Sei Investments Co. raised its stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 47,307.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 52,622 shares of the textile maker’s stock after buying an additional 52,511 shares during the period. Sei Investments Co. owned about 0.11% of G-III Apparel Group, LTD. worth $1,312,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue boosted its stake in shares of G-III Apparel Group, LTD. by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 4,830 shares of the textile maker’s stock valued at $105,000 after buying an additional 80 shares during the last quarter. UBS Group AG boosted its stake in shares of G-III Apparel Group, LTD. by 85.7% in the first quarter. UBS Group AG now owns 5,850 shares of the textile maker’s stock valued at $128,000 after buying an additional 2,699 shares during the last quarter. Aperio Group LLC acquired a new stake in shares of G-III Apparel Group, LTD. during the second quarter valued at approximately $204,000. Municipal Employees Retirement System of Michigan boosted its stake in shares of G-III Apparel Group, LTD. by 6.5% in the first quarter. Municipal Employees Retirement System of Michigan now owns 10,000 shares of the textile maker’s stock valued at $219,000 after buying an additional 610 shares during the last quarter. Finally, Genesee Valley Trust Co. boosted its stake in shares of G-III Apparel Group, LTD. by 7.0% in the first quarter. Genesee Valley Trust Co. now owns 10,209 shares of the textile maker’s stock valued at $223,000 after buying an additional 669 shares during the last quarter. Institutional investors and hedge funds own 99.38% of the company’s stock.

G-III Apparel Group, LTD. (GIII) opened at 26.97 on Wednesday. The stock’s 50 day moving average is $24.97 and its 200 day moving average is $24.06. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 32.97 and a beta of 0.33. G-III Apparel Group, LTD. has a 12-month low of $18.00 and a 12-month high of $42.40.

G-III Apparel Group, LTD. (NASDAQ:GIII) last announced its quarterly earnings results on Tuesday, June 6th. The textile maker reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.40) by $0.22. G-III Apparel Group, LTD. had a return on equity of 5.57% and a net margin of 1.58%. The company had revenue of $529 million during the quarter, compared to analyst estimates of $497.88 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. Equities research analysts forecast that G-III Apparel Group, LTD. will post $1.26 EPS for the current fiscal year.

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Several analysts have commented on the stock. BidaskClub upgraded shares of G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating in a research note on Saturday. KeyCorp restated a “buy” rating and set a $41.00 price objective on shares of G-III Apparel Group, LTD. in a research note on Thursday, August 24th. Cowen and Company set a $23.00 price objective on shares of G-III Apparel Group, LTD. and gave the company a “hold” rating in a research note on Monday, August 14th. Telsey Advisory Group lifted their price objective on shares of G-III Apparel Group, LTD. from $24.00 to $27.00 and gave the company a “market perform” rating in a research note on Wednesday, June 7th. Finally, Standpoint Research cut shares of G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $30.27.

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.

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Institutional Ownership by Quarter for G-III Apparel Group, LTD. (NASDAQ:GIII)

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