State of Tennessee Treasury Department lessened its holdings in G-III Apparel Group, LTD. (NASDAQ:GIII) by 5.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 38,633 shares of the textile maker’s stock after selling 2,442 shares during the period. State of Tennessee Treasury Department owned 0.08% of G-III Apparel Group, LTD. worth $1,121,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of GIII. BlackRock Inc. increased its stake in G-III Apparel Group, LTD. by 19,882.5% in the 1st quarter. BlackRock Inc. now owns 5,643,064 shares of the textile maker’s stock worth $123,528,000 after buying an additional 5,614,824 shares in the last quarter. Bank of New York Mellon Corp increased its stake in G-III Apparel Group, LTD. by 74.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,574,206 shares of the textile maker’s stock worth $139,077,000 after buying an additional 2,383,043 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in G-III Apparel Group, LTD. in the 2nd quarter worth $23,202,000. Dimensional Fund Advisors LP increased its stake in G-III Apparel Group, LTD. by 45.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,904,916 shares of the textile maker’s stock worth $72,478,000 after buying an additional 907,701 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new stake in G-III Apparel Group, LTD. in the 2nd quarter worth $13,037,000.

G-III Apparel Group, LTD. (NASDAQ:GIII) opened at $26.81 on Friday. G-III Apparel Group, LTD. has a 1-year low of $18.00 and a 1-year high of $32.59. The company has a market cap of $1,317.45, a PE ratio of 26.75, a price-to-earnings-growth ratio of 1.33 and a beta of 0.21. The company has a current ratio of 2.75, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56.

G-III Apparel Group, LTD. (NASDAQ:GIII) last released its quarterly earnings data on Wednesday, September 6th. The textile maker reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.11. G-III Apparel Group, LTD. had a net margin of 1.23% and a return on equity of 4.65%. The business had revenue of $538.00 million during the quarter, compared to the consensus estimate of $522.45 million. During the same quarter in the prior year, the firm earned $0.01 EPS. The business’s revenue was up 21.6% on a year-over-year basis. equities research analysts forecast that G-III Apparel Group, LTD. will post 1.36 earnings per share for the current fiscal year.

In related news, COO Wayne S. Miller sold 50,000 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $29.56, for a total value of $1,478,000.00. Following the completion of the transaction, the chief operating officer now owns 269,531 shares of the company’s stock, valued at approximately $7,967,336.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan Feller sold 5,000 shares of the stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $29.31, for a total transaction of $146,550.00. Following the completion of the transaction, the director now directly owns 20,609 shares of the company’s stock, valued at approximately $604,049.79. The disclosure for this sale can be found here. Insiders have sold a total of 57,000 shares of company stock valued at $1,682,990 in the last three months. Insiders own 9.60% of the company’s stock.

A number of equities research analysts have issued reports on GIII shares. BidaskClub upgraded G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Zacks Investment Research lowered G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Cowen Inc set a $23.00 price target on G-III Apparel Group, LTD. and gave the stock a “hold” rating in a research note on Monday, August 14th. Standpoint Research lowered G-III Apparel Group, LTD. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 15th. Finally, Piper Jaffray Companies raised shares of G-III Apparel Group, LTD. from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a report on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $33.45.

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About G-III Apparel Group, LTD.

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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