Cwm LLC Purchases 885 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Cwm LLC grew its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 46.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,777 shares of the textile maker’s stock after buying an additional 885 shares during the quarter. Cwm LLC’s holdings in G-III Apparel Group were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of G-III Apparel Group by 6.2% during the 1st quarter. Vanguard Group Inc. now owns 5,046,803 shares of the textile maker’s stock valued at $146,408,000 after buying an additional 292,668 shares during the period. Dimensional Fund Advisors LP raised its holdings in G-III Apparel Group by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker’s stock worth $91,396,000 after purchasing an additional 151,425 shares during the period. American Century Companies Inc. raised its holdings in G-III Apparel Group by 15.6% in the 2nd quarter. American Century Companies Inc. now owns 1,147,175 shares of the textile maker’s stock worth $31,054,000 after purchasing an additional 155,079 shares during the period. LSV Asset Management raised its holdings in G-III Apparel Group by 0.6% in the 2nd quarter. LSV Asset Management now owns 851,683 shares of the textile maker’s stock worth $23,055,000 after purchasing an additional 5,200 shares during the period. Finally, Marshall Wace LLP raised its holdings in G-III Apparel Group by 142.8% in the 2nd quarter. Marshall Wace LLP now owns 351,918 shares of the textile maker’s stock worth $9,526,000 after purchasing an additional 206,993 shares during the period. 92.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on GIII shares. StockNews.com lowered G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Barclays increased their price target on G-III Apparel Group from $23.00 to $27.00 and gave the stock an “underweight” rating in a research note on Friday, September 6th. Guggenheim began coverage on G-III Apparel Group in a research note on Wednesday, October 9th. They issued a “buy” rating and a $36.00 price target for the company. Telsey Advisory Group restated a “market perform” rating and set a $29.00 price objective on shares of G-III Apparel Group in a research report on Thursday, September 5th. Finally, KeyCorp raised their price objective on G-III Apparel Group from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Friday, September 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.00.

G-III Apparel Group Stock Down 0.3 %

Shares of NASDAQ GIII opened at $30.60 on Friday. 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 market cap of $1.34 billion, a P/E ratio of 7.65 and a beta of 2.19. G-III Apparel Group, Ltd. has a 1 year low of $20.66 and a 1 year high of $35.68. The firm has a 50-day simple moving average of $29.64 and a two-hundred day simple moving average of $28.08.

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. Research analysts anticipate that G-III Apparel Group, Ltd. will post 4.01 earnings per share for the current year.

Insider Activity

In other news, CEO Morris Goldfarb sold 67,014 shares of G-III Apparel Group stock in a transaction that occurred on 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 owns 3,923,071 shares of the company’s stock, valued at approximately $118,869,051.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 12.40% of the company’s stock.

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.