Nvwm LLC Raises Stake in G-III Apparel Group, Ltd. (GIII)
Nvwm LLC lifted its position in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 9.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,276 shares of the textile maker’s stock after purchasing an additional 384 shares during the quarter. Nvwm LLC’s holdings in G-III Apparel Group were worth $171,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of GIII. Financial Architects Inc purchased a new stake in G-III Apparel Group in the 4th quarter valued at $28,000. Bruderman Asset Management LLC purchased a new stake in G-III Apparel Group in the 4th quarter valued at $33,000. Acadian Asset Management LLC raised its position in G-III Apparel Group by 1,780.0% in the 4th quarter. Acadian Asset Management LLC now owns 1,974 shares of the textile maker’s stock valued at $55,000 after buying an additional 1,869 shares during the last quarter. Huntington National Bank raised its position in G-III Apparel Group by 170.8% in the 4th quarter. Huntington National Bank now owns 2,445 shares of the textile maker’s stock valued at $68,000 after buying an additional 1,542 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in G-III Apparel Group by 19.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,795 shares of the textile maker’s stock valued at $78,000 after buying an additional 461 shares during the last quarter.
Shares of G-III Apparel Group stock opened at $25.73 on Monday. G-III Apparel Group, Ltd. has a 1 year low of $25.43 and a 1 year high of $51.20. The firm has a market cap of $1.26 billion, a PE ratio of 9.00, a price-to-earnings-growth ratio of 0.63 and a beta of 1.37. The company has a quick ratio of 1.17, a current ratio of 2.16 and a debt-to-equity ratio of 0.33.
A number of equities research analysts recently commented on GIII shares. Zacks Investment Research lowered G-III Apparel Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 6th. BidaskClub raised G-III Apparel Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 22nd. Bank of America began coverage on G-III Apparel Group in a research report on Friday, March 1st. They set a “buy” rating and a $45.00 target price for the company. ValuEngine raised G-III Apparel Group from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price (up from $50.00) on shares of G-III Apparel Group in a research report on Friday, March 22nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.55.
In other news, Director Laura H. Pomerantz sold 2,105 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $41.52, for a total transaction of $87,399.60. Following the completion of the transaction, the director now owns 36,756 shares in the company, valued at approximately $1,526,109.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Laura H. Pomerantz sold 821 shares of the stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $40.43, for a total value of $33,193.03. Following the transaction, the director now owns 39,682 shares of the company’s stock, valued at approximately $1,604,343.26. The disclosure for this sale can be found here. Insiders have sold a total of 74,692 shares of company stock valued at $3,086,681 in the last quarter. 8.60% of the stock is owned by corporate insiders.
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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 in 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.
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