Hillsdale Investment Management Inc. Acquires 1,700 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Hillsdale Investment Management Inc. boosted its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,367 shares of the textile maker’s stock after purchasing an additional 1,700 shares during the period. Hillsdale Investment Management Inc. owned about 0.29% of G-III Apparel Group worth $4,089,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sanctuary Advisors LLC grew its holdings in shares of G-III Apparel Group by 4.3% in the 4th quarter. Sanctuary Advisors LLC now owns 15,195 shares of the textile maker’s stock valued at $500,000 after acquiring an additional 631 shares in the last quarter. Vestcor Inc grew its stake in G-III Apparel Group by 2.1% in the fourth quarter. Vestcor Inc now owns 31,988 shares of the textile maker’s stock valued at $1,043,000 after purchasing an additional 665 shares in the last quarter. Atria Investments Inc grew its stake in G-III Apparel Group by 9.1% in the fourth quarter. Atria Investments Inc now owns 8,102 shares of the textile maker’s stock valued at $264,000 after purchasing an additional 673 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of G-III Apparel Group by 249.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,977 shares of the textile maker’s stock worth $64,000 after purchasing an additional 1,412 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in shares of G-III Apparel Group by 93.2% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,026 shares of the textile maker’s stock worth $92,000 after purchasing an additional 1,460 shares in the last quarter. 92.13% of the stock is currently owned by institutional investors and hedge funds.

G-III Apparel Group Trading Down 1.7 %

Shares of NASDAQ:GIII opened at $26.20 on Friday. G-III Apparel Group, Ltd. has a 12-month low of $20.66 and a 12-month high of $36.18. The business has a 50 day moving average of $28.89 and a 200-day moving average of $30.50. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $1.15 billion, a PE ratio of 6.88 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Thursday, March 13th. The textile maker reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.30. The business had revenue of $839.50 million during the quarter, compared to the consensus estimate of $808.59 million. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. As a group, equities research analysts forecast that G-III Apparel Group, Ltd. will post 4.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. UBS Group decreased their target price on shares of G-III Apparel Group from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. KeyCorp lifted their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Telsey Advisory Group dropped their target price on shares of G-III Apparel Group from $38.00 to $30.00 and set a “market perform” rating on the stock in a report on Friday, March 14th. Guggenheim boosted their price target on G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Barclays cut their price objective on G-III Apparel Group from $29.00 to $25.00 and set an “underweight” rating for the company in a research report on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, G-III Apparel Group presently has an average rating of “Hold” and a consensus target price of $33.00.

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.