NN Investment Partners Holdings N.V. boosted its position in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) by 50.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,030 shares of the textile maker’s stock after buying an additional 8,435 shares during the period. NN Investment Partners Holdings N.V. owned about 0.05% of G-III Apparel Group, LTD. worth $624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Atria Investments LLC boosted its position in G-III Apparel Group, LTD. by 6.4% in the second quarter. Atria Investments LLC now owns 12,357 shares of the textile maker’s stock worth $308,000 after buying an additional 748 shares during the period. Fox Run Management L.L.C. purchased a new position in G-III Apparel Group, LTD. during the second quarter worth about $773,000. Public Employees Retirement System of Ohio boosted its position in G-III Apparel Group, LTD. by 1.7% in the first quarter. Public Employees Retirement System of Ohio now owns 63,136 shares of the textile maker’s stock worth $1,382,000 after buying an additional 1,081 shares during the period. HighTower Advisors LLC raised its stake in shares of G-III Apparel Group, LTD. by 107.1% in the first quarter. HighTower Advisors LLC now owns 17,789 shares of the textile maker’s stock worth $391,000 after buying an additional 9,199 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of G-III Apparel Group, LTD. during the first quarter worth $259,000. Institutional investors own 99.41% of the company’s stock.

Shares of G-III Apparel Group, LTD. (NASDAQ:GIII) opened at 24.48 on Tuesday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 29.93 and a beta of 0.32. G-III Apparel Group, LTD. has a 12-month low of $18.00 and a 12-month high of $44.85. The firm’s 50-day moving average is $24.28 and its 200-day moving average is $24.17.

G-III Apparel Group, LTD. (NASDAQ:GIII) last issued its quarterly earnings data on Tuesday, June 6th. The textile maker reported ($0.18) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.22. The business had revenue of $529 million during the quarter, compared to the consensus estimate of $497.88 million. G-III Apparel Group, LTD. had a net margin of 1.58% and a return on equity of 5.57%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. Analysts predict that G-III Apparel Group, LTD. will post $1.26 earnings per share for the current fiscal year.

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A number of brokerages recently weighed in on GIII. BidaskClub raised shares of G-III Apparel Group, LTD. from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Buckingham Research reissued a “buy” rating and issued a $28.00 price target on shares of G-III Apparel Group, LTD. in a report on Monday, July 17th. FBR & Co reissued an “outperform” rating and issued a $33.00 price target on shares of G-III Apparel Group, LTD. in a report on Tuesday, July 11th. Telsey Advisory Group raised their price target on shares of G-III Apparel Group, LTD. from $24.00 to $27.00 and gave the company a “market perform” rating in a report on Wednesday, June 7th. Finally, Cowen and Company raised their price target on shares of G-III Apparel Group, LTD. from $22.00 to $23.00 and gave the company a “market perform” rating in a report on Wednesday, June 7th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. G-III Apparel Group, LTD. has a consensus rating of “Buy” and an average target price of $29.82.

About G-III Apparel Group, LTD.

G-III Apparel Group, Ltd. designs, manufactures and markets a range of apparel products. The Company operates through two segments: wholesale operations and retail operations. Its apparel products include outerwear, dresses, sportswear, swimwear, women’s suits and women’s performance wear, as well as 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, LTD. (NASDAQ:GIII)

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