Inspire Investing LLC Sells 4,865 Shares of G-III Apparel Group, Ltd. (NASDAQ:GIII)

Inspire Investing LLC decreased its stake in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 14.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 29,614 shares of the textile maker’s stock after selling 4,865 shares during the period. Inspire Investing LLC’s holdings in G-III Apparel Group were worth $966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of G-III Apparel Group during the second quarter worth approximately $42,000. Quarry LP bought a new position in G-III Apparel Group in the third quarter worth approximately $63,000. Point72 DIFC Ltd purchased a new position in G-III Apparel Group during the 2nd quarter worth $78,000. CWM LLC raised its position in G-III Apparel Group by 46.8% during the 3rd quarter. CWM LLC now owns 2,777 shares of the textile maker’s stock valued at $85,000 after purchasing an additional 885 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in G-III Apparel Group during the 3rd quarter valued at $152,000. Institutional investors own 92.13% of the company’s stock.

G-III Apparel Group Stock Performance

NASDAQ GIII opened at $31.46 on Friday. G-III Apparel Group, Ltd. has a 52 week low of $20.66 and a 52 week high of $36.18. The company has a 50 day moving average price of $31.91 and a 200 day moving average price of $29.75. The company has a quick ratio of 1.75, a current ratio of 2.63 and a debt-to-equity ratio of 0.13. The firm has a market cap of $1.38 billion, a PE ratio of 8.26 and a beta of 2.09.

G-III Apparel Group (NASDAQ:GIII) last issued its quarterly earnings results on Tuesday, December 10th. The textile maker reported $2.59 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $2.78 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts forecast that G-III Apparel Group, Ltd. will post 4.16 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GIII shares. Barclays increased their price target on G-III Apparel Group from $27.00 to $29.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 11th. Telsey Advisory Group reissued a “market perform” rating and set a $38.00 target price on shares of G-III Apparel Group in a research report on Wednesday, December 18th. Guggenheim upped their price target on shares of G-III Apparel Group from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Finally, KeyCorp boosted their price objective on shares of G-III Apparel Group from $34.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, G-III Apparel Group has an average rating of “Hold” and a consensus price target of $33.17.

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 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.