Cramer Rosenthal Mcglynn LLC grew its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 26.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,816,332 shares of the textile maker’s stock after buying an additional 382,482 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned 3.73% of G-III Apparel Group, LTD. worth $45,317,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in GIII. YorkBridge Wealth Partners LLC increased its holdings in shares of G-III Apparel Group, LTD. by 17.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,972 shares of the textile maker’s stock worth $101,000 after buying an additional 580 shares during the period. UBS Group AG lifted its stake in shares of G-III Apparel Group, LTD. by 85.7% in the 1st quarter. UBS Group AG now owns 5,850 shares of the textile maker’s stock valued at $128,000 after acquiring an additional 2,699 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of G-III Apparel Group, LTD. in the 2nd quarter valued at about $193,000. Aperio Group LLC bought a new stake in shares of G-III Apparel Group, LTD. in the 2nd quarter valued at about $204,000. Finally, State of Alaska Department of Revenue lifted its stake in shares of G-III Apparel Group, LTD. by 79.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 8,645 shares of the textile maker’s stock valued at $215,000 after acquiring an additional 3,815 shares during the last quarter. 99.38% of the stock is currently owned by hedge funds and other institutional investors.

In other G-III Apparel Group, LTD. news, 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 sale, the director now directly owns 20,609 shares of the company’s stock, valued at approximately $604,049.79. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Wayne S. Miller sold 50,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the completion of the sale, the chief operating officer now directly owns 269,531 shares of the company’s stock, valued at $7,967,336.36. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,000 shares of company stock worth $1,682,990. Company insiders own 9.70% of the company’s stock.

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Shares of G-III Apparel Group, LTD. (GIII) traded up 0.58% during trading on Wednesday, hitting $29.40. The company had a trading volume of 30,372 shares. The stock’s 50-day moving average price is $27.71 and its 200 day moving average price is $24.66. The company has a market capitalization of $1.43 billion, a P/E ratio of 44.68 and a beta of 0.23. G-III Apparel Group, LTD. has a 52 week low of $18.00 and a 52 week high of $32.98.

G-III Apparel Group, LTD. (NASDAQ:GIII) last released its earnings results on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.11. The business had revenue of $538.00 million during the quarter, compared to the consensus estimate of $522.45 million. G-III Apparel Group, LTD. had a return on equity of 4.65% and a net margin of 1.23%. The business’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. On average, equities research analysts forecast that G-III Apparel Group, LTD. will post $1.35 earnings per share for the current year.

Several equities research analysts recently weighed in on GIII shares. Piper Jaffray Companies set a $22.00 target price on G-III Apparel Group, LTD. and gave the company a “hold” rating in a report on Tuesday, June 6th. BidaskClub raised G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a research note on Wednesday, June 14th. Telsey Advisory Group lifted their price target on G-III Apparel Group, LTD. from $24.00 to $27.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 7th. Wunderlich reiterated a “buy” rating and issued a $33.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Tuesday, June 6th. Finally, Buckingham Research reiterated a “buy” rating and issued a $28.00 price objective on shares of G-III Apparel Group, LTD. in a research report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. G-III Apparel Group, LTD. has an average rating of “Buy” and a consensus price target of $32.27.

G-III Apparel Group, LTD. Company 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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