Peregrine Capital Management LLC Grows Stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) – TechNewsObserver


Peregrine Capital Management LLC raised its stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 3.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 614,074 shares of the textile maker’s stock after acquiring an additional 20,173 shares during the period. Peregrine Capital Management LLC owned approximately 1.29% of G-III Apparel Group worth $15,825,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. FTB Advisors Inc. bought a new position in shares of G-III Apparel Group during the 2nd quarter valued at approximately $27,000. Price Wealth Management Inc. bought a new stake in G-III Apparel Group in the second quarter worth $113,000. Glen Harbor Capital Management LLC lifted its position in G-III Apparel Group by 14.7% in the second quarter. Glen Harbor Capital Management LLC now owns 4,608 shares of the textile maker’s stock worth $136,000 after buying an additional 592 shares during the last quarter. Riverhead Capital Management LLC lifted its position in G-III Apparel Group by 15.8% in the second quarter. Riverhead Capital Management LLC now owns 5,131 shares of the textile maker’s stock worth $151,000 after buying an additional 700 shares during the last quarter. Finally, Tyers Asset Management LLC lifted its position in G-III Apparel Group by 14.7% in the second quarter. Tyers Asset Management LLC now owns 6,336 shares of the textile maker’s stock worth $186,000 after buying an additional 814 shares during the last quarter.

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded G-III Apparel Group from a “sell” rating to a “hold” rating and set a $30.00 target price on the stock in a research note on Wednesday. B. Riley reduced their target price on G-III Apparel Group from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Bank of America lowered G-III Apparel Group from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $35.00 to $21.00 in a research note on Wednesday, September 4th. BidaskClub upgraded G-III Apparel Group from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Stifel Nicolaus set a $22.00 target price on G-III Apparel Group and gave the stock a “hold” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. G-III Apparel Group currently has a consensus rating of “Hold” and a consensus target price of $29.50.

GIII traded down $0.41 on Friday, hitting $29.23. The company had a trading volume of 489,700 shares, compared to its average volume of 678,791. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.88 and a current ratio of 2.08. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 1.44 and a beta of 1.52. The stock has a fifty day moving average price of $25.59 and a 200-day moving average price of $27.68. G-III Apparel Group, Ltd. has a 12-month low of $18.18 and a 12-month high of $44.36.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Thursday, September 5th. The textile maker reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. G-III Apparel Group had a return on equity of 12.37% and a net margin of 4.53%. The business had revenue of $643.90 million during the quarter, compared to the consensus estimate of $656.16 million. During the same quarter last year, the company earned $0.22 earnings per share. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts forecast that G-III Apparel Group, Ltd. will post 3.19 EPS for the current fiscal year.

G-III Apparel Group Company 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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