Jackson Creek Investment Advisors LLC Takes Position in G-III Apparel Group, Ltd. (NASDAQ:GIII)

Jackson Creek Investment Advisors LLC purchased a new stake in G-III Apparel Group, Ltd. (NASDAQ:GIII) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 35,517 shares of the textile maker’s stock, valued at approximately $1,207,000. Jackson Creek Investment Advisors LLC owned approximately 0.08% of G-III Apparel Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio purchased a new position in G-III Apparel Group in the 3rd quarter worth approximately $34,000. Castleview Partners LLC purchased a new position in G-III Apparel Group in the 3rd quarter worth approximately $41,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of G-III Apparel Group during the 3rd quarter valued at approximately $97,000. EMC Capital Management raised its position in shares of G-III Apparel Group by 217.4% during the 3rd quarter. EMC Capital Management now owns 7,935 shares of the textile maker’s stock valued at $198,000 after buying an additional 5,435 shares during the period. Finally, Caxton Associates LP purchased a new stake in shares of G-III Apparel Group during the 3rd quarter valued at approximately $208,000. 92.13% of the stock is owned by hedge funds and other institutional investors.

G-III Apparel Group Stock Down 1.8 %

Shares of G-III Apparel Group stock traded down $0.53 during trading on Tuesday, hitting $28.15. 326,707 shares of the stock were exchanged, compared to its average volume of 611,847. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 7.47 and a beta of 2.41. The firm’s 50-day moving average price is $29.08 and its 200 day moving average price is $29.55. G-III Apparel Group, Ltd. has a 12-month low of $14.49 and a 12-month high of $35.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 3.36 and a quick ratio of 2.31.

G-III Apparel Group (NASDAQ:GIII) last released its quarterly earnings data on Thursday, March 14th. The textile maker reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. G-III Apparel Group had a net margin of 5.69% and a return on equity of 13.07%. The business had revenue of $764.80 million during the quarter, compared to analysts’ expectations of $816.98 million. During the same period in the previous year, the company earned $0.41 EPS. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. As a group, analysts forecast that G-III Apparel Group, Ltd. will post 3.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. TheStreet upgraded shares of G-III Apparel Group from a “c+” rating to a “b” rating in a report on Thursday, March 14th. 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 Friday, March 22nd. Wells Fargo & Company dropped their price target on shares of G-III Apparel Group from $24.00 to $23.00 and set an “underweight” rating for the company in a research note on Friday, March 15th. Barclays restated an “underweight” rating and issued a $23.00 price target (down previously from $30.00) on shares of G-III Apparel Group in a research note on Monday, March 4th. Finally, StockNews.com downgraded shares of G-III Apparel Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, G-III Apparel Group currently has a consensus rating of “Hold” and an average price target of $25.83.

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.