First National Bank of Omaha lifted its stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 24.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,290 shares of the textile maker’s stock after buying an additional 7,220 shares during the quarter. First National Bank of Omaha’s holdings in G-III Apparel Group were worth $961,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. FTB Advisors Inc. purchased a new stake in shares of G-III Apparel Group during the 2nd quarter valued at about $27,000. Quadrant Capital Group LLC purchased a new stake in G-III Apparel Group during the 3rd quarter worth approximately $37,000. Price Wealth Management Inc. purchased a new stake in G-III Apparel Group during the 2nd quarter worth approximately $113,000. Glen Harbor Capital Management LLC increased its holdings in G-III Apparel Group by 14.7% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 4,608 shares of the textile maker’s stock worth $136,000 after purchasing an additional 592 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its holdings in G-III Apparel Group by 15.8% during the 2nd quarter. Riverhead Capital Management LLC now owns 5,131 shares of the textile maker’s stock worth $151,000 after purchasing an additional 700 shares during the last quarter.
Several research firms have issued reports on GIII. BidaskClub upgraded G-III Apparel Group from a “sell” rating to a “hold” rating in a report on Wednesday. Bank of America downgraded G-III Apparel Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $21.00 in a report on Wednesday, September 4th. Needham & Company LLC dropped their price objective on G-III Apparel Group from $47.00 to $34.00 and set a “buy” rating on the stock in a report on Tuesday, September 3rd. B. Riley dropped their price objective on G-III Apparel Group from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Finally, Wells Fargo & Co began coverage on G-III Apparel Group in a report on Monday, September 23rd. They set a “market perform” rating and a $26.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. G-III Apparel Group has an average rating of “Hold” and an average price target of $29.50.
Shares of GIII opened at $29.23 on Friday. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 1.44 and a beta of 1.52. The stock has a 50 day moving average of $25.67 and a 200-day moving average of $27.61. The company has a current ratio of 2.08, a quick ratio of 0.88 and a debt-to-equity ratio of 0.71. G-III Apparel Group, Ltd. has a 52 week low of $18.18 and a 52 week high of $44.36.
G-III Apparel Group (NASDAQ:GIII) last issued 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. The company had revenue of $643.90 million during the quarter, compared to analyst estimates of $656.16 million. G-III Apparel Group had a return on equity of 12.37% and a net margin of 4.53%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 EPS. On average, sell-side analysts predict that G-III Apparel Group, Ltd. will post 3.19 earnings per share for the current fiscal year.
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.
Featured Article: Gap Up Stocks
Want to see what other hedge funds are holding GIII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for G-III Apparel Group, Ltd. (NASDAQ:GIII).
Receive News & Ratings for G-III Apparel Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for G-III Apparel Group and related companies with MarketBeat.com's FREE daily email newsletter.