G-III Apparel Group, Ltd. (GIII) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. lowered its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 4.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 175,044 shares of the textile maker’s stock after selling 8,263 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.36% of G-III Apparel Group worth $6,995,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of GIII. Norges Bank bought a new stake in shares of G-III Apparel Group in the 4th quarter valued at about $13,887,000. Vanguard Group Inc. grew its holdings in shares of G-III Apparel Group by 10.9% in the third quarter. Vanguard Group Inc. now owns 4,346,116 shares of the textile maker’s stock valued at $209,439,000 after acquiring an additional 426,960 shares in the last quarter. Deutsche Bank AG grew its holdings in shares of G-III Apparel Group by 261.4% in the fourth quarter. Deutsche Bank AG now owns 579,761 shares of the textile maker’s stock valued at $16,168,000 after acquiring an additional 419,324 shares in the last quarter. WS Management Lllp grew its holdings in shares of G-III Apparel Group by 116.9% in the fourth quarter. WS Management Lllp now owns 475,445 shares of the textile maker’s stock valued at $13,260,000 after acquiring an additional 256,208 shares in the last quarter. Finally, Brandywine Global Investment Management LLC bought a new position in shares of G-III Apparel Group in the fourth quarter valued at approximately $4,730,000.

In other news, Director Laura H. Pomerantz sold 2,105 shares of the firm’s stock in a transaction on Friday, April 12th. The stock was sold at an average price of $41.52, for a total value of $87,399.60. Following the completion of the transaction, the director now directly owns 36,756 shares of the company’s stock, valued at $1,526,109.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Laura H. Pomerantz sold 821 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $40.43, for a total value of $33,193.03. Following the completion of the transaction, the director now directly owns 39,682 shares of the company’s stock, valued at $1,604,343.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 74,692 shares of company stock valued at $3,086,681. 8.60% of the stock is owned by corporate insiders.

Shares of NASDAQ GIII opened at $32.59 on Thursday. G-III Apparel Group, Ltd. has a 1-year low of $25.43 and a 1-year high of $51.20. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 0.69 and a beta of 1.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.16 and a quick ratio of 1.17.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, March 21st. The textile maker reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.11. G-III Apparel Group had a return on equity of 12.74% and a net margin of 4.49%. The business had revenue of $766.80 million during the quarter, compared to analyst estimates of $767.89 million. During the same period in the prior year, the company earned $0.26 earnings per share. G-III Apparel Group’s revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that G-III Apparel Group, Ltd. will post 3.3 earnings per share for the current year.

Several equities analysts have recently issued reports on GIII shares. Bank of America set a $46.00 target price on G-III Apparel Group and gave the company a “buy” rating in a report on Friday, March 22nd. BidaskClub raised G-III Apparel Group from a “buy” rating to a “strong-buy” rating in a report on Friday, February 22nd. ValuEngine raised G-III Apparel Group from a “strong sell” rating to a “sell” rating in a report on Thursday, January 17th. Zacks Investment Research lowered G-III Apparel Group from a “hold” rating to a “sell” rating in a report on Thursday, February 14th. Finally, Barclays increased their price objective on G-III Apparel Group from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, March 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $46.55.

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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 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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