G-III Apparel Group, LTD. Sees Unusually Large Options Volume (GIII)

G-III Apparel Group, LTD. (NASDAQ:GIII) was the target of some unusual options trading on Tuesday. Traders acquired 1,259 put options on the company. This represents an increase of Infinity compared to the typical volume of 0 put options.

A number of analysts have commented on the stock. Stifel Nicolaus upped their price target on shares of G-III Apparel Group, LTD. from $20.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, September 7th. Buckingham Research reaffirmed a “buy” rating and set a $35.00 price target (up previously from $30.00) on shares of G-III Apparel Group, LTD. in a research report on Thursday, September 7th. Zacks Investment Research raised shares of G-III Apparel Group, LTD. from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research report on Saturday, September 9th. Barclays PLC assumed coverage on shares of G-III Apparel Group, LTD. in a research report on Tuesday, September 19th. They set an “underweight” rating and a $28.00 price target on the stock. Finally, FBR & Co reaffirmed a “buy” rating and set a $33.00 price target on shares of G-III Apparel Group, LTD. in a research report on Tuesday, September 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $33.45.

In other G-III Apparel Group, LTD. news, Director Alan Feller sold 2,000 shares of the company’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $29.22, for a total transaction of $58,440.00. Following the sale, the director now owns 20,609 shares of the company’s stock, valued at $602,194.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Wayne S. Miller sold 50,000 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $29.56, for a total transaction of $1,478,000.00. Following the sale, the chief operating officer now directly owns 269,531 shares in the company, valued at approximately $7,967,336.36. The disclosure for this sale can be found here. Insiders sold 57,000 shares of company stock valued at $1,682,990 over the last 90 days. 9.60% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in GIII. BlackRock Inc. lifted its position in G-III Apparel Group, LTD. by 19,882.5% in the 1st quarter. BlackRock Inc. now owns 5,643,064 shares of the textile maker’s stock valued at $123,528,000 after acquiring an additional 5,614,824 shares in the last quarter. Bank of New York Mellon Corp lifted its position in G-III Apparel Group, LTD. by 74.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,574,206 shares of the textile maker’s stock valued at $139,077,000 after acquiring an additional 2,383,043 shares in the last quarter. Columbus Circle Investors bought a new position in G-III Apparel Group, LTD. in the 3rd quarter valued at about $30,233,000. Victory Capital Management Inc. bought a new position in G-III Apparel Group, LTD. in the 2nd quarter valued at about $23,202,000. Finally, Dimensional Fund Advisors LP lifted its position in G-III Apparel Group, LTD. by 45.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,904,916 shares of the textile maker’s stock valued at $72,478,000 after acquiring an additional 907,701 shares in the last quarter. 99.90% of the stock is currently owned by institutional investors and hedge funds.

G-III Apparel Group, LTD. (GIII) opened at $25.48 on Friday. The stock has a market cap of $1,219.93, a PE ratio of 24.77, a PEG ratio of 1.23 and a beta of 0.21. The company has a current ratio of 2.75, a quick ratio of 1.09 and a debt-to-equity ratio of 0.56. G-III Apparel Group, LTD. has a 1 year low of $18.00 and a 1 year high of $32.59.

G-III Apparel Group, LTD. (NASDAQ:GIII) last released its quarterly earnings data on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.11. The company had revenue of $538.00 million for the quarter, compared to analysts’ expectations of $522.45 million. G-III Apparel Group, LTD. had a net margin of 1.23% and a return on equity of 4.65%. The business’s revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. research analysts forecast that G-III Apparel Group, LTD. will post 1.36 earnings per share for the current fiscal year.

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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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