Jackson Creek Investment Advisors LLC Takes Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) during the fourth quarter, Holdings Channel reports. The fund purchased 35,517 shares of the textile maker’s stock, valued at approximately $1,207,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strs Ohio acquired a new position in G-III Apparel Group in the 3rd quarter valued at $34,000. Castleview Partners LLC acquired a new stake in G-III Apparel Group in the 3rd quarter worth $41,000. DekaBank Deutsche Girozentrale acquired a new stake in G-III Apparel Group in the 3rd quarter worth $97,000. EMC Capital Management grew its position in G-III Apparel Group by 217.4% in the 3rd quarter. EMC Capital Management now owns 7,935 shares of the textile maker’s stock worth $198,000 after purchasing an additional 5,435 shares during the last quarter. Finally, Caxton Associates LP acquired a new stake in G-III Apparel Group in the 3rd quarter worth $208,000. 92.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on GIII shares. StockNews.com lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. UBS Group reduced their price objective on shares of G-III Apparel Group from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, March 18th. Wells Fargo & Company reduced their price objective on shares of G-III Apparel Group from $24.00 to $23.00 and set an “underweight” rating for the company in a report on Friday, March 15th. TheStreet raised shares of G-III Apparel Group from a “c+” rating to a “b” rating in a report on Thursday, March 14th. Finally, Barclays reaffirmed an “underweight” rating and set a $23.00 price objective (down from $30.00) on shares of G-III Apparel Group in a report on Monday, March 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.83.

G-III Apparel Group Price Performance

GIII stock traded down $0.53 during trading on Tuesday, hitting $28.15. 326,707 shares of the stock traded hands, compared to its average volume of 611,847. G-III Apparel Group, Ltd. has a one year low of $14.49 and a one year high of $35.68. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 7.47 and a beta of 2.41. The company has a 50 day simple moving average of $29.08 and a 200 day simple moving average of $29.55. The company has a current ratio of 3.36, a quick ratio of 2.31 and a debt-to-equity ratio of 0.26.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings results on Thursday, March 14th. The textile maker reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. G-III Apparel Group had a net margin of 5.69% and a return on equity of 13.07%. The firm had revenue of $764.80 million during the quarter, compared to the consensus estimate of $816.98 million. During the same period last year, the firm posted $0.41 EPS. The firm’s quarterly revenue was down 10.5% on a year-over-year basis. Equities analysts expect that G-III Apparel Group, Ltd. will post 3.55 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.