G-III Apparel Group, Ltd. (NASDAQ:GIII) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its holdings in G-III Apparel Group, Ltd. (NASDAQ:GIII – Get Rating) by 26.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,839 shares of the textile maker’s stock after selling 15,703 shares during the period. Thrivent Financial for Lutherans owned about 0.09% of G-III Apparel Group worth $601,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Signaturefd LLC grew its stake in shares of G-III Apparel Group by 456.3% in the 4th quarter. Signaturefd LLC now owns 2,281 shares of the textile maker’s stock worth $31,000 after purchasing an additional 1,871 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in G-III Apparel Group in the third quarter valued at approximately $121,000. Mutual of America Capital Management LLC raised its position in shares of G-III Apparel Group by 19.2% in the third quarter. Mutual of America Capital Management LLC now owns 8,635 shares of the textile maker’s stock valued at $129,000 after purchasing an additional 1,392 shares during the period. TD Asset Management Inc. bought a new position in shares of G-III Apparel Group in the third quarter valued at approximately $151,000. Finally, Quantamental Technologies LLC bought a new position in shares of G-III Apparel Group in the third quarter valued at approximately $172,000. Institutional investors and hedge funds own 88.79% of the company’s stock.

Insider Activity

In other news, Director Laura H. Pomerantz sold 3,250 shares of the company’s stock in a transaction dated Tuesday, April 4th. The stock was sold at an average price of $15.53, for a total value of $50,472.50. Following the completion of the sale, the director now directly owns 44,871 shares of the company’s stock, valued at approximately $696,846.63. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.20% of the stock is currently owned by company insiders.

G-III Apparel Group Stock Down 0.9 %

Shares of NASDAQ:GIII opened at $16.78 on Friday. G-III Apparel Group, Ltd. has a 52 week low of $11.60 and a 52 week high of $28.12. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.63 and a current ratio of 2.85. The company’s fifty day moving average is $15.71 and its 200-day moving average is $15.99. The company has a market capitalization of $765.00 million, a PE ratio of -5.75, a P/E/G ratio of 0.44 and a beta of 2.65.

G-III Apparel Group (NASDAQ:GIII – Get Rating) last issued its earnings results on Thursday, March 16th. The textile maker reported $0.41 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.05). G-III Apparel Group had a negative net margin of 4.12% and a positive return on equity of 9.08%. The firm had revenue of $854.20 million during the quarter, compared to analyst estimates of $769.28 million. During the same quarter in the prior year, the firm posted $0.98 EPS. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities research analysts predict that G-III Apparel Group, Ltd. will post 2.61 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. TheStreet raised shares of G-III Apparel Group from a “d+” rating to a “c-” rating in a research report on Tuesday, April 18th. Barclays boosted their target price on shares of G-III Apparel Group from $13.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Friday, March 17th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $14.00 target price on shares of G-III Apparel Group in a research report on Monday, March 13th. KeyCorp reaffirmed an “overweight” rating and set a $18.00 target price (up previously from $17.00) on shares of G-III Apparel Group in a research report on Monday, January 30th. Finally, StockNews.com lowered shares of G-III Apparel Group from a “hold” rating to a “sell” rating in a research report on Saturday, May 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.38.

G-III Apparel Group Profile

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G-III Apparel Group Ltd. engages in the designing, sourcing, and marketing of women’s apparel. The firm’s product range includes outerwear, dresses, sportswear, swimwear, women’s suits and performance wear, as well as handbags, footwear, small leather goods, cold weather accessories, and luggage. It operates through the Wholesale and Retail segments.