The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) is a huge mover today! About 351,421 shares traded hands. G-III Apparel Group, Ltd. (NASDAQ:GIII) has declined 45.85% since April 5, 2016 and is downtrending. It has underperformed by 47.81% the S&P500.
The move comes after 6 months positive chart setup for the $1.26 billion company. It was reported on Nov, 8 by Barchart.com. We have $35.53 PT which if reached, will make NASDAQ:GIII worth $390.60M more.
G-III Apparel Group, Ltd. (NASDAQ:GIII) Ratings Coverage
Out of 9 analysts covering G-III Apparel Group (NASDAQ:GIII), 5 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 56% are positive. G-III Apparel Group has been the topic of 23 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Brean Capital upgraded G-III Apparel Group, Ltd. (NASDAQ:GIII) rating on Wednesday, August 12. Brean Capital has “Buy” rating and $75 price target. The rating was initiated by CLSA with “Outperform” on Thursday, September 29. On Thursday, September 3 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The firm earned “Outperform” rating on Tuesday, January 5 by Telsey Advisory Group. Brean Capital initiated the stock with “Hold” rating in Tuesday, August 4 report. The rating was downgraded by Stifel Nicolaus to “Sell” on Wednesday, August 31. The stock has “Hold” rating given by Stifel Nicolaus on Tuesday, November 8. Telsey Advisory Group downgraded the stock to “Market Perform” rating in Tuesday, July 26 report. The firm earned “Overweight” rating on Thursday, September 3 by Barclays Capital. The stock has “Buy” rating given by Standpoint Research on Tuesday, October 4.
According to Zacks Investment Research, “G-III Apparel Group, Ltd. designs, manufactures, imports & markets an extensive range of leather & non-leather apparel including coats, jackets, pants, skirts & other sportswear items.”
Insitutional Activity: The institutional sentiment is 1.14 in 2016 Q2. Its the same as in 2016Q1. The ratio is flat, as 31 funds sold all G-III Apparel Group, Ltd. shares owned while 60 reduced positions. only 28 funds bought stakes while 76 increased positions. They now own 45.13 million shares or 0.62% more from 44.85 million shares in 2016Q1.
American Natl Registered Inv Advisor holds 0.14% or 6,485 shares in its portfolio. The Connecticut-based Zebra Mngmt Ltd Limited Liability Company has invested 0.41% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Arcadia Inv Corp Mi holds 0.01% or 356 shares in its portfolio. Amer Insur Tx accumulated 0.16% or 57,875 shares. Keybank Natl Association Oh last reported 0% of its portfolio in the stock. Blackrock reported 100,399 shares or 0% of all its holdings. Timessquare Management Lc reported 2.11 million shares or 0.64% of all its holdings. Trexquant Inv Lp last reported 0.04% of its portfolio in the stock. Janney Montgomery Scott Lc reported 9,950 shares or 0.01% of all its holdings. Metropolitan Life Ny has 31,133 shares for 0.01% of their US portfolio. 1St Global has 4,865 shares for 0.03% of their US portfolio. The Pennsylvania-based Millrace Asset Gp Incorporated has invested 2.31% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Paloma Prns holds 0.01% or 14,456 shares in its portfolio. Blackrock holds 0% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 25,244 shares. Lpl Financial Lc holds 5,511 shares or 0% of its portfolio.
More notable recent G-III Apparel Group, Ltd. (NASDAQ:GIII) news were published by: Fool.com which released: “Why G-III Apparel Group, Ltd. Stock Plunged Today” on August 30, 2016, also Fool.com with their article: “Why G-III Apparel Group, Ltd. Stock Spiked 17% Last Month” published on July 07, 2016, Businesswire.com published: “G-III Apparel Group, Ltd. Strengthens Partnership with KARL LAGERFELD Brand …” on February 25, 2016. More interesting news about G-III Apparel Group, Ltd. (NASDAQ:GIII) were released by: Businesswire.com and their article: “G-III Apparel Group, Ltd. Announces First Quarter Fiscal 2017 Results” published on June 01, 2016 as well as Investorplace.com‘s news article titled: “Why Barrick Gold Corporation (USA) (ABX), G-III Apparel Group, Ltd. (GIII) and …” with publication date: July 25, 2016.
GIII Company Profile
G-III Apparel Group, Ltd. (G-III), incorporated on October 17, 1989, designs, makes and markets a range of apparel products. The Firm operates through two divisions: wholesale activities and retail operations. The Company’s 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. The Firm sells products under its own brands, including Vilebrequin, G.H. Bass, Bass, Andrew Marc and Marc New York; licensed brands, and private retail labels. The Company’s products are sold through retailers, such as Macy’s, Bloomingdale’s, Nordstrom, Lord & Taylor, Dillard’s, The Bon-Ton Stores, Saks Fifth Avenue and JC Penney.
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