Jackson Creek Investment Advisors LLC Sells 1,568 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Jackson Creek Investment Advisors LLC decreased its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 3.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 50,593 shares of the textile maker’s stock after selling 1,568 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in G-III Apparel Group were worth $1,650,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in GIII. Victory Capital Management Inc. grew its stake in shares of G-III Apparel Group by 513.2% during the fourth quarter. Victory Capital Management Inc. now owns 564,998 shares of the textile maker’s stock worth $18,430,000 after purchasing an additional 472,862 shares during the period. Barclays PLC boosted its holdings in G-III Apparel Group by 236.4% during the third quarter. Barclays PLC now owns 282,661 shares of the textile maker’s stock worth $8,627,000 after buying an additional 198,647 shares during the last quarter. Jane Street Group LLC grew its position in shares of G-III Apparel Group by 269.9% during the 3rd quarter. Jane Street Group LLC now owns 251,146 shares of the textile maker’s stock worth $7,665,000 after buying an additional 183,246 shares during the period. Raymond James Financial Inc. bought a new stake in shares of G-III Apparel Group in the 4th quarter valued at about $5,428,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of G-III Apparel Group in the 3rd quarter valued at about $3,671,000. Institutional investors and hedge funds own 92.13% of the company’s stock.

G-III Apparel Group Trading Up 3.5 %

Shares of NASDAQ:GIII opened at $26.57 on Friday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 6.97 and a beta of 2.07. G-III Apparel Group, Ltd. has a 12 month low of $20.66 and a 12 month high of $36.18. The company’s fifty day simple moving average is $30.35 and its 200 day simple moving average is $30.48. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.26 by $0.33. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter last year, the business posted $2.78 EPS. As a group, research analysts forecast that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

Analyst Ratings Changes

GIII has been the topic of several recent analyst reports. UBS Group reduced their price objective on shares of G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday. Telsey Advisory Group reissued a “market perform” rating and set a $38.00 price target on shares of G-III Apparel Group in a research report on Wednesday, December 18th. StockNews.com cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Monday. KeyCorp raised their price objective on G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Barclays boosted their target price on G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a research note on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, G-III Apparel Group has a consensus rating of “Hold” and an average price target of $33.33.

About G-III Apparel Group

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.