G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Sold by Caxton Associates LP

Caxton Associates LP lessened its position in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 40.2% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 20,645 shares of the textile maker’s stock after selling 13,906 shares during the period. Caxton Associates LP’s holdings in G-III Apparel Group were worth $559,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of G-III Apparel Group in the 2nd quarter valued at about $42,000. CWM LLC increased its holdings in shares of G-III Apparel Group by 115.0% in the 2nd quarter. CWM LLC now owns 1,892 shares of the textile maker’s stock valued at $51,000 after purchasing an additional 1,012 shares in the last quarter. Quest Partners LLC purchased a new position in shares of G-III Apparel Group in the 4th quarter valued at about $56,000. Point72 DIFC Ltd purchased a new position in shares of G-III Apparel Group in the 2nd quarter valued at about $78,000. Finally, Innealta Capital LLC purchased a new position in shares of G-III Apparel Group in the 2nd quarter valued at about $124,000. Hedge funds and other institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

Shares of NASDAQ GIII opened at $30.27 on Friday. The company has a market cap of $1.36 billion, a PE ratio of 7.92 and a beta of 2.19. G-III Apparel Group, Ltd. has a 12 month low of $20.66 and a 12 month high of $35.68. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.92 and a quick ratio of 1.80. The company has a 50-day simple moving average of $27.50 and a 200-day simple moving average of $27.71.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Thursday, September 5th. The textile maker reported $0.52 EPS for the quarter, topping analysts’ consensus estimates 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 company’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 earnings per share. On average, equities analysts anticipate that G-III Apparel Group, Ltd. will post 4.01 earnings per share for the current year.

Insider Transactions at G-III Apparel Group

In other news, CEO Morris Goldfarb sold 67,014 shares of G-III Apparel Group stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $30.30, for a total transaction of $2,030,524.20. Following the completion of the sale, the chief executive officer now directly owns 3,923,071 shares in the company, valued at $118,869,051.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.40% of the company’s stock.

Analyst Ratings Changes

GIII has been the subject of several recent research reports. Telsey Advisory Group restated a “market perform” rating and set a $29.00 target price on shares of G-III Apparel Group in a report on Thursday, September 5th. Barclays raised 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 report on Friday, September 6th. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Sunday, September 22nd. Finally, KeyCorp raised their target price on shares of G-III Apparel Group from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.80.

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.