Teacher Retirement System of Texas Acquires 27,177 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Teacher Retirement System of Texas boosted its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 44.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,908 shares of the textile maker’s stock after purchasing an additional 27,177 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.20% of G-III Apparel Group worth $2,900,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its position in shares of G-III Apparel Group by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,036,158 shares of the textile maker’s stock worth $31,624,000 after acquiring an additional 6,598 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of G-III Apparel Group by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 977,331 shares of the textile maker’s stock valued at $29,833,000 after purchasing an additional 11,196 shares during the last quarter. Victory Capital Management Inc. grew its position 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 valued at $18,430,000 after purchasing an additional 472,862 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of G-III Apparel Group by 3.5% in the fourth quarter. Empowered Funds LLC now owns 339,601 shares of the textile maker’s stock worth $11,078,000 after purchasing an additional 11,478 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its position in shares of G-III Apparel Group by 0.6% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 329,720 shares of the textile maker’s stock worth $10,063,000 after buying an additional 1,860 shares in the last quarter. 92.13% of the stock is owned by hedge funds and other institutional investors.

G-III Apparel Group Trading Down 1.7 %

Shares of GIII opened at $27.11 on Wednesday. The company’s fifty day simple moving average is $28.76 and its 200-day simple moving average is $30.48. The company has a market cap of $1.19 billion, a P/E ratio of 7.12 and a beta of 2.09. The company has a current ratio of 2.63, a quick ratio of 1.75 and a debt-to-equity ratio of 0.13. G-III Apparel Group, Ltd. has a twelve month low of $20.66 and a twelve month high of $36.18.

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

Analysts Set New Price Targets

GIII has been the topic of a number of research reports. KeyCorp lifted 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. StockNews.com cut shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Wednesday, March 12th. UBS Group dropped their price objective 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. Guggenheim upped their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Barclays dropped their price target 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 analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, G-III Apparel Group has a consensus rating of “Hold” and a consensus price target of $33.00.

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 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.