Jane Street Group LLC Buys 183,246 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Jane Street Group LLC increased its stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) by 269.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 251,146 shares of the textile maker’s stock after purchasing an additional 183,246 shares during the period. Jane Street Group LLC owned approximately 0.57% of G-III Apparel Group worth $7,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in GIII. F M Investments LLC acquired a new position in shares of G-III Apparel Group during the second quarter worth about $6,796,000. Marshall Wace LLP boosted its position in G-III Apparel Group by 142.8% during the 2nd quarter. Marshall Wace LLP now owns 351,918 shares of the textile maker’s stock worth $9,526,000 after acquiring an additional 206,993 shares during the last quarter. American Century Companies Inc. grew its stake in shares of G-III Apparel Group by 15.6% during the 2nd quarter. American Century Companies Inc. now owns 1,147,175 shares of the textile maker’s stock worth $31,054,000 after acquiring an additional 155,079 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of G-III Apparel Group by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,376,310 shares of the textile maker’s stock valued at $91,396,000 after purchasing an additional 151,425 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of G-III Apparel Group in the third quarter worth $3,671,000. Institutional investors own 92.13% of the company’s stock.

Wall Street Analysts Forecast Growth

GIII has been the subject of a number of analyst reports. Guggenheim raised their target price on shares of G-III Apparel Group from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Wednesday. Barclays raised their price objective on G-III Apparel Group from $27.00 to $29.00 and gave the company an “underweight” rating in a report on Wednesday. StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a report on Monday, December 2nd. KeyCorp increased their price target on G-III Apparel Group from $34.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 price target on shares of G-III Apparel Group in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.17.

Insider Transactions at G-III Apparel Group

In other news, CEO Morris Goldfarb sold 67,014 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $30.30, for a total value of $2,030,524.20. Following the transaction, the chief executive officer now owns 3,923,071 shares of the company’s stock, valued at approximately $118,869,051.30. This represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.40% of the stock is currently owned by corporate insiders.

G-III Apparel Group Price Performance

NASDAQ:GIII opened at $36.10 on Friday. G-III Apparel Group, Ltd. has a 12-month low of $20.66 and a 12-month high of $36.18. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 9.48 and a beta of 2.14. The stock’s 50 day moving average price is $31.09 and its two-hundred day moving average price is $28.82. The company has a quick ratio of 1.80, a current ratio of 2.63 and a debt-to-equity ratio of 0.13.

G-III Apparel Group (NASDAQ:GIII) last posted its quarterly earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.26 by $0.33. G-III Apparel Group had a return on equity of 11.66% and a net margin of 5.59%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the business earned $2.78 EPS. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, analysts anticipate that G-III Apparel Group, Ltd. will post 4.15 earnings per share for the current year.

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 through 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.