OxFORD Asset Management LLP bought a new stake in G-III Apparel Group, LTD. (NASDAQ:GIII) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 99,435 shares of the textile maker’s stock, valued at approximately $2,481,000. OxFORD Asset Management LLP owned about 0.20% of G-III Apparel Group, LTD. at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. raised 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 worth $123,528,000 after purchasing an additional 5,614,824 shares during the last quarter. Bank of New York Mellon Corp raised 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 worth $139,077,000 after purchasing an additional 2,383,043 shares during the last quarter. Vanguard Group Inc. raised its position in G-III Apparel Group, LTD. by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 3,632,380 shares of the textile maker’s stock worth $90,628,000 after purchasing an additional 21,050 shares during the last quarter. Dimensional Fund Advisors LP raised 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 worth $72,478,000 after purchasing an additional 907,701 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK raised its position in G-III Apparel Group, LTD. by 9.4% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,933,086 shares of the textile maker’s stock worth $48,231,000 after purchasing an additional 166,857 shares during the last quarter. Institutional investors own 99.38% of the company’s stock.

Shares of G-III Apparel Group, LTD. (GIII) opened at 29.09 on Thursday. G-III Apparel Group, LTD. has a 12-month low of $18.00 and a 12-month high of $32.98. The firm’s 50-day moving average is $27.85 and its 200-day moving average is $24.69. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 44.21 and a beta of 0.23.

G-III Apparel Group, LTD. (NASDAQ:GIII) last released its quarterly earnings results on Wednesday, September 6th. The textile maker reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.26) by $0.11. The firm had revenue of $538.00 million during the quarter, compared to the consensus estimate 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 company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 earnings per share. Analysts predict that G-III Apparel Group, LTD. will post $1.35 earnings per share for the current fiscal year.

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GIII has been the subject of several research analyst reports. Cowen and Company set a $23.00 price objective on shares of G-III Apparel Group, LTD. and gave the stock a “hold” rating in a research report on Monday, August 14th. Buckingham Research boosted their price objective on shares of G-III Apparel Group, LTD. from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, August 31st. Telsey Advisory Group upgraded shares of G-III Apparel Group, LTD. from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $27.00 to $36.00 in a research report on Wednesday, September 6th. BidaskClub cut shares of G-III Apparel Group, LTD. from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Piper Jaffray Companies upgraded shares of G-III Apparel Group, LTD. from a “neutral” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the stock. G-III Apparel Group, LTD. presently has a consensus rating of “Buy” and an average target price of $32.27.

In other news, Director Alan Feller sold 5,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $29.31, for a total transaction of $146,550.00. Following the completion of the transaction, the director now owns 20,609 shares of the company’s stock, valued at $604,049.79. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Wayne S. Miller sold 50,000 shares of the firm’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 transaction, the chief operating officer now directly owns 269,531 shares of the company’s stock, valued at approximately $7,967,336.36. The disclosure for this sale can be found here. Insiders have sold 57,000 shares of company stock valued at $1,682,990 in the last ninety days. Insiders own 9.60% of the company’s stock.

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.

Institutional Ownership by Quarter for G-III Apparel Group, LTD. (NASDAQ:GIII)

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