OppenheimerFunds Inc. lessened its holdings in shares of G-III Apparel Group, Ltd. (NASDAQ:GIII) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,650 shares of the textile maker’s stock after selling 6,822 shares during the quarter. OppenheimerFunds Inc.’s holdings in G-III Apparel Group were worth $1,831,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in GIII. Columbus Circle Investors bought a new stake in G-III Apparel Group during the 3rd quarter valued at $30,233,000. Dimensional Fund Advisors LP increased its stake in G-III Apparel Group by 21.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,523,557 shares of the textile maker’s stock valued at $102,254,000 after purchasing an additional 618,641 shares in the last quarter. Fuller & Thaler Asset Management Inc. bought a new stake in G-III Apparel Group during the 3rd quarter valued at $9,732,000. Victory Capital Management Inc. increased its stake in G-III Apparel Group by 22.4% during the 4th quarter. Victory Capital Management Inc. now owns 1,245,267 shares of the textile maker’s stock valued at $45,938,000 after purchasing an additional 228,015 shares in the last quarter. Finally, Cortina Asset Management LLC bought a new stake in G-III Apparel Group during the 3rd quarter valued at $4,709,000. Institutional investors and hedge funds own 98.31% of the company’s stock.
G-III Apparel Group, Ltd. (NASDAQ GIII) opened at $35.51 on Tuesday. The company has a quick ratio of 1.91, a current ratio of 3.52 and a debt-to-equity ratio of 0.66. The firm has a market cap of $1,757.10, a PE ratio of 30.34, a P/E/G ratio of 1.17 and a beta of 0.26. G-III Apparel Group, Ltd. has a fifty-two week low of $18.00 and a fifty-two week high of $40.96.
In related news, Director Bokhorst Willem Van sold 7,518 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $37.51, for a total value of $282,000.18. Following the transaction, the director now directly owns 48,667 shares of the company’s stock, valued at approximately $1,825,499.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Sammy Aaron sold 51,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $33.62, for a total transaction of $1,714,620.00. Following the completion of the transaction, the insider now directly owns 556,152 shares in the company, valued at $18,697,830.24. The disclosure for this sale can be found here. 9.70% of the stock is currently owned by insiders.
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G-III Apparel Group Company Profile
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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