Hillsdale Investment Management Inc. Takes Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Hillsdale Investment Management Inc. purchased a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 31,467 shares of the textile maker’s stock, valued at approximately $913,000. Hillsdale Investment Management Inc. owned approximately 0.07% of G-III Apparel Group as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in GIII. Pacer Advisors Inc. raised its stake in shares of G-III Apparel Group by 155.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,620,323 shares of the textile maker’s stock valued at $123,019,000 after purchasing an additional 2,204,572 shares in the last quarter. Vanguard Group Inc. lifted its stake in G-III Apparel Group by 6.2% in the first quarter. Vanguard Group Inc. now owns 5,046,803 shares of the textile maker’s stock valued at $146,408,000 after buying an additional 292,668 shares during the period. Norges Bank acquired a new stake in shares of G-III Apparel Group during the fourth quarter worth about $9,440,000. Dimensional Fund Advisors LP raised its position in shares of G-III Apparel Group by 5.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,777,980 shares of the textile maker’s stock worth $94,396,000 after purchasing an additional 145,232 shares during the period. Finally, American Century Companies Inc. raised its position in G-III Apparel Group by 38.1% in the 3rd quarter. American Century Companies Inc. now owns 262,165 shares of the textile maker’s stock valued at $6,533,000 after buying an additional 72,333 shares during the last quarter. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

Shares of NASDAQ GIII traded up $0.23 during midday trading on Tuesday, hitting $26.76. 45,481 shares of the company’s stock were exchanged, compared to its average volume of 622,798. The company has a quick ratio of 2.62, a current ratio of 3.79 and a debt-to-equity ratio of 0.26. G-III Apparel Group, Ltd. has a 12 month low of $18.47 and a 12 month high of $35.68. The company’s 50 day moving average price is $27.49 and its 200 day moving average price is $28.91. The firm has a market capitalization of $1.20 billion, a PE ratio of 6.95 and a beta of 2.24.

G-III Apparel Group (NASDAQ:GIII) last issued its earnings results on Thursday, June 6th. The textile maker reported $0.12 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.17. G-III Apparel Group had a return on equity of 12.75% and a net margin of 5.76%. The company had revenue of $609.75 million during the quarter, compared to the consensus estimate of $615.10 million. As a group, analysts predict that G-III Apparel Group, Ltd. will post 3.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on GIII shares. Telsey Advisory Group restated a “market perform” rating and issued a $29.00 price target on shares of G-III Apparel Group in a research note on Monday, June 3rd. StockNews.com upgraded G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, G-III Apparel Group has an average rating of “Hold” and an average price target of $27.60.

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.