Acadian Asset Management LLC Boosts Position in G-III Apparel Group, Ltd. (GIII)

Acadian Asset Management LLC grew its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 1,780.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,974 shares of the textile maker’s stock after purchasing an additional 1,869 shares during the quarter. Acadian Asset Management LLC’s holdings in G-III Apparel Group were worth $55,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Financial Architects Inc bought a new position in G-III Apparel Group during the fourth quarter worth about $28,000. Meeder Asset Management Inc. boosted its position in G-III Apparel Group by 1,396.0% during the fourth quarter. Meeder Asset Management Inc. now owns 1,511 shares of the textile maker’s stock worth $41,000 after purchasing an additional 1,410 shares during the period. Huntington National Bank boosted its position in G-III Apparel Group by 170.8% during the fourth quarter. Huntington National Bank now owns 2,445 shares of the textile maker’s stock worth $68,000 after purchasing an additional 1,542 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in G-III Apparel Group by 19.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,795 shares of the textile maker’s stock worth $78,000 after purchasing an additional 461 shares during the period. Finally, Csenge Advisory Group bought a new position in G-III Apparel Group during the third quarter worth about $93,000.

GIII stock opened at $35.70 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.54 and a quick ratio of 1.55. G-III Apparel Group, Ltd. has a 12 month low of $25.43 and a 12 month high of $51.20. The company has a market capitalization of $1.77 billion, a PE ratio of 22.31, a PEG ratio of 0.58 and a beta of 0.97.

A number of brokerages have weighed in on GIII. BidaskClub lowered shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 15th. TheStreet lowered shares of G-III Apparel Group from a “b-” rating to a “c+” rating in a research report on Thursday, December 27th. KeyCorp cut their target price on shares of G-III Apparel Group from $58.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, December 7th. Zacks Investment Research lowered shares of G-III Apparel Group from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Finally, Stifel Nicolaus upgraded shares of G-III Apparel Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $28.50 to $40.00 in a research report on Sunday, December 16th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $45.83.

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About G-III Apparel Group

G-III Apparel Group, Ltd. designs, manufactures, 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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