Texas Permanent School Fund Purchases 1,032 Shares of G-III Apparel Group, Ltd. (GIII)

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Texas Permanent School Fund lifted its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,485 shares of the textile maker’s stock after acquiring an additional 1,032 shares during the quarter. Texas Permanent School Fund’s holdings in G-III Apparel Group were worth $1,138,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. NumerixS Investment Technologies Inc boosted its holdings in shares of G-III Apparel Group by 6.6% during the 4th quarter. NumerixS Investment Technologies Inc now owns 4,902 shares of the textile maker’s stock valued at $136,000 after acquiring an additional 302 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in shares of G-III Apparel Group by 3.7% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 10,010 shares of the textile maker’s stock valued at $279,000 after acquiring an additional 353 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of G-III Apparel Group by 19.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,795 shares of the textile maker’s stock valued at $78,000 after acquiring an additional 461 shares in the last quarter. Nvwm LLC boosted its holdings in shares of G-III Apparel Group by 15.0% during the 4th quarter. Nvwm LLC now owns 3,892 shares of the textile maker’s stock valued at $109,000 after acquiring an additional 508 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in shares of G-III Apparel Group by 0.6% during the 4th quarter. Legal & General Group Plc now owns 102,158 shares of the textile maker’s stock valued at $2,846,000 after acquiring an additional 587 shares in the last quarter.

In other news, Director Laura H. Pomerantz sold 821 shares of G-III Apparel Group stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $40.43, for a total value of $33,193.03. Following the completion of the transaction, the director now directly owns 39,682 shares of the company’s stock, valued at approximately $1,604,343.26. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Sammy Aaron sold 71,766 shares of G-III Apparel Group stock in a transaction dated Friday, April 12th. The stock was sold at an average price of $41.33, for a total value of $2,966,088.78. Following the completion of the transaction, the insider now directly owns 434,969 shares of the company’s stock, valued at $17,977,268.77. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,692 shares of company stock valued at $3,086,681. 8.60% of the stock is owned by corporate insiders.

NASDAQ:GIII traded up $0.29 during trading hours on Friday, hitting $29.24. 314,851 shares of the company were exchanged, compared to its average volume of 515,134. The firm has a market cap of $1.43 billion, a P/E ratio of 10.22, a P/E/G ratio of 0.64 and a beta of 1.00. The company has a quick ratio of 1.17, a current ratio of 2.16 and a debt-to-equity ratio of 0.33. G-III Apparel Group, Ltd. has a one year low of $25.43 and a one year high of $51.20.

G-III Apparel Group (NASDAQ:GIII) last announced its earnings results on Thursday, March 21st. The textile maker reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.11. The business had revenue of $766.80 million during the quarter, compared to analyst estimates of $767.89 million. G-III Apparel Group had a return on equity of 12.74% and a net margin of 4.49%. G-III Apparel Group’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.26 EPS. As a group, equities research analysts expect that G-III Apparel Group, Ltd. will post 3.28 EPS for the current year.

GIII has been the topic of several recent research reports. TheStreet raised G-III Apparel Group from a “c+” rating to a “b-” rating in a report on Thursday, March 21st. BidaskClub lowered G-III Apparel Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 5th. Bank of America began coverage on G-III Apparel Group in a research report on Friday, March 1st. They set a “buy” rating and a $45.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price (up from $50.00) on shares of G-III Apparel Group in a research report on Friday, March 22nd. Finally, Barclays raised their target price on G-III Apparel Group from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $46.55.

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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 in 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.

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

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