Today’s Stock Alert: Is G-III Apparel Group, Ltd. a Sell? The Stock Declines Again

Today's Stock Alert: Is G III Apparel Group, Ltd. a Sell? The Stock Declines Again

The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) is a huge mover today! The stock decreased 3.59% or $1.16 during the last trading session, hitting $31.18. About 931,609 shares traded hands or 55.77% up from the average. G-III Apparel Group, Ltd. (NASDAQ:GIII) has declined 28.99% since April 13, 2016 and is downtrending. It has underperformed by 32.91% the S&P500.
The move comes after 5 months negative chart setup for the $1.48B company. It was reported on Nov, 15 by Barchart.com. We have $28.37 PT which if reached, will make NASDAQ:GIII worth $133.20 million less.

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. Wunderlich maintained the shares of GIII in a report on Wednesday, November 25 with “Buy” rating. The company was downgraded on Tuesday, July 26 by Cowen & Co. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) has “Market Perform” rating given on Tuesday, July 26 by Telsey Advisory Group. As per Tuesday, August 4, the company rating was initiated by Brean Capital. Stifel Nicolaus upgraded the stock to “Hold” rating in Tuesday, November 8 report. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) has “Sell” rating given on Wednesday, August 31 by Stifel Nicolaus. The rating was maintained by Telsey Advisory Group on Wednesday, August 31 with “Market Perform”. CLSA initiated G-III Apparel Group, Ltd. (NASDAQ:GIII) rating on Thursday, September 29. CLSA has “Outperform” rating and $34 price target. The company was maintained on Thursday, September 3 by Piper Jaffray. Barclays Capital maintained the stock with “Overweight” rating in Thursday, September 3 report.

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 Q2 2016. Its the same as in 2016Q1. The ratio is the same, 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.
Buckingham Cap Mgmt has 4.24% invested in the company for 763,624 shares. Sei Invs Communication holds 206,782 shares or 0.06% of its portfolio. Credit Suisse Ag holds 0% or 62,169 shares in its portfolio. Northpointe Capital Ltd Liability Corporation last reported 0.04% of its portfolio in the stock. The New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.04% in G-III Apparel Group, Ltd. (NASDAQ:GIII). Bb&T Lc has invested 0% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII). Asset Incorporated accumulated 663 shares or 0% of the stock. Raymond James & Assoc holds 0.01% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 42,716 shares. Ridgeworth Cap Ltd Liability Corporation holds 14,319 shares or 0.01% of its portfolio. Alliancebernstein Ltd Partnership owns 69,912 shares or 0% of their US portfolio. Voya Mgmt Limited Liability Corporation reported 17,976 shares or 0% of all its holdings. Tci Wealth has invested 0.01% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII). First Tru Limited Partnership reported 32,009 shares or 0% of all its holdings. Nationwide Fund accumulated 173,956 shares or 0.03% of the stock. Moody Comml Bank Tru Division, a Texas-based fund reported 6,375 shares.

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, Nasdaq.com published: “Commit To Buy G-III Apparel Group At $22.50, Earn 12.5% Annualized Using Options” on November 08, 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. Strengthens Partnership with KARL LAGERFELD Brand …” published on February 25, 2016 as well as Businesswire.com‘s news article titled: “G-III Apparel Group, Ltd. Announces Third Quarter Fiscal 2016 Results” with publication date: December 02, 2015.

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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