Flinton Capital Management LLC Purchases 1,036 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Flinton Capital Management LLC boosted its position in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 14.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,064 shares of the textile maker’s stock after purchasing an additional 1,036 shares during the period. Flinton Capital Management LLC’s holdings in G-III Apparel Group were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. FTB Advisors Inc. acquired a new position in shares of G-III Apparel Group during the 2nd quarter worth approximately $27,000. Price Wealth Management Inc. acquired a new position in shares of G-III Apparel Group during the 2nd quarter worth approximately $113,000. Riverhead Capital Management LLC grew its stake in G-III Apparel Group by 15.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,131 shares of the textile maker’s stock worth $151,000 after acquiring an additional 700 shares during the period. Nvwm LLC grew its stake in G-III Apparel Group by 9.9% in the 1st quarter. Nvwm LLC now owns 4,276 shares of the textile maker’s stock worth $171,000 after acquiring an additional 384 shares during the period. Finally, Yorktown Management & Research Co Inc purchased a new stake in G-III Apparel Group in the 2nd quarter worth approximately $203,000.

In other news, CEO Morris Goldfarb purchased 40,000 shares of G-III Apparel Group stock in a transaction that occurred on Thursday, July 11th. The stock was acquired at an average price of $26.47 per share, for a total transaction of $1,058,800.00. Following the transaction, the chief executive officer now owns 3,250,483 shares in the company, valued at $86,040,285.01. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.60% of the stock is owned by corporate insiders.

Shares of NASDAQ:GIII opened at $25.26 on Friday. The company has a quick ratio of 0.88, a current ratio of 2.08 and a debt-to-equity ratio of 0.71. G-III Apparel Group, Ltd. has a fifty-two week low of $18.18 and a fifty-two week high of $48.79. The firm has a 50-day simple moving average of $22.91 and a 200 day simple moving average of $30.41. The company has a market cap of $1.18 billion, a PE ratio of 8.83, a P/E/G ratio of 1.24 and a beta of 1.47.

G-III Apparel Group (NASDAQ:GIII) last posted its earnings results on Thursday, September 5th. The textile maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. G-III Apparel Group had a net margin of 4.53% and a return on equity of 12.37%. The firm had revenue of $643.90 million during the quarter, compared to analysts’ expectations of $656.16 million. During the same quarter in the prior year, the firm earned $0.22 EPS. G-III Apparel Group’s quarterly revenue was up 3.1% on a year-over-year basis. As a group, research analysts forecast that G-III Apparel Group, Ltd. will post 3.19 EPS for the current fiscal year.

Several research firms have commented on GIII. TheStreet cut shares of G-III Apparel Group from a “b-” rating to a “c+” rating in a research note on Wednesday, June 5th. KeyCorp lowered their price objective on shares of G-III Apparel Group from $52.00 to $45.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Wells Fargo & Co started coverage on shares of G-III Apparel Group in a research note on Monday, September 23rd. They set a “market perform” rating and a $26.00 price objective for the company. B. Riley lowered their price objective on shares of G-III Apparel Group from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, Needham & Company LLC lowered their price objective on shares of G-III Apparel Group from $47.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. G-III Apparel Group currently has a consensus rating of “Hold” and an average price target of $32.73.

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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