Nationwide Fund Advisors Purchases 21,572 Shares of G-III Apparel Group, LTD. (GIII)

Nationwide Fund Advisors grew its position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 77.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,468 shares of the textile maker’s stock after buying an additional 21,572 shares during the period. Nationwide Fund Advisors owned 0.10% of G-III Apparel Group, LTD. worth $1,234,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in shares of G-III Apparel Group, LTD. by 1,030.1% during the 1st quarter. Renaissance Technologies LLC now owns 357,100 shares of the textile maker’s stock valued at $7,817,000 after buying an additional 325,500 shares during the last quarter. US Bancorp DE lifted its holdings in G-III Apparel Group, LTD. by 4.3% during the 2nd quarter. US Bancorp DE now owns 91,062 shares of the textile maker’s stock worth $2,272,000 after purchasing an additional 3,732 shares in the last quarter. Texas Permanent School Fund lifted its holdings in G-III Apparel Group, LTD. by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 31,969 shares of the textile maker’s stock worth $798,000 after purchasing an additional 275 shares in the last quarter. Sei Investments Co. lifted its holdings in G-III Apparel Group, LTD. by 47,307.2% during the 2nd quarter. Sei Investments Co. now owns 52,622 shares of the textile maker’s stock worth $1,312,000 after purchasing an additional 52,511 shares in the last quarter. Finally, Arizona State Retirement System lifted its holdings in G-III Apparel Group, LTD. by 0.9% during the 1st quarter. Arizona State Retirement System now owns 22,775 shares of the textile maker’s stock worth $499,000 after purchasing an additional 200 shares in the last quarter. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

G-III Apparel Group, LTD. (NASDAQ:GIII) opened at 26.16 on Friday. G-III Apparel Group, LTD. has a 52 week low of $18.00 and a 52 week high of $32.98. The firm has a 50-day moving average price of $28.25 and a 200-day moving average price of $25.08. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 39.76 and a beta of 0.23.

G-III Apparel Group, LTD. (NASDAQ:GIII) last announced its quarterly earnings data on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.11. G-III Apparel Group, LTD. had a return on equity of 4.65% and a net margin of 1.23%. The business had revenue of $538.00 million for the quarter, compared to the consensus estimate of $522.45 million. During the same period in the previous year, the business earned $0.01 earnings per share. The business’s revenue was up 21.6% on a year-over-year basis. Analysts anticipate that G-III Apparel Group, LTD. will post $1.35 EPS for the current fiscal year.

GIII has been the topic of a number of recent research reports. BidaskClub raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a report on Friday, June 30th. Zacks Investment Research raised G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a report on Saturday, September 9th. Telsey Advisory Group raised G-III Apparel Group, LTD. from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $27.00 to $36.00 in a report on Wednesday, September 6th. FBR & Co reissued a “buy” rating and set a $33.00 price objective on shares of G-III Apparel Group, LTD. in a report on Tuesday, September 5th. Finally, Piper Jaffray Companies raised G-III Apparel Group, LTD. from a “neutral” rating to an “overweight” rating and set a $27.00 price objective on the stock in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $33.45.

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In other news, COO Wayne S. Miller sold 50,000 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $29.56, for a total value of $1,478,000.00. Following the transaction, the chief operating officer now directly owns 269,531 shares in the company, valued at $7,967,336.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Feller sold 5,000 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $29.31, for a total value of $146,550.00. Following the completion of the transaction, the director now owns 20,609 shares in the company, valued at $604,049.79. The disclosure for this sale can be found here. Insiders sold 57,000 shares of company stock worth $1,682,990 over the last 90 days. Company insiders own 9.60% of the company’s stock.

G-III Apparel Group, LTD. Profile

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as women’s handbags, footwear, small leather goods, cold weather accessories and luggage.

Institutional Ownership by Quarter for G-III Apparel Group, LTD. (NASDAQ:GIII)

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