in the 4th quarter, Holdings Channel reports. The firm acquired 227,700 shares of the textile maker’s stock, valued at approximately $8,400,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in G-III Apparel Group by 21.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,523,557 shares of the textile maker’s stock valued at $102,254,000 after acquiring an additional 618,641 shares during the period. Standard Life Aberdeen plc lifted its stake in G-III Apparel Group by 1.2% during the 4th quarter. Standard Life Aberdeen plc now owns 1,692,049 shares of the textile maker’s stock valued at $62,428,000 after acquiring an additional 20,699 shares during the period. Victory Capital Management Inc. lifted its stake in shares of G-III Apparel Group by 22.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,245,267 shares of the textile maker’s stock valued at $45,938,000 after purchasing an additional 228,015 shares during the period. Kennedy Capital Management Inc. lifted its stake in shares of G-III Apparel Group by 49.7% in the 4th quarter. Kennedy Capital Management Inc. now owns 517,453 shares of the textile maker’s stock valued at $19,089,000 after purchasing an additional 171,907 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of G-III Apparel Group by 6.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 413,880 shares of the textile maker’s stock valued at $15,269,000 after purchasing an additional 25,054 shares during the period. Institutional investors and hedge funds own 98.30% of the company’s stock.

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Several equities analysts recently issued reports on GIII shares. KeyCorp reiterated a “buy” rating and issued a $45.00 target price on shares of G-III Apparel Group in a research note on Thursday, January 11th. Piper Jaffray reiterated a “buy” rating on shares of G-III Apparel Group in a research note on Wednesday, January 10th. BidaskClub upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Zacks Investment Research upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Friday, March 9th. Finally, Buckingham Research decreased their target price on shares of G-III Apparel Group from $46.00 to $45.00 and set a “buy” rating for the company in a research note on Friday, March 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $36.82.

GIII opened at $39.12 on Monday. The firm has a market capitalization of $1,922.59, a P/E ratio of 24.45, a PEG ratio of 1.28 and a beta of 0.21. The company has a quick ratio of 1.91, a current ratio of 2.76 and a debt-to-equity ratio of 0.35. G-III Apparel Group has a 1 year low of $18.00 and a 1 year high of $40.96.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Thursday, March 22nd. The textile maker reported $0.26 EPS for the quarter, topping the consensus estimate of $0.16 by $0.10. The company had revenue of $714.90 million during the quarter, compared to analyst estimates of $707.64 million. G-III Apparel Group had a net margin of 2.21% and a return on equity of 7.44%. The firm’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.16) EPS. equities research analysts forecast that G-III Apparel Group will post 2.04 earnings per share for the current fiscal year.

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About G-III Apparel Group

G-III Apparel Group, Ltd. designs, manufactures, and markets men's and women's apparel. It operates in two segments, Wholesale Operations and Retail Operations. The company's 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.

Want to see what other hedge funds are holding GIII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for G-III Apparel Group (NASDAQ:GIII).

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

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