Trexquant Investment LP purchased a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) during the first quarter, Holdings Channel reports. The firm purchased 39,573 shares of the textile maker’s stock, valued at approximately $1,581,000.

Several other institutional investors have also bought and sold shares of the stock. Oregon Public Employees Retirement Fund boosted its stake in shares of G-III Apparel Group by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 16,248 shares of the textile maker’s stock valued at $649,000 after buying an additional 293 shares in the last quarter. NumerixS Investment Technologies Inc boosted its stake in shares of G-III Apparel Group by 6.6% in the fourth quarter. NumerixS Investment Technologies Inc now owns 4,902 shares of the textile maker’s stock valued at $136,000 after buying an additional 302 shares in the last quarter. Piedmont Investment Advisors Inc. boosted its stake in shares of G-III Apparel Group by 3.7% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 10,010 shares of the textile maker’s stock valued at $279,000 after buying an additional 353 shares in the last quarter. Nvwm LLC boosted its stake in shares of G-III Apparel Group by 9.9% in the first quarter. Nvwm LLC now owns 4,276 shares of the textile maker’s stock valued at $171,000 after buying an additional 384 shares in the last quarter. Finally, Mason Street Advisors LLC boosted its stake in shares of G-III Apparel Group by 3.4% in the first quarter. Mason Street Advisors LLC now owns 13,473 shares of the textile maker’s stock valued at $538,000 after buying an additional 445 shares in the last quarter.

In other news, Director Laura H. Pomerantz sold 2,105 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $41.52, for a total value of $87,399.60. Following the completion of the transaction, the director now directly owns 36,756 shares of the company’s stock, valued at $1,526,109.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Sammy Aaron sold 71,766 shares of the business’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $41.33, for a total value of $2,966,088.78. Following the completion of the transaction, the insider now directly owns 434,969 shares of the company’s stock, valued at $17,977,268.77. The disclosure for this sale can be found here. Over the last three months, insiders sold 74,692 shares of company stock valued at $3,086,681. Insiders own 8.60% of the company’s stock.

GIII has been the topic of a number of analyst reports. TheStreet upgraded G-III Apparel Group from a “c+” rating to a “b-” rating in a research note on Thursday, March 21st. BidaskClub downgraded G-III Apparel Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 5th. Bank of America initiated 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 on the stock. Needham & Company LLC reiterated 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. Finally, Barclays boosted their target price on G-III Apparel Group from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $41.70.

GIII traded up $0.26 during trading on Friday, reaching $25.65. 12,692 shares of the stock were exchanged, compared to its average volume of 898,850. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.17 and a current ratio of 2.17. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 8.99, a PEG ratio of 0.71 and a beta of 1.37. G-III Apparel Group, Ltd. has a 1 year low of $23.34 and a 1 year high of $50.83.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings results on Wednesday, June 5th. The textile maker reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.03. G-III Apparel Group had a return on equity of 12.59% and a net margin of 4.53%. The company had revenue of $633.60 million during the quarter, compared to analysts’ expectations of $650.03 million. During the same period in the previous year, the firm posted $0.22 earnings per share. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. On average, analysts predict that G-III Apparel Group, Ltd. will post 3.27 EPS for the current fiscal year.

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

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