XTX Topco Ltd Invests $600,000 in G-III Apparel Group, LTD. $GIII

XTX Topco Ltd acquired a new stake in shares of G-III Apparel Group, LTD. (NASDAQ:GIII) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 26,772 shares of the textile maker’s stock, valued at approximately $600,000. XTX Topco Ltd owned approximately 0.06% of G-III Apparel Group at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of GIII. Byrne Asset Management LLC acquired a new position in shares of G-III Apparel Group during the 2nd quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of G-III Apparel Group by 5,154.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,156 shares of the textile maker’s stock worth $32,000 after acquiring an additional 1,134 shares during the period. Traub Capital Management LLC purchased a new position in shares of G-III Apparel Group during the 2nd quarter worth $67,000. Strs Ohio acquired a new position in shares of G-III Apparel Group during the 1st quarter valued at about $77,000. Finally, Quarry LP grew its holdings in shares of G-III Apparel Group by 176.1% in the first quarter. Quarry LP now owns 3,073 shares of the textile maker’s stock valued at $84,000 after purchasing an additional 1,960 shares during the period. Institutional investors and hedge funds own 92.13% of the company’s stock.

Analysts Set New Price Targets

GIII has been the topic of a number of analyst reports. UBS Group reaffirmed a “neutral” rating on shares of G-III Apparel Group in a research note on Thursday. Barclays raised their price target on shares of G-III Apparel Group from $18.00 to $21.00 and gave the stock an “underweight” rating in a report on Friday, September 5th. Zacks Research upgraded G-III Apparel Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Telsey Advisory Group restated a “market perform” rating and issued a $30.00 target price on shares of G-III Apparel Group in a research report on Wednesday. Finally, KeyCorp increased their price target on G-III Apparel Group from $30.00 to $33.00 and gave the stock an “overweight” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.00.

G-III Apparel Group Trading Up 0.7%

GIII opened at $29.63 on Thursday. The stock’s 50-day moving average price is $27.66 and its 200 day moving average price is $25.98. G-III Apparel Group, LTD. has a 12-month low of $20.33 and a 12-month high of $36.18. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 7.33 and a beta of 1.30.

G-III Apparel Group (NASDAQ:GIII) last announced its quarterly earnings data on Thursday, September 4th. The textile maker reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.15. G-III Apparel Group had a net margin of 5.84% and a return on equity of 11.53%. The firm had revenue of $613.27 million during the quarter, compared to analysts’ expectations of $568.67 million. During the same quarter in the previous year, the business posted $0.52 earnings per share. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, research analysts forecast that G-III Apparel Group, LTD. will post 4.16 earnings per share for the current year.

G-III Apparel Group 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.