Sanctuary Advisors LLC Has $439,000 Stake in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Sanctuary Advisors LLC raised its position in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,564 shares of the textile maker’s stock after acquiring an additional 1,126 shares during the quarter. Sanctuary Advisors LLC’s holdings in G-III Apparel Group were worth $439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake 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 valued at $91,396,000 after purchasing an additional 151,425 shares during the last quarter. American Century Companies Inc. lifted its position in shares of G-III Apparel Group by 15.6% in the second quarter. American Century Companies Inc. now owns 1,147,175 shares of the textile maker’s stock valued at $31,054,000 after buying an additional 155,079 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of G-III Apparel Group by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker’s stock worth $31,624,000 after acquiring an additional 6,598 shares during the last quarter. Geode Capital Management LLC raised its stake in G-III Apparel Group by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock valued at $29,833,000 after acquiring an additional 11,196 shares during the period. Finally, LSV Asset Management lifted its holdings in G-III Apparel Group by 0.6% during the 2nd quarter. LSV Asset Management now owns 851,683 shares of the textile maker’s stock valued at $23,055,000 after purchasing an additional 5,200 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

Analyst Upgrades and Downgrades

GIII has been the subject of several research analyst reports. Barclays lifted their target price on shares of G-III Apparel Group from $27.00 to $29.00 and gave the stock an “underweight” rating in a report on Wednesday, December 11th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $38.00 target price on shares of G-III Apparel Group in a research report on Wednesday, December 18th. KeyCorp lifted their price target on G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 2nd. Finally, Guggenheim boosted their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $33.17.

G-III Apparel Group Stock Performance

GIII opened at $33.14 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.80 and a current ratio of 2.63. G-III Apparel Group, Ltd. has a 52-week low of $20.66 and a 52-week high of $36.18. The firm has a market cap of $1.45 billion, a P/E ratio of 8.70 and a beta of 2.14. The business’s fifty day moving average is $31.62 and its 200-day moving average is $29.09.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.33. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the business posted $2.78 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. Sell-side analysts expect that G-III Apparel Group, Ltd. will post 4.15 EPS for the current fiscal year.

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.