G-III Apparel Group Ltd. (GIII) : Buckingham Capital Management Inc scooped up 49,105 additional shares in G-III Apparel Group Ltd. during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 20, 2016. The investment management firm now holds a total of 606,245 shares of G-III Apparel Group Ltd. which is valued at $27,972,144.G-III Apparel Group Ltd. makes up approximately 1.62% of Buckingham Capital Management Inc’s portfolio.
G-III Apparel Group Ltd. closed down -0.57 points or -1.22% at $46.14 with 4,79,213 shares getting traded on Friday. Post opening the session at $46.83, the shares hit an intraday low of $45.94 and an intraday high of $47.32 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Other Hedge Funds, Including , Boston Advisors sold out all of its stake in GIII during the most recent quarter. The investment firm sold 267,020 shares of GIII which is valued $12,320,303. Simplex Trading sold out all of its stake in GIII during the most recent quarter. The investment firm sold 3,365 shares of GIII which is valued $155,665.Sit Investment Associates Inc reduced its stake in GIII by selling 600 shares or 0.93% in the most recent quarter. The Hedge Fund company now holds 63,966 shares of GIII which is valued at $2,959,067. G-III Apparel Group Ltd. makes up approx 0.05% of Sit Investment Associates Inc’s portfolio. 1st Global Advisors added GIII to its portfolio by purchasing 4,976 company shares during the most recent quarter which is valued at $230,190. G-III Apparel Group Ltd. makes up approx 0.03% of 1st Global Advisors’s portfolio.
On the company’s financial health, G-III Apparel Group Ltd. reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on Mar 22, 2016. Analyst had a consensus of $0.42. The company had revenue of $527.40 million for the quarter, compared to analysts expectations of $566.37 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 EPS.
Many Wall Street Analysts have commented on G-III Apparel Group Ltd.. Shares were Reiterated by Telsey Advisory Group on Mar 23, 2016 to “Outperform” and Lowered the Price Target to $ 54 from a previous price target of $64 .Shares were Reiterated by Wunderlich on Mar 23, 2016 to “Buy” and Lowered the Price Target to $ 52 from a previous price target of $62 .
G-III Apparel Group Ltd. designs manufactures and markets a range of apparel products. The Company’s apparel products include outerwear dresses sportswear swimwear women’s suits and women’s performance wear as well as footwear luggage and women’s handbags small leather goods and cold weather accessories. The Company operates through three segments Licensed Products Non-Licensed Products and Retail Operations. The Licensed products segment includes sales of products under brands licensed by the Company from third parties. The Non-licensed products segment includes sales of products under its own brands and under private label brands. The retail operations segment consists primarily of its Wilsons Leather and G.H. Bass stores as well as Calvin Klein Performance stores.