The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) is a huge mover today! About 552,014 shares traded hands. G-III Apparel Group, Ltd. (NASDAQ:GIII) has declined 38.55% since April 20, 2016 and is downtrending. It has underperformed by 43.11% the S&P500.
The move comes after 7 months positive chart setup for the $1.44B company. It was reported on Nov, 22 by Barchart.com. We have $32.62 PT which if reached, will make NASDAQ:GIII worth $115.20 million 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. Zacks downgraded the stock to “Buy” rating in Tuesday, August 25 report. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) has “Buy” rating given on Tuesday, October 4 by Standpoint Research. The rating was initiated by Brean Capital with “Hold” on Tuesday, August 4. The firm earned “Sell” rating on Wednesday, August 31 by Stifel Nicolaus. Brean Capital reinitiated it with “Buy” rating and $51 target price in Tuesday, June 21 report. The firm has “Market Perform” rating given on Wednesday, August 31 by Telsey Advisory Group. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) has “Market Perform” rating given on Tuesday, July 26 by Telsey Advisory Group. The stock has “Market Perform” rating given by Cowen & Co on Tuesday, July 26. Telsey Advisory Group maintained the stock with “Outperform” rating in Thursday, September 3 report. The stock of G-III Apparel Group, Ltd. (NASDAQ:GIII) earned “Hold” rating by Stifel Nicolaus on Tuesday, November 8.
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 decreased to 1.08 in 2016 Q2. Its down 0.06, from 1.14 in 2016Q1. The ratio turned negative, as 31 funds sold all G-III Apparel Group, Ltd. shares owned while 60 reduced positions. 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.
Pinebridge Limited Partnership reported 5,086 shares or 0.01% of all its holdings. Bridgeway Capital Mgmt accumulated 6,100 shares or 0% of the stock. State Common Retirement Fund last reported 0% of its portfolio in the stock. First Tru Advsrs Ltd Partnership has 0% invested in the company for 32,009 shares. Moreover, Capstone Asset Management has 0.02% invested in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 11,986 shares. Royal Financial Bank Of Canada holds 0.02% or 806,301 shares in its portfolio. Swiss Financial Bank owns 66,900 shares or 0% of their US portfolio. Northern holds 0.01% of its portfolio in G-III Apparel Group, Ltd. (NASDAQ:GIII) for 616,584 shares. Kalmar Invests Inc De accumulated 1.37% or 678,200 shares. Polar Asset Mgmt Prns owns 270,445 shares or 0.5% of their US portfolio. Strs Ohio accumulated 2,000 shares or 0% of the stock. Gru One Trading Limited Partnership accumulated 1,444 shares or 0% of the stock. Alliancebernstein Lp last reported 69,912 shares in the company. Kennedy Cap Mngmt, a Missouri-based fund reported 495,931 shares. Amer Interest Group Incorporated last reported 31,516 shares in the company.
More notable recent G-III Apparel Group, Ltd. (NASDAQ:GIII) news were published by: Businesswire.com which released: “G-III Apparel Group Announces Date for Third Quarter 2017 Results” on November 22, 2016, also Fool.com with their article: “Why G-III Apparel Group, Ltd. Stock Plunged Today” published on August 30, 2016, Fool.com published: “Why G-III Apparel Group, Ltd. Stock Spiked 17% Last Month” on July 07, 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 Moodys.com‘s news article titled: “Moody’s assigns Ba3 CFR to G-III Apparel; Secured term Loan rated B1” with publication date: September 15, 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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